Carnegie has secured an Export Growth Bond Facility (facility) with Export Finance Australia (EFA). EFA, the Australian Government’s official export credit agency, helps Australian businesses expand and advance projects internationally by offering bond solutions to Australian exporters. EFA will provide advanced payment guarantee bonds that enable Carnegie Technologies Spain to draw down grant payments for the ACHIEVE Programme’s CETO deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country. The Company has signed an Offer Letter and General Security Deed for this facility.
Carnegie is pleased to announce a two-year extension of its collaboration agreement with Hewlett Packard Enterprise (HPE), a global leader in information technology. This partnership focuses on advancing Carnegie’s CETO wave energy technology by bringing together HPE’s expertise in artificial intelligence and high-performance computing with Carnegie’s expertise in wave energy control and operations. The companies have been working together since 2020, with HPE’s research group, Hewlett Packard Labs, playing a key role. The agreement between Carnegie and HPE is for an additional two years, to 15 November 2026. All other terms and conditions of the agreement remain in effect.
Learn more about Carnegie’s collaboration with HPE through the video below
Keynote by Antonio Neri (HPE) and Jensen Huang (NVIDIA) talked about the significance of AI including collaboration with Carnegie on CETO’s AI based controller during first ever keynote at Sphere (Las Vegas)
Carnegie CEO Jonathan Fievez presented at HPE Discover 2024 on panel of AI leaders discussing the transformative potential of generative AI and supercomputing in the clean energy sector
CETO animation on loop and CETO model wave tank demonstration at entrance of HPE Discover Showcase to 14,000 industry professionals in attendance, providing incredible exposure of our CETO wave energy converter
Carnegie is collaborating with HPE to implement an AI-based controller for CETO, enabling advanced optimisation and improvements
View Carnegie’s Feature during the Keynote via the video (VIMEO) link below:
Carnegie is pleased to share updates regarding its activities at the HPE Discover conference in the USA, including a CEO presentation during the conference, CETO example used during the keynote presentation, and CETO animation and model wave tank displayed in the HPE Discover Showcase for the 14,000 people in attendance at the Sphere and Venetian Exhibition Centre in Las Vegas. CEO Jonathan Fievez and Chairman Terry Stinson represented the Company at the prestigious conference, held at the Venetian Expo Centre in Las Vegas. The event showcases latest advancements in artificial intelligence (AI) and supercomputing and is a key technology and AI event in the USA.
During the first day, CEO Jonathan Fievez joined an esteemed panel featuring AI leaders Trish Damkroger (HPE SVP of HPC & AI) and Dr. Prith Banerjee (CTO of ANSYS) to discuss how AI is revolutionising industries and driving innovation. The panel delved into the convergence of AI, cutting-edge technologies, and industry-specific expertise, discussing the potential for transformative change.
Carnegie CEO Jonathan Fievez presents alongside AI leaders Trish Damkroger (HPE SVP of HPC & AI) and Dr. Prith Banerjee (CTO of ANSYS)
Carnegie’s CETO wave energy technology is also prominently displayed at the HPE Discover Showcase, where over 14,000 attendees had the opportunity to explore the future of tech.
Located in a notable position at the front of the Showcase, CETO captivated the audience with the CETO animation, developed by Spatial Media, displayed on a large screen and accompanied by a wave tank display demonstrating CETO in action and introducing the technology’s unique features. These visual representations provided attendees with a deeper understanding of the technology’s potential to transform the renewable energy landscape globally.
CETO Animation and Wave Tank on Display in HPE Discover Showcase
Carnegie’s invitation to participate in this event highlights the valuable ongoing collaboration with Hewlett Packard Enterprise (HPE) to harness the power of AI and supercomputing to increase the energy generation of the CETO wave energy converter technology. Carnegie continues to drive innovation and accelerate the global transition to clean energy through impactful relationships and collaborations.
Following successful validation of the AI-based reinforcement learning controller during previous tank testing, the Company is now working towards implementing the controller as part of the ACHIEVE Programme’s CETO deployment in Spain.
MoorPower redeployed for winter and generating electricity! Yesterday’s calm seas provided the ideal conditions for the redeployment of our MoorPower Demonstrator in North Fremantle, Western Australia.
Building on the successful validation completed during the initial deployment phase, this next phase will gather further data that reinforces that design and modelling validation work. We’ve also upgraded the MoorPower system with extra sensors to capture even more valuable data.
This deployment will deliver additional evidence of MoorPower’s commercial readiness, as winter brings the increased and varied wave conditions we expect to see in commercial deployments.
Carnegie Clean Energy recently hosted an Investor Webinar showcasing our CETO and MoorPower wave energy technologies, commercialisation pathways and strategies. CEO Jonathan Fiévez and Chairman Terry Stinson provided insights into the company’s strategy, recent progress, and future outlook. Investors also had the opportunity to engage in a live Q&A session.
A recording of the 30 minute webinar is available for those who missed the live event below, alternatively view the presentation slides HERE
MoorPower Demonstrator achieves goals during its initial operational phase, signalling ability to meet commercialisation pathway targets
Over 2,000 hours of operations data gathered and analysed
Commercial aquaculture partner’s feeding barge motion and energy consumption data gathered and analysed
Core design proven with MoorPower modules functioning as predicted
Results validate power take-off architecture common to both CETO and MoorPower
MoorPower numerical models validated using Demonstrator performance data and commercial feeding barge motion data, providing confidence in Carnegie’s ability to forecast the performance of the Commercial MoorPower System for a variety of barges globally
