Adelaide Advertiser
Friday 22/2/2008 Page: 71
WAVE energy developer Carnegie Corporation has acquired two more clean technologies to diversify its investments in the growing clean technology sector. "The acquisitions allow us to meet our goal to own a diverse pipeline of technology development, the face of which is CETO, or Cylindrical Energy Transfer Oscillating," MD Michael Ottaviano said.
A new solar thermal technology, which is still in its early days, will collect energy from the sun and store it as heat in a low-cost storage solution to be used for subsequent power generation. The wind energy technology, when developed, will help improve wind-flow around the aerofoil or blade of the turbine for more efficient energy generation. Shares rose 5c to 31c.
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