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An announcement from Carnegie Clean Energy Ltd ( (AU:CCE) ) is now available.
Carnegie Clean Energy Ltd announced significant progress in its ACHIEVE Programme, securing financial backing and strengthening industry collaborations, including an extended agreement with Hewlett Packard Enterprise. The company successfully completed the design phase of its CETO wave energy technology, paving the way for its deployment in the Basque Country. These advancements highlight Carnegie’s commitment to commercializing its wave energy technologies and underline its strategic positioning within the renewable energy sector, with implications for future growth and sustainability in the market.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is involved in the development of ocean energy technologies, focusing on wave energy products for the global renewable energy market. Their primary technologies include CETO, a submerged buoy system converting ocean wave energy into zero-emission electricity, and MoorPower, designed to provide power for offshore moored vessels, especially in aquaculture, reducing reliance on diesel and cutting carbon emissions.
YTD Price Performance: -10.0%
Average Trading Volume: 57,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.91M
Learn more about CCE stock on TipRanks’ Stock Analysis page.
