Carnegie Clean Energy (ASX: CCE) — Company Overview, News & Financial Data
Carnegie Clean Energy is an Australian wave energy technology developer focused on the design, development, and commercialization of ocean energy systems.
Carnegie Clean Energy
Carnegie Clean Energy is an Australian wave energy technology developer focused on the design, development, and commercialization of ocean energy systems. The company owns and develops the proprietary CETO wave energy converter technology, which captures energy from ocean waves and converts it into grid-ready electricity. Carnegie utilizes advanced artificial intelligence, reinforcement learning controllers, and electric machines to optimize device performance and power generation. Its project portfolio includes the CETO submerged point absorber system, the MoorPower technology for moored vessels, and wave forecasting predictors. Operating across Australia, Spain, and Ireland, the company collaborates with global research institutions and commercial partners to deploy wave energy solutions.
Snapshot
Operations
Products and/or services of Carnegie Clean Energy
- Submerged Wave Energy Converters: Design and development of fully submerged point absorber wave energy devices that capture ocean wave motion beneath the surface and convert hydraulic and mechanical kinetic energy into clean electricity for onshore grid supply.
- Vessel Power Systems: Development of wave energy conversion hardware designed for offshore moored vessels, barges, and aquaculture platforms, replacing diesel generators by harvesting wave motion to power onboard operations and battery storage systems.
- Intelligent Control Systems: Implementation of artificial intelligence algorithms and reinforcement learning controllers that continuously adjust wave energy device responses in real time to optimize energy extraction efficiency and protect hardware during heavy sea conditions.
- Wave Forecasting Tools: Deployment of real-time ocean wave prediction systems and wave sensor integration, providing advance wave height and period forecasting data to automatically configure generator control settings before individual wave impacts.
- European Array Projects: Execution of multi-megawatt wave energy demonstration projects and commercial array developments in European offshore test sites, including utility-scale wave farm deployments off Spain's Basque Coast and trial installations in Ireland.
- Research and Testing Facilities: Operation of dedicated wave simulation laboratories, computational fluid dynamics modeling, and physical wave tank testing facilities to evaluate hydrodynamic forces, power takeoff efficiency, and mooring component resilience.
Carnegie Clean Energy executive team
- Mr. Jonathan Fievez BEng (Mecht)Chief Executive Officer
- Mr. Grant Jonathan Mooney C.A.Independent Non Executive Director & Company Secretary