Latest News
Media Release
AGL Energy to trial Cetus Energy Hydro Turbine
System
Melbourne: February 24th 2010.
Melbourne based renewable energy firm, Cetus Energy and AGL Energy Limited(AGL), one of Australia’s
leading energy companies jointly announced today that they have signed an agreement to scope the
installation of a demonstration project at AGL’s Rubicon Valley Mountain Stream Hydro facility.
This project represents the first step toward commercialising the Cetus technology in the global Hydro
Electric market. Hydro Electricity currently represents 16% of global electricity generation.
The project will involve the scoping of a demonstration device to be installed at AGL’s Mountain Stream
Hydro facility in the Rubicon Valley in Central Victoria – one of Australia’s oldest and longest running
hydro facilities. The scoping will involve an analysis of the site and its suitability for a full installation of
Cetus technology.
Simon Marriott Cetus CEO commented, “We are excited to be making this very positive step forward.
One part of the scoping project will be installing a small Cetus device to gather sufficient data to provide
both Cetus and AGL with the confidence that the Cetus turbine technology can indeed optimise the use
of water in rivers, streams and channels for the generation of renewable energy.”
Marriott went on to say “We are both encouraged and excited that AGL, one of Australia’s most
successful and innovative energy companies has decided to partner with us to take this next step.
Having a leading Australian business support breakthrough technology sends a strong message that
renewable energy has a firm future in this country.”
Dale Blampied, AGL’s General Manager, Merchant Operations, said “Cetus approached AGL with the
opportunity to be involved with the development of a turbine technology that has the potential to
increase energy generation from renewable resources. AGL as Australia’s largest private provider of
renewable energy is pleased to be able to support innovation that has the potential to make a
significant impact on the renewable energy market.”
About Cetus Energy:
Cetus Energy (www.cetusenergy.com.au) is a Melbourne, Australia based renewable energy technology
firm which has developed the world’s only Omnidirectional blade system capable of extracting energy
from chaotic flow. The technology is currently being commercialised in the Hydro, Marine and run of the
river environments. Cetus turbines have the potential to improve the economics of Hydro electric
power through energy recovery from outfall flows and significantly increase the ability of existing hydro
facilities to produce more power from the same water resource.
About AGL:
AGL is Australia's leading renewable energy company and is Australia's largest private owner, operator
and developer of renewable generation assets.
AGL is taking action towards creating a sustainable energy future for investors, communities and
customers. AGL has major investments in hydro and wind, as well as ongoing developments in key
renewable areas including solar, geothermal, biomass, biogas and landfill gas. AGL also operates retail,
merchant energy and upstream gas businesses and has over three million customer accounts.
Listed on the Australian Securities Exchange (ASX code: AGK), AGL is an S&P/ASX 50 company. AGL has
been operating in Australia for 170 years and was one of its first listed companies. AGL was the first
Australian energy company to provide an accredited Green energy product, and was the first Australian
company to join the Chicago Climate Exchange, the world’s first carbon trading exchange. In joining the
CCX, AGL has committed to a 6% reduction in emissions, based on 1998/2001 levels. It is the only
Australian energy company which has imposed such strict carbon limits on itself. AGL commands a preeminent
position in preparation for a future carbon-constrained world. In little more than 12 months
the company has committed to invest more than $2 billion in renewable generation and has under
construction a number of wind and new hydro facilities
For Further information contact:
Simon Marriott.
Email: simon.marriott@cetusenergy.com.au
Mobile: 0419 362 874
www.cetusenergy.com.au
|
