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Carnegie Clean Energy Ltd ( (AU:CCE) ) has provided an update.
Carnegie Clean Energy Ltd has successfully raised $2.116 million through a Share Purchase Plan, which will fund key projects such as the development of a 6 MW CETO Array in Europe and the MoorPower Commercial Pilot. These initiatives aim to advance the commercialization of Carnegie’s wave energy technologies, enhancing its global presence and project pipeline. The funds will also support business development efforts in Europe, the United States, and Australia, along with general operating costs.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy (ASX: CCE) 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 energy from ocean waves to generate electricity. Carnegie employs the latest advances in artificial intelligence and electric machines to optimize energy generation, and it has a history of leading developments in ocean energy.
Average Trading Volume: 181,975
Technical Sentiment Signal: Hold
Current Market Cap: A$21.24M
See more insights into CCE stock on TipRanks’ Stock Analysis page.