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Carnegie Wave Energy acquires 100% interest in Energy Made Clean

Carnegie Wave Energy (CWE) is set to acquire microgrids developer Energy Made Clean (EMC) for A$13 million in cash and stock. The transaction – which...

Carnegie teams up with UWA for world’s first wave energy research project

Carnegie Wave Energy and the University of Western Australia (UWA) will soon start investigating the optimal number, size, arrangement and location of wave energy...

Australia conducts world-first trial testing of the performance and impact of wave energy farms...

A world-first trial testing of the performance and impact of wave energy farms at model scale was conducted yesterday at the Australian Maritime College (AMC). AMC,...

World’s first commercial-scale wave energy array celebrates 1 year of operation

The Australian Renewable Energy Agency (ARENA) has announced that Carnegie Wave Energy’s Perth Wave Energy Project has completed 12 months of operation. The $32 million...

Carnegie receives $1.5m milestone payment from ARENA

The Australian Renewable Energy Agency (ARENA) has granted Carnegie Wave Energy 1.5 million for the manufacture, construction and deployment of CETO units and the commissioning...
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How growth capital is helping an Australian manufacturer go global

There’s a particular kind of ingenuity that flourishes in regional Australia. Away from the noise of major business centres, founders build companies that quietly become world leaders in their field, solving deep specialised problems that global markets didn’t know could be solved. Modra Technology, based in Warragul in regional Victoria, is one of those companies.