Business energy innovation in Europe’s renewable sector has taken a further step forward as Carnegie Clean Energy’s Irish subsidiary progresses its wave power programme. CETO Wave Energy Ireland, part of Australia-based Carnegie Clean Energy, has received two EuropeWave payments totalling €350,643 after completing key manufacturing milestones under the ACHIEVE Programme.

The funding was released under the EuropeWave Phase 3 Contract, which supports the first European deployment of Carnegie’s CETO wave energy converter technology. The device will be installed at the Biscay Marine Energy Platform in the Basque Country, Spain, a strategic test site for commercial-scale marine energy systems supplying future business and utility demand.

The latest payments follow the completion of fabrication work on the buoyant actuator, mooring connectors and foundation structures. With these deliverables met, CETO Wave Energy Ireland has now drawn down 57% of its Phase 3 contract value, receiving €2.15 million from a total €3.75 million commitment.

CETO is a fully submerged, point absorber wave energy device designed to convert ocean motion into electricity. A submerged buoy sits several metres below the surface and moves with wave motion, driving a power take-off system that generates electrical output. The approach is intended to reduce visual impact while improving durability and performance in harsh marine environments.

The unit will operate at BiMEP for two years, gathering performance and reliability data critical to validating the technology and accelerating its route to commercialisation. For business energy stakeholders, the trial represents a move closer to scalable wave power that can complement offshore wind and solar within diversified renewable portfolios.

Manufacturing progress in Ireland underlines the country’s role in supporting advanced energy engineering while enabling cross-border deployment across European energy markets. 

Discover how wave energy manufacturing is moving closer to commercial deployment across Europe.

(Photo Credits to Carnegie Clean Energy)