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Carnegie Clean Energy Ltd ( (AU:CCE) ) has issued an update.
Carnegie Clean Energy Ltd has announced a significant partnership with SKF, a global leader in rotating equipment, to advance the commercialisation of its CETO wave energy technology. This collaboration involves the design and manufacture of Power Take-Off units for the ACHIEVE Programme, marking a strategic step in Carnegie’s efforts to maintain its position as a leading wave energy solution provider. The partnership with SKF, which has a strong presence in the ocean energy sector, is expected to enhance Carnegie’s supply chain and support its long-term commercialisation goals, contributing to the global shift towards clean energy.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is a technology developer focused on delivering ocean energy technologies to promote sustainability. The company owns and develops the CETO and MoorPower technologies, which harness ocean wave energy to generate electricity efficiently. With subsidiaries in Spain and Ireland, Carnegie leverages artificial intelligence and electric machines to optimize energy capture and conversion.
Average Trading Volume: 115,256
Technical Sentiment Signal: Sell
Current Market Cap: A$14.65M
For a thorough assessment of CCE stock, go to TipRanks’ Stock Analysis page.