Carnegie Wave Energy Limited (CWE) has received $937,200 for completion of two milestones from the Western Australian State Government and has submitted $1,043,127 in payment claims to the Australian Government.
The milestone payments were awarded for Carnegie’s progress including the testing and delivery of pipeline materials and advancement of the manufacturing of CETO units.
The company has submitted milestone payment claims worth $1,043,127 for the completion of these milestones to the Australian Government under its grant from the Australian Renewable Energy Agency (ARENA) Emerging Renewables Program.
Press release, February 17, 2014; Image: Carnegie Wave Energy