Carnegie Clean Energy (ASX:CCE) is working with manufacturer SKF to deliver Ceto's power take-off system (PTO) for the Achieve program, according to a Thursday filing with the Australian bourse.
SKF provided early PTO bearing and shaft design activities, and after completion, was contracted to manufacture three PTO units for the program's Ceto deployment at the Biscay Marine Energy Platform in Spain, the filing said.
Shares rose 11% in morning trade Thursday.
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