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Carnegie Clean Energy Ltd ( (AU:CCE) ) just unveiled an update.
Carnegie Clean Energy Ltd has announced a $3 million Share Purchase Plan (SPP) to fund the development of its 6 MW CETO project at BiMEP in Spain, business development activities in Europe and the US, and the MoorPower Commercial Pilot. The SPP offers shares at a 20% discount and aims to support the commercialization of Carnegie’s wave energy technologies, aligning with the EU’s renewable energy targets. The initiative reflects Carnegie’s strategic positioning in the growing ocean energy market, leveraging significant technological and commercial progress to attract funding and engage future customers.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is a company operating in the renewable energy industry, focusing on wave energy technologies. Its primary products include the CETO wave energy technology, and it is actively involved in projects aimed at commercializing wave energy solutions. The company is targeting markets in Europe, the United States, and Australia, with a focus on developing ocean energy projects.
YTD Price Performance: 86.11%
Average Trading Volume: 239,211
Technical Sentiment Signal: Hold
Current Market Cap: A$24.54M
For detailed information about CCE stock, go to TipRanks’ Stock Analysis page.