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Carnegie Clean Energy Ltd ( (AU:CCE) ) has issued an update.
Carnegie Clean Energy Ltd has announced the receipt of a milestone payment under the EuropeWave Phase 3 Contract, marking progress in its ACHIEVE Programme. This payment follows the successful completion of electrical and control system testing for the CETO technology at the Biscay Marine Energy Platform in Spain. Upcoming activities include manufacturing inspections, deployment of a wave measurement buoy, and site preparations, which are crucial for the first European deployment of Carnegie’s CETO technology. The ACHIEVE Programme is a significant step in the commercialization of CETO technology, supported by funding from the Spanish and Basque governments.
More about Carnegie Clean Energy Ltd
Carnegie Clean Energy (ASX: CCE) is a technology developer focused on ocean energy technologies aimed at sustainability. The company owns and develops CETO® and MoorPower® technologies, which harness energy from ocean waves to generate electricity. With subsidiaries like Carnegie Technologies Spain and CETO Wave Energy Ireland, Carnegie employs advanced artificial intelligence and electric machines to optimize energy generation.
YTD Price Performance: 13.89%
Average Trading Volume: 158,698
Technical Sentiment Signal: Sell
Current Market Cap: A$15.01M
See more insights into CCE stock on TipRanks’ Stock Analysis page.