Home › Posts tagged Garden Island Microgrid

Garden Island Microgrid

Carnegie raises $5.3 million for solar, battery, wave

Posted on by — No Comments ↓

Carnegie Clean Energy, a clean energy company based in Perth, have raised $5.3 million for improvements and investments in its solar, battery, and wave energy businesses.

Carnegie Clean Energy Funding Round

Carnegie Clean Energy Funding Round
Carnegie Clean Energy Funding Round (source: https://www.carnegiece.com/)

The raised funds will be invested into working capital so Carnegie is able to complete its existing projects which include wave, solar, and battery storage microgrid projects. The extra money will ‘further develop its contract and project pipelines, and to further expand the business’, according to RenewEconomy. 

Carnegie’s CEO Michael Ottoviano has been in the press a lot lately and made some comments after the successful funding round:

“We thank our shareholders for their support in the capital raise,” he said.

“We will now use this new capital and our existing funds to accelerate our businesses towards financial sustainability.”

“We have achieved this at a time when this sector is at the start of a period of rapid growth. Our ability to be innovative both technically and commercially creates the opportunity to accelerate the growth our business to achieve and sustain profitable ongoing operations within the next 12-24 months.”

Dr.Ottoviano was quoted last year discussing the increasing competitiveness of renewables:

“We are fielding an increasing number of opportunities that historically were performed by diesel or gas turbines, for which battery systems are now increasingly competitive. The CCE battery solution offers faster response time, lower operating cost, no greenhouse gas pollution, and silent operation.”

Carnegie have also been responsible for some huge solar projects in Australia (which are in various states of progress), namely:

The company was founded in 1987 as Carnegie Wave Energy but has since expanded and renamed itself after purchasing solar and battery microgrid developer Energy Made Clean. Click here to visit the Carnegie website. 

Keep an eye on CCE on the ASX! Current price is at $0.032 as per InvestSmart.

Read More Solar News:

Carnegie’s Garden Island Microgrid starts construction.

Posted on by — No Comments ↓

Carnegie Clean Energy, whose solar, battery, wave and desalination microgrid plans have been the topic of much discussion since they was announced earlier this year, have commenced construction on their 2MW Perth solar PV / battery energy storage microgrid. Carnegie’s Garden Island Microgrid (GIMG) project will be the largest embedded, grid-connected solar and battery microgrid in Australia.

About the Garden Island Microgrid

According to Carnegie’s website, Carnegie Clean Energy Limited (formerly Carnegie Wave Energy) is an “Australian, ASX-listed (ASX: CCE) developer of utility scale solar, battery, wave and hybrid energy projects.” The website notes that Carnegie is the only company in the world which has a  combination of wave, solar, wind, battery storage and desalination via microgrids.

Carnegie Clean Energy - Garden Island Microgrid
Carnegie Clean Energy – Garden Island Microgrid (source: carnegiece.com)

Using microgrid technology means the project will be able to function independently from the main power grid, and using hybrid sources of energy generation along with storage means they won’t run out of energy if the sun doesn’t shine or the wind doesn’t blow. The system will have 3MW of solar PV panels and a 2MW battery energy storage system.

Carnegie’s chief exec Michael Ottaviano was quoted earlier this year (at an energy storage conference in Sydney) discussing stand alone power systems (microgrids) – after having installed over a dozen for both Western Power and Horizon Energy. “It is just a cheaper, cleaner more secure solution than the alternative,” Ottaviano said. “The cost of technology is coming down. What was an economic driver for remotes systems, is now true for the fringe of grid and on the main grid too.”

Energy Minister Josh Frydenberg and Defence Minister Marise Payne released a joint statement which lauded the work done by Carnegie:  “The Government continues to support the work of Carnegie and we look forward to seeing how this project will inform Carnegie’s ability to provide energy security solutions at island locations in the future”.

Carnegie have inked supply agreements with the Department of Defense (in order to supply power and water (via the desalination plant) to HMAS Stirling – Australia’s biggest naval base in Perth, which is home to more than 2,300 service personnel.

Read More Solar News: