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Carnegie Advances ACHIEVE CETO Wave Energy Deployment at BiMEP

Story Highlights
  • Carnegie Clean Energy has advanced its ACHIEVE Programme, moving the scaled CETO wave unit for BiMEP into final stages of fabrication, assembly and testing.
  • The company completed the Electrical Module fit-out and key power take-off components using Basque suppliers, preparing for full system testing and offshore deployment later this year.
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Carnegie Advances ACHIEVE CETO Wave Energy Deployment at BiMEP

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Carnegie Clean Energy Ltd ( (AU:CCE) ) has provided an update.

Carnegie Clean Energy has reported significant progress on its ACHIEVE Programme, which will deploy a scaled CETO wave energy unit at the Biscay Marine Energy Platform in Spain. The company has shifted key workstreams from procurement into final fabrication, assembly and testing as it prepares for deployment, commissioning and grid connection later in the year.

Recent work has included fabrication, manufacture, integration and testing of major CETO components and subsystems, as well as preparations for full power take-off system testing and coordination with offshore deployment contractors. Carnegie has completed the fabrication and fit-out of the Electrical Module, described as the “brain” of the unit, and successfully manufactured critical power take-off elements such as the main drum, sheaves and tensioner parts using local Basque suppliers, underscoring both project maturity and regional supply-chain engagement.

More about Carnegie Clean Energy Ltd

Carnegie Clean Energy Ltd is an Australian renewable energy technology company focused on the development and commercialisation of its CETO wave energy technology. The company targets utility-scale marine energy projects, working with European and Basque Country stakeholders to advance grid-connected wave power solutions.

Average Trading Volume: 152,211

Technical Sentiment Signal: Sell

Current Market Cap: A$24.06M

For a thorough assessment of CCE stock, go to TipRanks’ Stock Analysis page.

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