Announcement PDF ACHIEVE Programme Objectives Validating next-generation CETO technology and its commercial potential through the 80 kW ACHIEVE demonstrator CARNEGIE CLEAN ENERGY ACHIEVE PROGRAMME CONTEXT A first-of-a-kind offshore demonstration 80 kW rated, ½ physical scale ACHIEVE CETO demonstrator unit Time invested up front To ensure a strong result, extra time is going to engineering validation, operational readiness, installation planning and integration. Meaningful performance data The aim is safe deployment and valuable real-world data from the demonstration at sea. Commercial objectives Modular, fully submerged, all-weather generation for modern markets. 02 Simple as possible, but not simpler We believe that economic solutions need high energy extraction for the capital expended. CETO balances simplicity with performance and commercial viability. AC HI E VE PROGR AM M E: DEM ONST R AT I NG CO M M ERCI AL, T ECHNIC AL AN D O PER AT IO N AL OBJECT IVES FO R CO M M ERCI AL- S C A LE CET O Six CETO objectives 01 Commercial objectives Modular, scalable and accepted due to fully submerged design 02 Energy capture Capacity factors and spatial density 03 Control system AI-enabled algorithms working in real conditions 04 Survivability and reliability Active and passive mitigation strategies in extreme seas 05 Operations and maintenance Rapid generator module swaps with minimal offshore work 06 Technology development Multi moorings, continuous depth control, rotary power conversion 03 OBJECTIVE 01 Commercial objectives ACHIEVE will validate features designed to reduce lifecycle costs, simplify deployment and maintenance, support large-scale manufacturing and maximise community support. Modular architecture Aims to ease fabrication, transport, assembly and integration using existing industrial supply chains and port infrastructure. Potential for scalable manufacturing, flexible logistics and simpler installation with smaller vessels. Fully submerged operation Operates completely beneath the surface to enhance safety in storms and avoid visual impact from shore, minimising the social licence impediment seen in offshore wind. 04 OBJECTIVE 02 · CAPACITY FACTOR Energy capture and power conversion 30–50% expected capacity factor range for future commercial scale deployments What ACHIEVE will test The power production of CETO, validating models showing commercial deployments can achieve capacity factors consistent with pre-deployment modelling. Where it applies Selected sites in Spain, Portugal, France, UK, Ireland, Australia, the United States and other comparable wave resources. Potential upside Higher capacity factors are possible as control algorithms improve. 05 Capacity factor = average production / capacity OBJECTIVE 02 · SPATIAL DENSITY More energy from a smaller footprint that’s hidden from view CETO Commercial (forecast) 30 MW/km² Offshore wind (typical) 6 MW/km² ACHIEVE energy production data will support validation of the spatial density forecasts. 06 OBJECTIVE 03 Advanced control system evaluation Algorithms designed to optimise power capture while managing structural and operational loads will be tested in the real ocean. HPE collaboration Joint work shaped the control algorithm design AI – Reinforcement learning and machine learning Controller that learns and wave predictor demonstrated Real-world data Valuable, hard-to-attain data collected and analysed 07 OBJECTIVE 04 Survivability and reliability A range of active and passive strategies are built into the CETO design and will be demonstrated. Extreme seas Survivability strategies come into play Position adjusts The system moves within the water column Output continues Integrity is maintained while still generating electricity Managing the power of the ocean has been part of CETO’s core architecture since inception. It has shaped design, control and operations and maintenance strategies. 08 OBJECTIVE 05 Operations and maintenance Maintenance within existing port infrastructure, with minimal offshore intervention. Quayside PTO swaps Power take-off and electrical modules are rapidly removed and installed at the quay Structure stays put The primary structure remains in the water, avoiding big lifts Fewer offshore needs Reduced reliance on large, specialised vessels and no divers The goal is to show that rapid and low-cost maintenance is feasible, reducing downtime and improving operational availability. 09 OBJECTIVE 06 Technology development progress 2019 Digital Development pathway A strategic step back in TRL that delivered step-change improvements. 2026 ACHIEVE Programme Demonstrating multiple moorings, rotary PTO and advanced control. 10 2015 Earlier CETO generations Prior deployments reached TRL 7/8. COMMERCIAL PATHWAY From design advances to funding TOP RANKED EUROPEWAVE PROGRAMME POSITION Design advances developed during the Digital Development Pathway unlocked CETO’s top ranking and the cornerstone funding for ACHIEVE. ACHIEVE is generating data for cost of energy assessments. The initial economic modelling was reviewed and verified by an independent expert to win EuropeWave funding. The deployment is optimised to meet multiple technical objectives within the scope and budget of ACHIEVE. 11 SUPPORTING COST OF ENERGY ASSESSMENT MARKET CONTEXT Aligned with Europe’s ocean energy goals 1 GW of installed EU ocean energy capacity by 2030 40 GW of installed EU ocean energy capacity by 2050 Carnegie is developing plans for a 6MW project at BIMEP in Spain. Business model demonstrates revenues 3-4 years prior to commercial project commissioning. Additional opportunities with Defence and Data Centres. 12 Europe remains the primary target market. Carnegie also actively engages with other jurisdictions with suitable wave resources, energy market conditions and customer requirements.