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Asia

Carnegie Clean Energy Backs Opening of US Wave Energy Testing Facility

Carnegie Clean Energy (ASX:CCE) welcomed the opening of the PacWave South in Oregon, a pre-permitted, grid-connected wave energy testing facility that creates a pathway for utility-scale testing, according to a late Friday filing with the Australian bourse.The company said its Ceto technology can provide predictable underwater power that complements solar and wind while enhancing grid resilience and supporting remote communities and defense applications, per the filing.The company is progressing its international commercialization strategy through the Achieve Program at the Biscay Marine Energy Platform (BiMEP) in Europe while evaluating future full-scale deployments at BiMEP, European Marine Energy Center, and PacWave, the filing added.

ASX:CCE
Asia

Carnegie Clean Energy to Raise Around AU$2.5 Million Via Placement; Shares Hit 2.5-Year High

Carnegie Clean Energy (ASX:CCE) accepted firm commitments for a placement of fully paid ordinary shares to raise around AU$2.5 million, before costs, according to a Wednesday Australian bourse filing.The company will issue 13.9 million shares at an issue price of AU$0.18 per share. All placement shares will be issued under its placement capacity and no shareholder approval will be required.It will use the proceeds for the development of a multi-megawatt Ceto wave energy technology array at the Biscay Marine Energy Platform, business development activities in Europe and the US, the deployment and operation of Ceto via the Achieve Program, as well as for advancing the MoorPower commercial pilot.Carnegie Clean Energy's shares jumped nearly 18% in recent trading on Wednesday and earlier hit their highest since November 2023.

ASX:CCE
Asia

Carnegie Clean Energy Signs Deed of Variation to Extend Loan Maturity Date; Shares Up 3%

Carnegie Clean Energy (ASX:CCE) signed a deed of variation to extend the maturity date of the AU$2.5 million loan agreement with Ballamena ATF Ellann Finance Unit Trust to June 30, 2027, according to a Thursday filing with the Australian bourse.The funds have been used by the company's subsidiaries for procurement expenses related to the Achieve program's deployment of the CETO wave-energy technology in the Basque Country, Spain, the filing said.Shares rose nearly 3% in midday trade Thursday.

ASX:CCE

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