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Carnegie Clean Energy Limited (ASX:CCE)

ALERT: Price-sensitive ASX Announcement for CCE
Current share price for CCE : $0.175 -0.065 (-27.08%)+
Announcement
Release
29 Jul 2026 8:24AM
Price at Release
$0.240
Full Release
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Summary
Carnegie Clean Energy Limited's Quarterly Activities/Appendix 4C Cash Flow Report for the quarter ending 30 June 2026, highlighted significant advancements in the ACHIEVE programme, including the upcoming deployment of the CETO Unit in Spain and securing necessary regulatory approvals and funding. Despite reporting a net cash outflow from operations, the company secured a $2.5 million placement for further project development. Carnegie is also expanding commercial applications of its wave energy technology in various sectors, including Defense and Aquaculture, supported by awards like the US TEAMER program.
Key Points
  • Carnegie Clean Energy Limited issued a Quarterly Activities/Appendix 4C Cash Flow Report for the quarter ended 30 June 2026.
  • The ACHIEVE programme has advanced, with the CETO Unit ready for ocean deployment in October at BiMEP, Spain.
  • Carnegie secured regulatory approvals in Spain and a €64k milestone payment from EuropeWave.
  • A $2.5 million Private Placement was secured to support a multi-megawatt CETO array development.
  • Carnegie's CEO highlighted progress in the ACHIEVE programme, supported by strong commercial and financial backing.
  • The company is expanding its wave energy IP to Defense and Aquaculture markets, with a US TEAMER award for offshore aquaculture.
  • Carnegie continues to explore commercial opportunities for its MoorPower technology.
  • Financially, the company had $996k in cash at the end of the quarter and raised $2.5 million post-quarter end.
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.