Carnegie Clean Energy completes US listing onto OTCQB
Carnegie Clean Energy (ASX:CCE) is pleased to announce that the company is now dual listed, trading in the US on OTC Markets Group’s OTCQB market under the stock ticker CWGYF.
Trading on the OTCQB market provides efficient, real-time access for institutional and retail investors in North America in US dollars.
OTCQB is a New York based institutional trading platform with deep liquidity and capital market partnerships including research, market making, data platforms and investor relations providers.
Trading and information flow through the OTCQB platform will allow the company to engage with renewable energy focussed investors in the US in a targeted and meaningful way.
Additional benefits include potential for increased liquidity and access to capital in the US.
CCE’s primary listing remains the ASX, with shares now having a secondary listing in the US, as well as the existing secondary listing in Europe.
MoorPower Demonstrator Successfully Deployed and Operating
• Carnegie’s MoorPower technology has been successfully deployed and has commenced operations at Carnegie’s offshore test site at North Fremantle, WA
• This Blue Economy CRC supported MoorPower Scaled Demonstrator Project includes industry partners including leading Australian aquaculture companies Huon and Tassal, as potential first adopters of the technology
• MoorPower delivers onboard electricity generation that can reduce current reliance on diesel generators in offshore operations, cutting carbon emissions, minimising risk and reducing energy costs
• The MoorPower Demonstrator deployment will deliver validation of the technology in advance of commercial rollout in aquaculture and other offshore industries
• The MoorPower Module works on the same principle as the CETO Power Take Off (PTO), but on the surface and at a smaller scale, so learnings are transferable to Carnegie’s projects in Europe
Carnegie Clean Energy and CEO Jonathan Fievez have garnered attention on the front pages of Business in The Sydney Morning Herald and The Age. The coverage delves into Fievez’s insights on how the company’s ocean energy technology is gaining traction in Europe.
In an interview with Simon Johanson, Fievez shared his optimism about the progress Carnegie Clean Energy is making in the field of ocean energy. He discussed the national opportunities available for harnessing clean energy resources, emphasizing the company’s commitment to sustainable advancements.
“We will be extracting energy from waves on a large scale. It’s just a question of when,”
Carnegie Clean Energy’s subsidiary, CETO Wave Energy Ireland, has been awarded funding to the value of €1.2m ($1.9m) through the RENMARINAS DEMOS Program in funding by the Spanish Government. This program, established by Spain’s Ministry for Ecological Transition and the Demographic Challenge, aims to support investments in marine renewables.
The AGUAMARINA funding complements the EuropeWave contract for the ACHIEVE Project and enables additional activities to be delivered for this key CETO deployment in Europe. Ultimately this funding improves and de-risks the activities whilst supporting Carnegie’s ambition for this deployment to unlock the commercial roll out of the technology globally. These funds from AGUAMARINA enhance and extend the activities associated with the CETO deployment at BiMEP and supports collaboration with the site operators, BiMEP. This includes:
Extended CETO Operational Period: ACHIEVE funds the first year of operations and AGUAMARINA will fund a second year of operations.
Enhanced Wave Prediction Capabilities: The advanced control capability of CETO is enabled by a wave predictor able to forecast the waves impacting the device with a high accuracy at a short prediction horizon. Planned wave prediction activities will be enhanced.
Local Infrastructure: Development of new infrastructures for the test site such as foundations that will be used for the anchoring of the CETO device and a new dynamic electrical cable to connect the CETO device to the existing electrical infrastructure at BiMEP.
Local Knowledge: Collaboration with BiMEP to perform environmental surveys and deliver knowledge dissemination activity through the life of the Project.
Local Operations and Maintenance: Collaboration with BiMEP during the two years of deployment of the CETO device around operations and maintenance of wave energy
Carnegie Clean Energy, recently welcomed Gary Gray AO, Australia’s Ambassador to Ireland, for an insightful visit to its headquarters in Fremantle. The visit provided an opportunity for Mr. Gray AO to explore the company’s state-of-the-art clean energy technologies and witness firsthand the progress at the onshore testing facility.
During the visit, Jonathan Fievez, CEO of Carnegie Clean Energy, guided Mr. Gray AO through an overview of the innovative projects, emphasiing the company’s commitment to advancing clean energy solutions. One of the key highlights of the visit was the discussion surrounding Ireland’s west coast, renowned for its world-class wave energy resources. Carnegie Clean Energy seized the occasion to emphasise the potential of wave energy as a new, indigenous source of clean energy for the Irish grid. Aligning with the company’s dedication to fostering sustainable practices and contributing to a cleaner, greener future.
Carnegie Clean Energy Ltd (ASX: CCE) is pleased to announce the successful award of €45,238 in funding to its wholly owned subsidiary, CETO Wave Energy Ireland (CWEI), for its integral role as an industry partner in the WECHULL+ Project. This initiative, led by the Research Institute of Sweden (RISE), is dedicated to the investigation and testing of an innovative concrete material specifically tailored for application in wave energy converters (WECs).
The project, funded by the Sustainable Energy Authority Ireland (SEAI) under the European Clean Energy Transition Partnership (CETP), brings together a consortium of European entities, including Delft University of Technology (Netherlands), Ocean Harvesting Technologies (Sweden), Gdansk University of Technology (Poland), SolarDuck (Netherlands), Plataforma Oceánica de Canarias (Spain), Pekebex (Poland), and CWEI. The collaboration seeks to minimize the environmental impact of materials, enhance WEC hull manufacturing, scale up production, and reduce costs.
RISE will lead the consortium, which will leverage the technical and research expertise of all partners, with CWEI offering both funded and in-kind support. CWEI has signed the Funding Agreement with SEAI and the Consortium Agreement with the WECHULL+ Consortium, marking the official commencement of the project.
CWEI’s funding will empower the subsidiary to provide technical advice based on the application of the novel concrete material to CETO technology. The project will be instrumental in developing alternative materials for future deployments of CETO, Carnegie’s proprietary wave energy converter.
“A CETO buoy made of concrete rather than steel has the potential to be cheaper, easier to manufacture in remote locations, require zero maintenance and last longer than the life of the project. We are excited about the opportunity to contribute to the WECHULL+ Project which will work toward these outcomes with a novel, sustainable concrete” – Jonathan Fiévez, CEO
This strategic initiative aligns with Carnegie Clean Energy’s commitment to advancing ocean energy technologies and underscores its position as a leader in sustainable energy solutions.
