The project will demonstrate the company’s CETO technology, a dual purpose system which converts wave energy into electricity while also desalinating water.
“With the government’s assistance through the Emerging Renewables Programme, this $31M pilot project will demonstrate the potential for Carnegie’s Australian invented and owned CETO technology to provide up to 2 MW of energy to the electricity grid,” Ferguson said in a written statement.
According to the company's website, the CETO wave energy converter is a fully-submerged device that produces a stream of water under high pressure.
This water is piped ashore and can be used to generate electricity through a hydroelectric turbine, and fresh water through a standard reverse osmosis desalination system.
CETO converters are permanently anchored to the sea floor and self-tune to tidal and wave patterns, the website said.
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