$CWGYF is no longer just developing CETO in a lab. It is moving toward open-ocean deployment with more than €7M in in external funding behind the program.
CETO earned the
#1 ranking in EuropeWave’s competitive Phase 3 selection, from a field that began with 30+ technologies. Carnegie has a two-year BiMEP test agreement, a proposed 6MW follow-on array, and 90+ patents/pending protecting its technology.
The EU-funded €4M COIN project is using CETO as its reference device while targeting a 30% reduction in wave-energy levelized cost of energy (LCOE).
Carnegie is also gaining U.S. exposure through DOE TEAMER support.
This remains a high-risk pre-commercial company. But if ACHIEVE validates sustained perfromance in natural setting, Carnegie could quickly move from technology development into commercial projects