Carnegie Clean Energy (ASX:CCE) completed final foundation preparation and is preparing to start the staged deployment and testing of its CETO wave energy technology at the Biscay Marine Energy Platform in Spain, according to a Tuesday filing with the Australian bourse.
The CETO Buoyant Actuator deployment will begin in October, with assembly of the power take-off modules in progress, the filing said.
Shares rose 13% in midday trade Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.