Carnegie Energy’s Major Milestone in Wave Energy

Carnegie Clean Energy Ltd (AU:CCE) has released an update.

Carnegie Clean Energy’s ACHIEVE project has cleared a critical hurdle by passing the EuropeWave Authorisation to Proceed milestone, which kick-starts significant procurement activities for their CETO wave energy converter in Spain. The successful completion of this stage gate demonstrates the company’s readiness for the next phase of the ACHIEVE Programme and unlocks a milestone payment of approximately €168,000. The company celebrates this achievement as a major step towards CETO’s commercialization and grid-connected renewable electricity generation in the Basque Country.

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