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An announcement from Carnegie Clean Energy Ltd ( (AU:CCE) ) is now available.
Carnegie Clean Energy Ltd has been selected as the key technology partner in the €4 million COIN project, funded by the European Commission under the Horizon Europe Programme. The project aims to enhance the reliability and sustainability of wave energy farms through innovations like AI-enhanced wave prediction and digital-twin technology, with Carnegie’s CETO technology serving as the reference platform. This initiative not only strengthens Carnegie’s industry position but also supports its commercialisation pathway without incurring costs, as the company will receive €383k for its contributions.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd operates in the renewable energy industry, focusing on wave energy technology. Its primary product is the CETO wave energy converter, which is designed to harness ocean energy. The company is committed to advancing wave energy solutions and has partnerships with organizations like Quoceant and Hewlett-Packard Enterprise to develop commercial-scale components.
Average Trading Volume: 184,172
Technical Sentiment Signal: Hold
Current Market Cap: A$21.24M
For a thorough assessment of CCE stock, go to TipRanks’ Stock Analysis page.