Australian Defense Department, Carnegie Wave Technology Sign Agreements

July 17, 2012

The Australian Defense Department will use wave technology to power its largest naval facility, the ABC News reports.

As we have been informed by Carnegie Wave Technology, they have signed formal power supply and grid connection agreements with the Australian Department of Defense.

These agreements govern the exclusive purchase of all the electricity generated from the Perth Wave Energy Project and the connection of the wave project into the local HMAS Stirling electrical infrastructure.

The signing of this license marks the end of a rigorous assessment process by Defense and symbolizes their ongoing commitment to reducing their environmental footprint and supporting local industry. Whilst providing HMAS Stirling with a source of renewable green power, the project would also contribute to Defense and Commonwealth greenhouse gas reduction targets.

Carnegie Wave Energy Limited is an Australian, ASX-listed (CWE) wave energy technology developer. Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property.

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Naval Today Staff, July 17, 2012; Image: Carnegie Wave Technology