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Carnegie Clean Energy Ltd ( (AU:CCE) ) has provided an update.
Carnegie Clean Energy Ltd has made significant progress in the development and commercialization of its wave energy technologies, CETO and MoorPower, during the quarter ending June 30, 2025. The company has commenced the development of a 6MW CETO wave energy array and signed strategic MOUs with BiMEP and Chugachmiut for potential projects in Europe and Alaska. Additionally, Carnegie has advanced its ACHIEVE Programme with key partnerships and received substantial funding to support its first CETO deployment in Europe. These developments position Carnegie at a pivotal point with promising potential for future growth and impact in the renewable energy sector.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd specializes in developing ocean energy technologies aimed at creating sustainable energy solutions. The company offers advanced wave energy products, particularly the CETO and MoorPower technologies, targeting the global renewable energy markets. The CETO system harnesses energy from ocean waves to produce zero-emission electricity, while MoorPower provides power for offshore moored vessels, reducing reliance on diesel generators.
Average Trading Volume: 219,816
Technical Sentiment Signal: Hold
Current Market Cap: A$19.41M
See more data about CCE stock on TipRanks’ Stock Analysis page.