Antinuclear

The wave energy firm will work with Lanka Energy Conservation to identify opportunities and development pathways for its technology on the island nation.

Specifically the two companies will examine opportunities to enable CETO wave farms to be integrated into the existing or new power infrastructure to supply clean power and freshwater.

Carnegie’s chief operating officer Greg Allen said the company had made significant progress in its entry into the “small island” market this year.

“The signing of this MOU provides us with another opportunity to provide services to explore the possibility of incorporating CETO, along with microgrid solutions, to enable high penetration of renewable energy, displacing imported diesel,” he said.

Mr Allen said island nations were assessing clean, cost effective, alternative energy solutions to remove their reliance on electricity generated using imported fossil fuels.

“These imported fossil fuels come at a high cost, do not provide energy security and have a significant environmental footprint,” he said.

“Carnegie presents an effective clean energy alternative that can provide a solution for island and fringe of grid communities globally.” Lanka Energy Conservation chairman and managing director Dammica Wickramaratne said Sri Lanka showed good potential for wave, solar and wind energy power.