Carnegie Clean Energy (ASX: CCE) has signed a Memorandum of Understanding (MOU) with Chugachmiut to investigate developing CETO wave energy projects in the Chugach Region of Southcentral Alaska. Chugachmiut, representing seven Native tribes, seeks sustainable, cost-effective power solutions, identifying Carnegie’s CETO technology as a promising option. This agreement formalizes ongoing discussions and commitment to deploying wave energy in the region. The US Bureau of Ocean Energy Management estimates Alaska’s offshore renewable energy capacity at 3,800 gigawatts, offering a substantial opportunity to displace fossil fuels, particularly in rural areas where transportation costs are high.
Previous research by the National Renewable Energy Laboratory (NREL) indicates significant wave energy resources off Southcentral Alaska, making the region attractive for further evaluation. Carnegie and Chugachmiut will collaborate on technical and commercial aspects, including wave buoy deployments, infrastructure assessment, stakeholder engagement, and project funding acquisition. Carnegie CEO Jonathan Fievez highlighted the MOU as validation of their business model, providing wave energy technology to global renewable energy developers. Chugachmiut’s Executive Director, Angela Vanderpool, expressed excitement about potentially lowering energy costs with a clean, renewable, and sustainable energy source. The MOU is set for an initial three-year term. Carnegie’s CETO technology and Chugachmiut’s local expertise aim to unlock Alaska’s wave energy potential.
