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The latest announcement is out from Carnegie Clean Energy Ltd ( (AU:CCE) ).
Carnegie Clean Energy Ltd announced that its subsidiary, CETO Wave Energy Ireland, received milestone payments totaling €290,855 under the EuropeWave Phase 3 Contract, part of its ACHIEVE Programme. These payments were for completing key deliverables, including procurement activities and the installation of Sofar Ocean wave buoys at the Biscay Marine Energy Platform (BiMEP) in Spain. The deployment of these buoys will provide valuable data for the ACHIEVE Programme and future projects, marking a significant step in the commercialization of Carnegie’s CETO technology.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy (ASX: CCE) is a technology developer focused on delivering ocean energy technologies to enhance sustainability. It owns and develops the CETO® and MoorPower® technologies, which harness energy from ocean waves to generate electricity. The company leverages artificial intelligence and electric machines to optimize energy generation and has a history of leading developments in ocean energy.
YTD Price Performance: 52.78%
Average Trading Volume: 212,385
Technical Sentiment Signal: Hold
Current Market Cap: A$20.14M
Learn more about CCE stock on TipRanks’ Stock Analysis page.