Design of MoorPower Commercial Pilot advances with award of €286k Blue Economy CRC Funding
26.06.2025
Carnegie Clean Energy (ASX: CCE) (“Carnegie” or the “Company”) is pleased to announce that the Blue Economy Cooperative Research Centre (Blue Economy CRC) has awarded €286.000 for Carnegie to deliver preliminary design for a commercial MoorPower System; with the funded activities aimed to unlock investment in the deployment of MoorPower on an operating feeding barge in a subsequent MoorPower Commercial Pilot Project.
Carnegie will deliver this project alongside partners Huon Aquaculture, Advanced Composite Structures Australia and the University of Tasmania and with support from specialist subcontractors.
The key Preliminary Design Project activities include:
- Scale and optimise the MoorPower system design for operating feeding barges using learnings from the successful MoorPower Scaled Demonstrator Project.
- Undertake in-depth assessment of aquaculture’s operational parameters and requirements, including existing mooring system configurations, barge movements, survey compliance requirements and more.
This project follows the successful completion of the MoorPower Scaled Demonstrator Project in 2024 and aims to deliver the required detail to unlock investment in a Commercial Pilot Project, which would be the first commercial application of the MoorPower technology in the aquaculture industry.
In parallel with the preliminary design work, Carnegie and the Blue Economy CRC will continue collaborating to secure the required investment to unlock commitment to build and operate the first commercial MoorPower system.
The Commercial MoorPower Preliminary Design Project is fully cash funded by the Blue Economy CRC with an additional in-kind contribution of approximately €356k of in-kind value provided by all the Project Partners.