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Carnegie Wave Wins Australian Grant to Develop Seawater Project

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Feb. 28 (Bloomberg) -- Carnegie Wave Energy Ltd., an Australian marine technology developer, won a A$1.3 million ($1.3 million) grant from the government to built a seawater desalination project powered by wave energy.

The funds from Australia’s Clean Technology Innovation Program will help develop a A$2.5 million pilot plant in Western Australia to produce fresh water, Perth-based Carnegie Wave said today in a statement.

Carnegie Wave plans to show that “wave energy-driven seawater desalination has the potential to significantly and sustainably reduce the amount of electricity consumed,” according to the statement.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Andrew Hobbs at ahobbs4@bloomberg.net

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