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Carnegie Clean Energy Limited (ASX:CCE)

ALERT: Price-sensitive ASX Announcement for CCE
Current share price for CCE : $0.220 0.162 (279.31%)+
Announcement
Release
30 Apr 2026 5:13PM
Price at Release
$0.058
Full Release
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Summary
Carnegie Clean Energy Limited (CCE) released its quarterly report for the period ending 31 March 2026, detailing financial activities and technological advancements. CCE reported cash reserves of $2.354 million and received a $568,630 rebate under the Australian R&D Tax Incentive. The company has made significant progress in its EuropeWave Phase 3 contract, receiving substantial milestone payments. The ACHIEVE Programme is advancing with plans to deploy a CETO prototype in Spain, marking a key step in CCE's commercialization efforts. The company is also working on the MoorPower Commercial Pilot and exploring market integration opportunities. Financially, CCE has secured a $2.5 million loan facility, and the report was prepared following ASX regulations.
Key Points
  • Carnegie Clean Energy Limited (CCE) issued a quarterly report for the period ended 31 March 2026.
  • The company reported cash and cash equivalents of approximately $2.354 million at the end of the quarter.
  • CCE's R&D tax incentive resulted in a rebate of $568,630 from the Australian Taxation Office.
  • Milestone payments under the EuropeWave Phase 3 contract amounted to €350,643 (approx. $613k AUD).
  • The ACHIEVE Programme focuses on the deployment of a CETO prototype at the Basque Marine Energy Platform.
  • CCE's financial activities include a $2.5 million loan facility from Ballamena Pty Ltd with a 15% interest rate.
  • CCE is progressing with the MoorPower Commercial Pilot and is in discussions with potential customers for future deployments.
  • The quarterly cash flow report was prepared in accordance with ASX Listing Rule 4.7B and Australian Accounting Standards.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.