February 2011 - MRIA · Copyright Carnegie Wave Energy Limited 2011 Concept Development Proof of Concept Pilot Plant (1/3rd Scale) 1st Commercial Project(s) 1999 2013 Scale models

© Copyright Carnegie Wave Energy Limited 2011

February 2011

Kieran O’Brien

Copyright Carnegie Wave Energy Limited 2011

CETO Simplifies Sub-Sea Equipment & Utilises “Off The Shelf” Technology


• Global owner & developer of ‘CETO’ wave energy technology

• ASX-listed (CWE), $80m Market Cap, Zero debt

• Own & manage CETO global IP portfolio

• 25+ engineering, commercial and administration staff

• Corporate Headquarters - Perth, Australia

• Dedicated Wave Energy Research Facility -Fremantle, Western Australia

• Commercialising CETO through flexible business model;

– “Build Own Operate”, JV’s & Licencing

– Provide O&M services to CETO facilities

• JV Licence Agreement with EDF EN

Carnegie Wave Energy


CETO is Unique in the Wave Energy Industry


Carnegie Wave Energy


• Simple pumping system, electrical generation onshore

• Flexible variety of water depths, swell directions, tides & seafloor conditions

• Storm survivabilityenergy management systems & fully submerged

• Minimal environmental impactno visual impact, attracts marine life

• Scalablemodular array design

• Proven at scale in-oceandeveloped over 10 years, in ocean at 1/3rd scale

• Direct desalinationzero-emission freshwater co-production

CETO Wave Technology Advantages


• Northern Hemisphere licensee & JV development partner

• $5m French Govt. funding for Stage 1 Reunion Island project

Carnegie’s World Class Relationships

• MoU for Perth project collaboration and offtake

• Feasibility study for U.S. Naval Communications base

• Grant of $12.5 million for Perth project

• Desalination research project awarded funding

• Grant of $2 million for Canadian project

• MoU to negotiate power purchase from Perth project

• Collaboration agreement & concept funding for a 5MW Irish

CETO project

http://www.defence.gov.au/

http://www.seai.ie/


Fremantle Wave Research Facility


Fremantle Wave Research Facility


C3, H=2,T=7,5_regular_wave1

Advanced Computational Modelling


Energy Limitation

100%

50%

150%

200%

250%

% D

es

ign


Ocean Deployment


Concept

Development

Proof of Concept

Pilot Plant

(1/3rd Scale)

1st Commercial

Project(s)1999

2013

Scale models & wave tank testing

Prototype producing zero-emission power and desalinated water

Commercial scale grid connected project of 2-5MW

Commercial projects (Ireland, Reunion Island)

Commercial

Project

Commercial

Rollout

Commercial Unit

Demonstration

2003

2006

2009

2011

Commercial scale unit demonstrationMultiple,

commercial design units generating power

Significant De-risking Over Last 4 Years & Major Milestones in Next 18 Months


Garden Island - Site Schematic


BA Fabrication: September 2010


CETO3 Unit – Buoyant Actuator


CETO3 Unit - Tether


Tether: from Portugal Aug 2010


CETO3 Unit - Pump


CETO3 Unit – AttachmentLayered Elastomeric Component


CETO3 Unit - Foundation


CETO3 Unit – Hydraulic Skid


Wet-mateable Ethernet


CETO3 Installation and Deployment

Jack-up rig installing foundation off Garden Island Foundation inspection, Garden Island Wave monitoring buoy off Garden Island

Barge engaged for installation works

Communications buoy ready for deployment off Garden Island


Commercial Test Program

Component

Test (FAT)

Onshore Testing

Offshore Testing

Oct 2010

Results

• manufacturability of design

• design specification met

• components delivered

Q 1, 2011

Results

• hydraulic system assembly & commission

• verify hydraulic system performance

• mobilised for deployment

Results

• offshore deployment & retrieval

• successful functional operation

• validate CETO capacity


CETO3 Buoy In-Ocean Testing


CETO3 Pump Onshore Testing


• Flora and fauna surveys, acoustic surveys, environmental monitoring and reporting

• Detailed environmental management plan

• Approvals and permits

• Detailed safety management complete including emergency response plans

• Key stakeholder briefing sessions held

Environment and Approvals


Intellectual Property – Core Focus,

CWE Owns (100%) & Manages CETO Global IP Portfolio

• Carnegie invests significant resources

in the maintenance of an intellectual

property portfolio, including a full-time

IP manager on staff, and views the

creation and protection of IP as a core

competency.

• Approximately 65 patents granted and

applied for globally.

• A recently completed Independent

Expert's Report by Global IP Services

described this investment as having…

"…created significant IP barriers to

entry, and provides Carnegie…with

a strong, global capacity to leverage

its CETO IP and successfully

commercialize this technology..."

[Patent Exhibit] – Wave Energy Conversion


• Research project with National Centre for Excellence in Desalination,

including government funding

• Only wave energy company in the world to have produced desalinated

water from wave energy technology

• Rapid increase in desalination plant usage and increasingly mandated

to be 100% renewable

• Geographical alignment of wave resources and desalination markets

Former Australian Prime

Minister John Howard,

Fremantle Wave Energy

Facility

CETO Ideally Suited for Desalination, Government-Funded R&D Project Underway


High feed in tariff's 200-400 $/MWh, RET/REC/ROC, Carbon Price, Funding, Government Grant awarded

EDF EN Head Quarters

Carnegie has Developed a Targeted Global Project Pipeline


CWE Ireland

$2m Government Grant awarded, Government support

Energy shortage, REC, CER’s, Government Program on Wave Energy, Transmission Incentives

Attractive Wave Energy Levels

CETO Development Sites

CETO Investigation Sites

Attractive Desalination Markets

Carnegie Corporate Head Quarters &Wave Energy Research Facility

RET, $13m Govt grants awarded, Desal. project

Island tariff, $5m Government Grant awarded

CETO DevCo Head Quarters


• Demonstrate &

independently verify

commercial CETO unit

• Commercial

demonstration project

development

• CETO desalination

technology project

• European & American

commercial site

development

2011 Milestones


END

Documents

February 2011 - MRIA · Copyright Carnegie Wave Energy Limited 2011 Concept Development Proof of Concept Pilot Plant (1/3rd Scale) 1st Commercial Project(s) 1999 2013 Scale models