Carnegie Clean Energy Limited (ASX:CCE)
Carnegie Clean Energy Limited is an Australia-based company, which is engaged in developing wave energy technology. The Company is focused on the development and commercialization of the CETO wave energy converter. The Company's CETO Wave Energy Technology (CETO) harnesses the untapped energy present in the ocean’s waves and converts it into grid-ready electricity. CETO is a fully submerged, point absorber type wave energy technology. A submerged buoy sits a few meters below the surface of the ocean and moves with the ocean’s waves. This orbital motion drives a power take-off (PTO) system that converts this motion into electricity. The Company's projects include the Garden Island Microgrid Project, Microsoft AI for Earth Project, CETO 5 Project, Mauritian Wave and Microgrid Project, and CETO 6 project.