Carnegie Clean Energy, Spain, has received a €2.1 million grant from the Basque Energy Agency (EVE) to develop the production of CETO wave energy devices, bringing the total funding for the project to €7.05 million.
The project will be implemented at the Basque Offshore Energy Platform (BiMEP) in the Basque Country, an autonomous community in Spain, on the coast of the Bay of Biscay, Offshore Energy reports.
It is noted that the project also received €3.75 million from the EuropeWave wave energy research and development program and €1.2 million from the European Renmarinas Demos program.
This regional support is expected to facilitate the local production of CETO floating devices and the improvement of the mooring system. Additional funds will be directed to the implementation of the technology.
The article emphasized that support from EVE will help increase local production in the Basque Country, reduce technical and financial risks. And it will also open up and accelerate opportunities for commercial projects of CETO technology.
"This support accelerates our technological progress and underscores the Basque Country's commitment to renewable energy innovation and local economic prosperity," said Carnegie CEO Jonathan Fives.
He added that the deployment of CETO will contribute to the achievement of the EU's ocean energy and energy goals, as well as energy independence.
Earlier, EcoPolitic wrote, that a pilot Seaworthy platform will be built in Spain on the coast of Las Palmas, which will consist of a 4.3 MW wind turbine, a 0.8 MW wave energy converter, and a green hydrogen production and storage facility.
As EcoPolitic previously reported, the California State Senate unanimously approved SB 605, which will ensure the development of wave and tidal energy as a new source of renewable energy.
