Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Carnegie Clean Energy Ltd ( (AU:CCE) ) has issued an announcement.
Carnegie Clean Energy Ltd has provided an update on its ACHIEVE Programme, which involves deploying a CETO unit at the Biscay Marine Energy Platform in the Basque Country. The company has made significant progress in various areas, including fabrication, manufacturing, and site preparation, although some delays have occurred due to market conditions and supplier challenges. Despite these setbacks, Carnegie is working closely with partners like SKF to optimize the performance and reliability of its CETO technology. The delays have impacted the deployment timeline, initially targeted for 2025, but the company is using this time to enhance its technical and commercial objectives. Pre-deployment activities have already started to prepare the site for the CETO unit, with new wave buoys being deployed to provide real-time data.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy Ltd is a company operating in the renewable energy industry, focusing on the development and deployment of wave energy technology. Its primary product is the CETO wave energy unit, and the company is actively engaged in projects that leverage regional, national, and European support to advance marine energy solutions.
Average Trading Volume: 213,316
Technical Sentiment Signal: Hold
Current Market Cap: A$19.41M
Find detailed analytics on CCE stock on TipRanks’ Stock Analysis page.