Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — EuropeWave Conference 2023
15 slides from Carnegie Clean Energy's conference presentation, Mar 29, 2023
Slide 1: Carnegie Presentation at EuropeWave Conference
ASX ANNOUNCEMENT 29 March 2023 Carnegie Presentation at EuropeWave Conference For personal use only Carnegie Clean Energy (ASX: CCE) (“Carnegie” or the “Company”) is pleased to announce that it delivered a presentation at the second annual EuropeWave conference in Brussels, Belgium (28/03/2023). The
Slide 2: About EuropeWave PCP and Carnegie
Following the conclusion of Phase 2, another rigorous selection process will be conducted, with three companies out of the remaining five selected for Phase 3. Carnegie will keep shareholders informed For personal use only of its progress throughout 2023. This announcement has been authorised by the
Slide 3: ACHIEVE: Advanced CETO for High Impact and Efficiency Validation in Europe
For personal use only ACHIEVE Advanced CETO for High Impact and Efficiency Validation in Europe Miguel Santos-Herran Project Manager CETO Wave Energy Ireland
Slide 4: CETO Technology – Key Features
CETO Technology – Key Features For personal use only • Point Absorber • Axisymmetric Buoyant Actuator Power Take Off • Captures wave energy and houses PTO • Converts the mechanical energy • Fully submerged with no visual impact captured by the Buoyant Actuator • Symmetrical design allows operation i
Slide 5: CETO Technology – Key Features
CETO Technology – Key Features For personal use only This Project has received funding from the European Union’s Horizon 2020 Research and Innovation programme under grant agreement 883751
Slide 6: CETO Technology – Key Innovations: Advanced Controller
CETO Technology – Key Innovations For personal use only Advanced Controller Advanced Controller • Reinforcement Learning (RL) and Model Predictive Control (MPC) developed for CETO System state Includes wave predictor Objective function • developed by Carnegie and Control Action tested at IHC Wave se
Slide 7: CETO Technology – Key Innovations: Rotary Electric PTO
CETO Technology – Key Innovations For personal use only Rotary Electric PTO • Belt wraps on a drum driving mooring tensioner and electrical drive train • Allows direct control of the force applied in each mooring enabling advanced controllers • Offers direct energy conversion, leading to excellent e
Slide 8: CETO Technology - Key target applications
CETO Technology - Key target applications For personal use only Remote & Islands Demand Applications Utility Scale High electricity tariff Low electricity tariff High carbon (diesel) intensity and hard to abate Highly competitive Potential value for additional benefits Enormous market size Limited s
Slide 9: Phase 1 Outline of Activities and Project Team
Phase 1 - Outline of activities and Project Team use only WP 1 WP2 WP3 WP4 WP5 WP6 WP7 WP8 Project Concept Num. Model Tank Testing Operational Technology Financial Certification Mngt Design Validation Planning Roadmap Modelling Pathway personalConsortium Leading Leading Supporting Supporting Leading
Slide 10: Phase 1 Learnings
Phase 1 learnings For personal use only • Solid project base established with a thorough Basis of Design • System Architecture suitable for BiMEP and EMEC • Effective mitigations for yaw instability uncovered during phase 1 • Advanced controller fixed, ready to demonstrate superior performance in ta
Slide 11: Phase 1 Learnings (continued)
Phase 1 learnings For personal use only • Excellent progress on Components Design, supplier engagement ramping up in phase 2 • Unique Survival Strategy, solving fundamental WEC challenge: peak/average • Validated Numerical Models used to confirm Performance • Clear O&M plans based on extensive opera
Slide 12: Phase 2 - Outline of Activities and Project Team
Phase 2 Activities WP 1 WP2 WP3 WP4 WP5 WP6 WP7 WP8 Project FEED Numerical Tank Testing PTO Testing Operational Financial Certification and Team Phase 2 - Outline of activities and Project Team Mngt Modelling Planning Modelling Pathway Leading Leading Leading Supporting Leading Leading Supporting Su
Slide 13: Phase 2 Objectives
Phase 2 objectives For personal use only • Completion of FEED for all main subsystems • Validation of the refined numerical models • Successful testing of the advanced controls in tank • Successful testing of survivability capabilities in tank • Successful testing of the PTO (Mooring Tensioner, belt
Slide 14: Phase 2 Most Relevant Progress
Phase 2 most relevant progress For personal use only • Progressed on the FEED: BA update, Mooring Connector, secondary mooring, … • Improved system architecture and control have overcome potential yawing issues • Good progress on RL implementation by HPE • Tank testing in progress at IHC (controls +
Slide 15: EuropeWave contact details
EUROPE [2 www.europewaveeu WF @Europewave.£U )_info@europewave.eu This project has received funding from the European Union's Horizon 2020 research and Innovation programme under grant agreement 883751.