Carnegie, Atlantis link for marine RE

Australian wave energy technology developer Carnegie and tidal power peer Atlantis Resources have inked a collaboration deal aimed at screwing down the cost of marine renewables.

The tie-up will tackle "a range of areas" including technology and project development to cut the current price-tag for both wave and tidal generation, kicking off with a project to rework the electrical architecture of the Carnegie's near-shore hydraulics-driven Ceto device.

“Collaboration between developers in the marine energy space is both essential for progress to be continued to be made and inevitable as marine energy technologies and markets mature," says Carnegie managing director Michael Ottaviano.

Atlantis chief executive officer Tim Cornelius adds: “There are numerous synergies, both technical and commercial, that exist between wave and tidal power development and we look forward to working with Carnegie whose Ceto technology is a truly unique approach in the wave energy space.”

Carnegie is building a landmark wave energy farm off Western Australia, has a pilot project with France's EdF and DCNS off Reunion Island in the Indian Ocean and is scouting for development sites in the UK for its next generation technology, Ceto 6.

Atlantis, which recently listed on the London Stock Exchange's AIM, was last week gifted €7.7m ($10.5m) from the European Commission to support roll-out of multiple tidal turbine arrays at its 400MW MeyGen development in the Pentland Firth off northern Scotland.

It also has full-scale projects on the cards in Canada's Bay of Fundy, India's Bay of Kutch, and off China.