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Carnegie Clean Energy Ltd ( (AU:CCE) ) has issued an announcement.
Carnegie Clean Energy Ltd has received $335,020 in funding from the Blue Economy Cooperative Research Centre to advance the design of its MoorPower Commercial Pilot Project. This initiative, in collaboration with partners like Huon Aquaculture and the University of Tasmania, aims to refine the MoorPower system for commercial aquaculture applications, potentially transforming energy use in the industry by replacing diesel with wave-generated power.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is a company operating in the renewable energy industry, focusing on wave energy technology. Its primary product, MoorPower, is designed to provide clean, wave-generated power for offshore aquaculture operations, aiming to replace diesel generators and reduce carbon emissions.
Average Trading Volume: 233,449
Technical Sentiment Signal: Sell
Current Market Cap: A$19.59M
For a thorough assessment of CCE stock, go to TipRanks’ Stock Analysis page.