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CCE - Carnegie Clean Energy

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Re: CWE - Carnegie Wave Energy

Onshore Test Results
4th April 2011
Onshore pump and hydraulic system test completed.

  • Successfully characterised performance in different simulated conditions.
  • Demonstrated ability to control pressure settings remotely (onshore).
  • Unit performance results in line with expectations.

Wave energy developer Carnegie Wave Energy (ASX: CWE) is pleased to advise that the onshore testing of the CETO pump and hydraulic module for its Garden Island commercial scale demonstration has been successfully completed.

The test programme involved exhaustive cycling of the pump using a hydraulic actuator to characterise the system performance and to ensure reliable function. Both sinusoidal and irregular waveforms were simulated at various pressure configurations to recreate the bulk of the scenarios likely to be encountered at sea.

A key element of the system is the data acquisition and remote control system which was also tested extensively. This system allows availability of high speed data and complete system control in real-time from the CETO control centre in West Perth. Engineers will man the centre around the clock to conduct power optimisation trials and monitor performance.

Carnegie’s Managing Director Dr Michael Ottaviano said, “We are very pleased with the results of the onshore test program. Mobilisation for offshore deployment is underway.”
A large quantity of data has been acquired during the onshore testing which has been evaluated by Carnegie's technical team and is consistent with expectations. The data is also used to calibrate Carnegie’s computational models thus greatly enhancing the accuracy of future predictions. An image of the testing system is included below and a video is viewable on Carnegie’s website www.carnegiewave.com

“We are very pleased with the results of the onshore test program. Mobilisation for offshore deployment is underway.”
Click to expand...
Very positive test results. Not long now holders. We should see some sp action as we near offshore deployment.
 
Re: CWE - Carnegie Wave Energy

LeeTV said:
Onshore Test Results
4th April 2011
Onshore pump and hydraulic system test completed.
.....
Very positive test results. Not long now holders. We should see some sp action as we near offshore deployment.
Click to expand...

Indeed, i have been meaning to post something on this development but have not gotten around to it.

Step by step CWE is getting its feet into the deep end where the big boys play.

Considering the intellectual rights were $50oddMil and the market cap is 83mil i think the company is fairly priced around 10c.

I am expecting a re-rating once the final stages of the commercial demonstration are near completion in dec2011, then we can begin taking some larger orders.

2012-20 are Carnegie's years in my opinion. Good luck to the planet!
 
Re: CWE - Carnegie Wave Energy

Carnegie makes waves with renewable energy
RACHEL DONKIN, The West Australian
April 20, 2011, 7:23 am



UPDATE 9.05am: Carnegie Wave Energy has notched up a major win in the race to commercialise new renewable energy technologies, after becoming the first company in the southern hemisphere to generate electricity from the ocean's waves.

The WA company announced this morning that it had successfully activated its first commercial-scale CETO unit off Garden Island at the weekend, ahead of schedule.

The milestone, which comes after five years of testing its technology at selected sites across the country, means Carnegie is a step closer to producing the promised 5MW of grid-connected power from the site.

Carnegie's technology, developed by company founder and inventor Alan Burns, relies on buoys anchored on the ocean floor that use the motion of passing waves to drive pumps which then deliver pressurised water to shore.

The company will monitor power produced at the Garden Island site over the next month and if all goes to plan, will eventually install up to 30 units, enough to produce power for 3500 homes.

Carnegie managing director Michael Ottaviano said yesterday the unit was producing power "exactly as expected".

"This is the most significant milestone in Carnegie's history," Dr Ottaviano said.

The State Government has invested $12.5 million in Carnegie's efforts to bring its CETO technology to market.

But despite Australia's reliable wave source, the company has increasingly been forced to look overseas for development funds.

In 2009, it scrapped plans to develop the world's biggest wave power project near Albany after it was overlooked for a major Federal Government grant.

The $300 million pilot project had aimed to produce 50MW of power, enough electricity for 30,000 homes.

WA gets about 5 per cent of its power from renewable sources, predominantly wind energy. The Federal Government has set a national target of 20 per cent by 2020.

Carnegie shares were unchanged at 10 cents at 9.05am.
 
Re: CWE - Carnegie Wave Energy

All set to catch the next energy wave
Giles Parkinson

The weekend just past was a pretty lousy one for surf in the Perth region, with wave heights around knee to waste high at best. Not great for surfers, but just fine for developers of ocean energy, such as the Perth-based Carnegie Wave Energy. To generate electricity from the ocean, you don’t need big waves, you just need constant wave motion.

Early on Sunday Perth time, Australia’s first commercial-size wave energy machine – developed by Carnegie – was quietly deployed and began producing power from its pump anchored around 25 metres under the sea off the Garden Island Naval Base.

It was a hugely significant moment for Carnegie, which has spent more than a decade developing its CETO technology, which has been refined from an original idea from company founder Alan Burns, the oil and mining entrepreneur who became fascinated by ocean energy after being pummelled by some truly big waves in Hawaii and off Rottnest Island nearly two decades ago.

And it could also be a truly significant moment for the energy industry as a whole. Wave energy, in theory at least, could provide up to one third of Australia’s energy needs, according to Carnegie, although the CSIRO has predicted even greater potential.

In a country rich with renewable sources such as wind, solar and geothermal, not to mention its fossil fuels, it will likely never meet that capacity. But it could play a key role in some areas, particularly if it delivers on its cost predictions, and may become critical to the energy needs of countries in Europe, Africa and South America, that have few other options.

The first units are going to be horrendously expensive, which is what most people expected, but once it achieves economies of scale, most ocean energy developers are confident that they will be challenging wind on cost per megawatt hour – which is not something many people anticipated at all.

“This is a huge milestone for us,” says Carnegie CEO Michael Ottaviano, who adds that the unit, designed to deliver more than 100kW, is so far performing to expectations. “What we are doing now is demonstrating the technically novel part. Once we are comfortable with that, we move on to the less novel part – installing pipes and turbines – and then its just about connecting multiple units.”

The single CETO pump that is installed off Garden Island is anchored to the ocean floor and an attached buoy moves in harmony with the motion of the passing waves, driving the pump, which in turn pressurises water that will be delivered ashore via a pipeline. This water, in turn, will drive a hydraulic turbine, generating zero-emission electricity. The water can also be used to supply a reverse osmosis desalination plant, replacing the traditional greenhouse gas-emitting electricity driven pumps.



Pump, attachment and connector being deployed from barge

Ottaviano says Carnegie will monitor the unit’s performance over the next 6-8 weeks, but within the next few months will make a decision on where to deploy its first full-scale demonstration plant, likely to be up to 20 units generating around 2MW of power.

Garden Island is the most likely option, because it can deliver the project in the quickest time, but the company is also being courted by Reunion Island, where its partner, the French energy giant EDF, is offering to pay half its costs and the French government offering to pay a generous feed in tariff.



BA operational off Garden Island

Wherever the first demonstration plant is built, the future roll-out of multiple units is likely to take place overseas, where some countries such as Ireland and Scotland are battling to become the world centre for ocean energy.

“The countries pursuing wave energy are doing so because they see a competitive advantage,” Ottaviano says. “They want to own the space. It’s not just about generating kilowatt hours into the grid, it’s about industry development and IP generation. That sort of argument doesn’t penetrate in Australia. All we hear about is the costs in developing the technologies.”

Ottaviano notes that Ireland, where Carnegie has developed strong commercial relationships, is the only country in the world with a defined wave energy target – it wants to install 500MW of capacity by 2020.

Carnegie’s own goal is to have 40-50MW of installed capacity by 2015, and it is likely to happen either in western European countries that are offering generous tariffs, or on remote islands, where local authorities are seeking to displace expensive diesel.

Ottaviano says analysis by Parsons Brinckerhoff suggested that once economies of scale are achieved, costs could fall to as low as 12c per kilowatt hour. “We will start higher than that, so the best markets for us will be where we can get the best tariffs.”

In Bermuda, for instance, where the company has recently installed a wave-monitoring buoy, the proposed tariff is 42c/kWh. “The trick for us is in the next five years, deploy 50MW of projects in high tariff region and use them to generate economies of scale to get costs down to 12-13c/kWh, Ottaviano says. “At that point we will be competitive with wind.”
 
Re: CWE - Carnegie Wave Energy

Trading halt.

Probably another diluting capital raising....

News article out.

http://www.edenmagnet.com.au/news/local/news/general/towards-a-greener-eden/2153758.aspx?storypage=0

"Wave energy could be underway as soon as 2012 if a prototype system tested in Western Australia proves to be a keeper."

"Carnegie Wave Energy (CWE) scientists are analysing wave data this week following a two week test run of the southern hemisphere’s first full scale wave energy unit, the CETO 3, off Western Australia."
 
Re: CWE - Carnegie Wave Energy

CWE is about to mature in 2012 and people seem to believe in it.

Capital raising @10c and shares won't even touch it. Trading at 11.5c with no signs of anyone selling at the 10c.

Roll out expected in 2012, I think this is the last chance to get into carnegie at these base prices.

with the political set-back in the nuclear camp this again pushes alternative energies into the forefront; where Carnegie is a leader.

my 2c anyway, im pretty sure everyone is hunting down the next elephant miner instead
 
Re: CWE - Carnegie Wave Energy

With the Test completed and the results analysed and this design contract they should be in a position soon to negotiate some hardware orders. That is when the price should show some serious rises
 
Re: CWE - Carnegie Wave Energy

Sadly, "they" did sell CWE down below 10c; but not much else was to be expected, given the general direction of the markets. Especially the last few weeks have dealt rather savagely especially with minnows such as CWE. I sincerely hope you're right and 2012 becomes the year of recognition. It would be a pity if the intellectual property were lost to some foreign taker-overer.

 
Re: CWE - Carnegie Wave Energy

The trouble with all these technical shares is that the markets are always too impatient.
Against that they usually hold the capability to be multi-baggers which is rarely true for blue chips. We just have to ignore the blips and be patient with what looks to me like a really good system.
 
Re: CWE - Carnegie Wave Energy

wow.... in the 7s now... never thought i would see the day. Market Cap of 70mil, hardly an appreciation of the IP or the developments of the last 3 years. I love the tech. It just needs some attention. Get the pr machine running...

Im going to buy more tomorrow.
 
Re: CWE - Carnegie Wave Energy

Carnegie Announces initial full scale performance results positive.

Delivery water pressure exceeds osmosis requirement

Performance in line with computer models - design for power off-take system being finalized

Independent assessment of results under way, results due in a month

Everything on track, all eyes dotted and waves surfed! Lets make some money!

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01195026
 
Re: CWE - Carnegie Wave Energy

Carbon Tax is revealed, seems to have support, roll out July 2012.

EVERYBODY SCRAMBLE!

Dump the top 500 polluter stocks and put the money into renewable energy companies. Which ones you say? The best ones of course!

Carnegie up 20.51%
Ceramic Fuel Cells ltd up 15.38%
Geodynamics up 26.87% (over 100% in 2 weeks)
Pertathermal ltd up 15.15%
Silex Solutions only 8% ?? guess they have fallen off their pedestal

Lets see if the carbon tax makes it to 2012

Good Luck to holders.
 
Re: CWE - Carnegie Wave Energy

Have a look at 7Mate, right now on TV. Amazing new engineering in wave technology. Not CWE but its competitors.
 
Re: CWE - Carnegie Wave Energy

Gringotts Bank said:
Have a look at 7Mate, right now on TV. Amazing new engineering in wave technology. Not CWE but its competitors.
Click to expand...

What was the name of it.

Competitors are abundant,but few desalinate water as efficiently as cwe.
 
Re: CWE - Carnegie Wave Energy

Pelamis was one of three companies that I remember. Long sausage thing in the water - very clever.

None of the three were desalination plants. Only power.
 
Re: CWE - Carnegie Wave Energy

Gringotts Bank said:
Pelamis was one of three companies that I remember. Long sausage thing in the water - very clever.

None of the three were desalination plants. Only power.
Click to expand...

There was also underwater turbines, tidal power or something.
 
Re: CWE - Carnegie Wave Energy

danbradster said:
There was also underwater turbines, tidal power or something.
Click to expand...

Every additional apparatus installed underwater increases the maintenance costs and risk of the system. I don't see them as competitors. Kinetic pumps with limited moving parts keeps things simple, and thus cheaper to maintain; another +1 to CWE

Tidal power is interesting, but it has limited latitudes it can operate efficiently.

All in all the only thing causing CWE not to be competitive is the insanely low cost of fossil fuels (regardless of Carbon Tax).
 
Re: CWE - Carnegie Wave Energy

In a trading halt at the moment but ABC is reporting that Gillard is set to announce that Carnegie wave power will be used to power a naval base.

If it is true then it is great news for the company, getting a long term gov contract proving their technology
 
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