Carnegie Wave Energy Limited is engaged in the development and commercialization of the cylindrical energy transfer oscillating (CETO) wave energy technology. The Company's technology converts ocean swell into renewable power and desalinated freshwater. Its CETO system operates under water, which include submerged buoys drive pumps and generators that are contained offshore, within the buoy. Its Wave Energy Research Facility is located at Fremantle, and consists of an onshore and offshore test facility. Its offshore test site connected through pipeline, hydraulic hoses, power and instrumentation cables to onshore facility. Its products and services include CETO Pre Concept Study, CETO Concept Feasibility Study and CETO FEED (Front End Engineering Design) Wave Farm Study. Its projects include Perth Wave Energy Project, which is located on Garden Island, south of Perth in Western Australia; CETO 6-Garden Island, which is located on offshore of Garden Island, and CETO 6-WaveHub (UK).