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Carnegie Clean Energy Ltd ( (AU:CCE) ) has shared an announcement.
Carnegie Clean Energy reported continued progress across its CETO and MoorPower wave energy technologies during the quarter ended 31 March 2026. The company is preparing for the deployment of its ACHIEVE CETO unit at Spain’s Biscay Marine Energy Platform later this year, supported by a recently received A$568,630 R&D tax rebate that strengthens non-dilutive funding for ongoing development.
Key ACHIEVE workstreams have shifted from procurement into final fabrication, assembly and testing, with the electrical module fully fitted out and power take-off modules nearing completion. Carnegie also completed a Blue Economy CRC-funded preliminary design phase for a MoorPower commercial pilot and is now engaging aquaculture stakeholders, while exploring new opportunities for wave energy use in the defence sector and reinforcing its international positioning through engagement in markets such as Mauritius and the Basque Region.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is an Australian renewable energy technology company focused on wave energy solutions. Its core products include the CETO wave energy converter and the MoorPower platform, targeting applications such as grid-connected power and offshore industries, including aquaculture and potential defence sector use.
Average Trading Volume: 147,118
Technical Sentiment Signal: Sell
Current Market Cap: A$23.65M
For detailed information about CCE stock, go to TipRanks’ Stock Analysis page.