Located off the coast of Garden Island, in Western Australia, undulate the Carnegie Wave Energy Project's CETO 5 marine energy systems, multifunctional, floating-but-submerged vessels that produce clean drinking water and electricity.
They caught global attention by setting a world record, having been active over 14,000 hours, while also being the first array of wave power generators to be connected to an electricity grid
The Australian Renewable Energy Agency (ARENA) provided $13.1 million in funding for the $40 million project. ARENA CEO, Ivor Frischknecht, said that they are "proud to help local companies, like [Carnegie Wave Energy Limited], develop new renewable energy solutions that have the potential to change the way the world generates electricity.” He went on to say that "we do this by providing Australian innovators with the support they need during the critical RD&D period, when patient funding is essential.”
The CETO 6 is due for arrival soon, producing 1 megawatt per vessel. This is four times the output of the CETO 5.
Here is an example of floating wave technology