Carnegie Wave Energy
(ASX:CWE) has announced that its Alliance Partner, Energy Made Clean, has finished building a new Battery Energy Storage System.
This new system was installed in Alpine Energy’s Timaru Washdyke facilities in New Zealand.
The company says this Project is part of a trial to prove the financial and technical case for distributed battery storage for grid support.
The Australian energy technology developer says the Project was launched this morning by NZ’s Minister for Energy, Simon Bridges, and that this is the ‘first step’ of its international expansion strategy.
Carnegie Wave Energy reported a net loss of $12 million at 31 December 2015.
