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Carnegie Clean Energy Ltd ( (AU:CCE) ) has provided an update.
Carnegie Clean Energy has signed a Memorandum of Understanding with the Biscay Marine Energy Platform to develop a 6MW CETO wave energy array in the Basque Country, marking a significant step in the commercialisation of its wave energy technology. This project will leverage Carnegie’s existing relationships and infrastructure in the region, aiming to demonstrate the commercial viability of CETO units on a larger scale and strengthen the company’s position in the renewable energy market.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is a company operating in the renewable energy sector, focusing on the development and commercialization of wave energy technology. Its primary product is the CETO wave energy unit, which is designed to harness energy from ocean waves. The company is actively expanding its market presence in Europe, particularly in regions with rich wave resources.
YTD Price Performance: 52.78%
Average Trading Volume: 212,953
Technical Sentiment Signal: Hold
Current Market Cap: A$20.14M
Learn more about CCE stock on TipRanks’ Stock Analysis page.