Carnegie Clean Energy secures berth reservation for wave energy technology

CETO Wave Energy Ireland has signed an assignment agreement related to the berth reservation agreement between the Biscay Marine Energy Platform S.A. (BiMEP) and Wave Energy Scotland Limited.

CETO Wave Energy Ireland is a wholly owned subsidiary of Carnegie Clean Energy, which said this is a major milestone on the path to commercializing its CETO wave energy technology.

The new assignment agreement assigns the rights secured by Wave Energy Scotland, on behalf of the EuropeWave Buyers Group, to CETO Wave Energy Ireland as one of the successful Phase 3 Contractors.

The 2025 deployment of CETO at BiMEP marks a significant step forward for wave energy as a part of its future renewable energy systems, Carnegie Clean Energy said. BiMEP is known for its challenging sea conditions, making it the ideal environment to demonstrate CETO’s ability to generate consistent, reliable energy while withstanding powerful ocean forces.

Carnegie earned the preferential choice of berth reservation by achieving the highest rating for its bid in Phase 3 of EuropeWave PCP Programme. BiMEP’s infrastructure, including subsea cables and grid connectivity, ensures Carnegie can validate its technology and contribute to the Basque Country’s decarbonization targets.

“Our berth access at BiMEP provides an exciting opportunity for CETO to demonstrate its performance and reliability in a wide variety of sea states,” said Carnegie Chief Executive Officer Jonathan Fievez. “While BiMEP’s challenging sea states present a rigorous test, they are precisely the reason we chose this location. Our CETO technology is uniquely designed to continue to generate electricity in powerful ocean conditions by operating at a safe depth, strategies critical to generating reliable energy for the grid. Successfully demonstrating our technology’s performance in a challenging environment is key to validating its robustness and storm survival strategies. The facilities at BiMEP are world class and we are excited about working with the BiMEP team.”