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carnegie wave energy ltd (CWE) Snapshot

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08/28/13 - A$0.08
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carnegie wave energy ltd (CWE) Details

Carnegie Wave Energy Ltd. develops and commercializes the CETO wave energy technology that converts ocean swell into zero-emission renewable power and desalinated freshwater worldwide. The company primarily focuses on the design and construction of the Perth Wave Energy Project located in Garden Island, Western Australia. Its projects also include the La Réunion Wave Energy Project; the Ireland Wave Energy Project; the Bermuda Wave Energy Project; the Canada Wave Energy Project; and the Desalination Project. The company is based in North Fremantle, Australia.

carnegie wave energy ltd (CWE) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$444.0K
Chief Operating Officer
Total Annual Compensation: A$229.0K
Executive Director of European Business Devel...
Total Annual Compensation: A$120.9K
Compensation as of Fiscal Year 2013.

carnegie wave energy ltd (CWE) Key Developments

Carnegie Wave Energy Limited Appoints Aidan Flynn as Joint Company Secretary

Carnegie Wave Energy Limited appointed Chief Financial Officer, Mr. Aidan Flynn, as joint Company Secretary. Mr. Flynn will share the role with current Company Secretary and non-executive Chairman, Mr. Grant Mooney. Mr. Flynn, who will remain the company's Chief Financial Officer, has over 15 years of experience in accounting and finance and the energy industry.

Carnegie Wave Energy Limited Announces Cash Flow Results for the Quarter Ended June 30, 2014

Carnegie Wave Energy Limited announced cash flow results for the quarter ended June 30, 2014. For the quarter, net operating cash flow was AUD 106,000 compared to net operating cash carried forward of AUD 10,310,000 a year ago. Payment for acquisition of physical non-current assets was AUD 64,000 compared to AUD 122,000 a year ago.

Carnegie Wave Energy Limited Provides Update on Perth Wave Energy Project

Carnegie Wave Energy Limited provide an update on its Perth Wave Energy Project as it nears its commissioning and operation phase. Progress on the assembly and pre-deployment testing is continuing at BAE Systems in Henderson south of Perth and at Carnegie's onshore project site at Garden Island in Western Australia. Current assembly and testing has been focused on the buoyant actuators, pumps, energy relief system, tethers, connectors and hydraulic pods, as well as the installation and testing of instrumentation equipment across all components of the plant and is progressing well. Henderson Planned system commissioning will now not take place at the end of Quarter 2 in the interest of installing and commissioning the system in the optimum post-winter weather period. This also allows an extended period of pre-deployment testing prior to CETO unit installation. The extension of the assembly and pre-installation testing phase will likely continue through the southern hemisphere winter which will allow CETO unit installation and any initial fault finding to occur outside of the larger winter swells.


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