Carnegie Clean Energy (ASX:CCE) has signed a memorandum of understanding with Chugachmiut to explore the development of its energy transfer ocean (CETO) projects in Alaska, US, according to a Tuesday Australian bourse filing.
Chugachmiut has been exploring the potential for wave energy to provide clean, affordable, and reliable electricity to native tribes within the Chugach region.
The company's shares rose 8% on market close.
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