Wave energy firm signs MoU for commercial wave and microgrid projects

Carnegie Wave Energy has signed a memorandum of understanding (MOU) with a Sri Lankan company for commercial wave and microgrid projects in the country, the West Australian reported.

The wave energy firm is to work with Lanka Energy Conservation to identify opportunities and development pathways for its technology on the island, the report said.

Specifically the two companies will examine opportunities to enable CETO wave farms to be integrated into the existing or new power infrastructure to supply clean power and freshwater.

Carnegie’s chief operating officer Greg Allen said in the report the company had made significant progress in its entry into the “small island” market this year.

“The signing of this MOU provides us with another opportunity to provide services to explore the possibility of incorporating CETO, along with microgrid solutions, to enable high penetration of renewable energy, displacing imported diesel,” he said.