Carnegie Clean Energy's (ASX:CCE) subsidiary, Ceto Wave Energy Ireland, received two milestone payments totaling 290,855 euros under the EuropeWave phase three contract, according to a Tuesday filing with the Australian bourse.
The EuropeWave contract supports the initial deployment of the company's Ceto technology in Europe at the Biscay Marine Energy Platform site in Spain, the filing said.
Shares rose nearly 8% in midday trade Tuesday.
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