Carnegie Clean Energy Limited (CNM1)

Overview

Carnegie Clean Energy Limited is an innovative company dedicated to harnessing the power of ocean waves to produce clean, renewable electricity. With a focus on the development and commercialization of its proprietary CETO wave energy technology, Carnegie is at the forefront of converting the untapped energy of the world's oceans into a zero-emission electrical power source. Originally established under the name Carnegie Wave Energy Limited, the company underwent a rebranding in December 2016 to better reflect its broadened focus on clean energy solutions, adopting the name Carnegie Clean Energy Limited. The company's roots trace back to its incorporation in 1987, and it has since established its headquarters in North Fremantle, Australia, positioning itself as a key player in the global renewable energy sector.

Products and Services

• CETO Wave Energy Technology:

The crown jewel of Carnegie Clean Energy's offerings is the CETO technology, a pioneering wave energy conversion system designed to generate zero-emission electricity from ocean waves. Distinct from many conventional wave energy devices, CETO is uniquely configured to operate underwater, where it is anchored to the ocean floor. This innovative setup not only minimizes visual impact but also protects the system from harsh oceanic conditions, thereby increasing its durability and operational lifespan. By capturing the immense and constant energy of waves, CETO technology offers a sustainable and environmentally friendly energy solution with the potential to significantly reduce global reliance on fossil fuels.