News Articles for Carnegie Clean Energy

Bulls N' Bears ASX Runner of the Week is… Stakk Limited, after it inked a blockbuster Robinhood deal to power its banking push with embedded finance tech. Carnegie Clean Energy's wave power whiz caught some US OTC buzz without a whisper of news, Lord Resources' copper visuals at Ilgarari sparked a drilling frenzy in WA, and Kula Gold's visible gold hits at Mt Palmer lit up the Southern Cross goldfields amid small-cap fireworks and resource blues.

Perth-based wave tech developer Carnegie Clean Energy has won a $6.3 million contract to deliver and operate its technology in Europe.

Aquaculture businesses and local universities have chipped in for a $3.4 million wave technology project by Carnegie Clean Energy.

From the use of big data to recycling plastics, WA businesses are developing a sustainability niche, but the path to commercialisation can be tough.

Carnegie Clean Energy has reached the minimum of $5.5 million from its rights issue, but announced a shortfall of around $6 million, as the collapsed wave power company inches closer to recapitalisation and relisting on the ASX.

Carnegie Clean Energy, which is seeking to raise up to $11.5 million after going into voluntary administration earlier this year, has issued a supplementary prospectus that tones down some of the key claims it made to investors only six weeks ago.

Opinion: While politicians are showering favoured industries in cash this federal election, voters should remember the recent train wreck of Carnegie Clean Energy as a reminder that subsidies for businesses can flop badly.

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Carnegie Clean Energy company secretary and non-executive director Grant Mooney has agreed to help fund the company's operations, while administrators KordaMentha attempt to recapitalise its core wave energy business.

Carnegie Clean Energy has gone into voluntary administration, three days after the state government withdrew funding for its Albany Wave project.

The state government has ceased its funding agreement with Carnegie Clean Energy for its Albany wave project, a week after the company reported a net loss of $45 million for the half year.

Carnegie Clean Energy has reported a net loss of $45 million for the half year, largely due to a write-down to the value of its intellectual property.

The cash-strapped company that received Western Australian government funds despite not meeting milestones attached to a wave power project has been suspended from trading on the Australian stock exchange for failing to lodge its half-year financial report.

Carnegie Clean Energy has been forced to abandon plans to sell its battery storage and microgrid business, while chairman Terry Stinson has detailed the renewable energy outfit's recent struggles in an address at today's annual meeting.

Carnegie Clean Energy will take a reduced stake in ASX-listed Tag Pacific in exchange for the Perth company's battery storage and microgrid business, after the parties agreed to remove a $2.2 million cash component from their original deal.

Carnegie Clean Energy's long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

Ian Hobson has been appointed company secretary of White Cliff Minerals.

Perth-founded Bombora Wave Power has secured an $18.7 million grant from the European Regional Development Fund, days after Carnegie Clean Energy announced funding delays for its wave energy project in Albany.

Carnegie Clean Energy has agreed to sell its battery storage and microgrid business to ASX-listed Tag Pacific as part of an all-scrip merger deal.

SPECIAL REPORT: The rollout of next generation energy infrastructure such as batteries and microgrids is kicking off in WA, adding to the opportunities available for contractors in this space.

Treasurer Ben Wyatt's ambition for increased private participation in the electricity sector remains, despite a slow start, touting it as part of a microeconomic reform program designed to lift productivity.

The state government has today announced that two private investors will co-invest with Synergy in a joint venture that is planning to build up to 210 megawatts of renewable energy projects in the South West Interconnected System.

Three Perth-based junior miners have tapped investors for more than $10 million, while gold explorer Crusader Resources will raise up to $US15 million ($19 million) as the company seeks a dual listing on London's AIM.

Carnegie Clean Energy's joint venture with contractor Lendlease has won its second contract in a week, with the partnership to design, construct and operate a $7 million solar project in NSW.

A joint venture between a subsidiary of Carnegie Clean Energy and contractor Lendlease has won $6.8 million of work to install and operate a renewable powered microgrid in the Mid West town of Kalbarri.

Perth-based TNG has commissioned Carnegie Clean Energy's subsidiary Energy Made Clean to evaluate renewable energy options to power its Mount Peake vanadium titanium project.

Three Western Australian projects with a focus on clean energy technology, including an artificial reef in Exmouth, will share in $4.8 million funding announced by National Energy Resources Australia today.

Carnegie Clean Energy has signed a binding term sheet with government agency Indigenous Business Australia and the Perth Noongar Foundation for a 50 per cent stake in the renewable energy company's $17 million Northam solar farm.

Perth company Bombora Wave Power will proceed with construction of its first commercial sized mWave device after securing multi-million dollar backing from international renewable energy consultancy Enzen.

Carnegie Clean Energy has appointed Terry Stinson as non-executive chair, replacing Jeff Harding who will retire from the board.

The first stage of Carnegie Clean Energy's wave energy farm off the coast of Albany is under way, with the installation of a wave data buoy last week.

Indigenous contracting group Eastern Guruma, which has contracts or joint ventures with the likes of Rio Tinto, Fortescue Metals Group, NRW Holdings and Carnegie Clean Energy, has been placed into administration.

Former Orbital Corporation boss Terry Stinson will join the board of Carnegie Wave Energy next month and succeed Jeff Harding as chairman, while Mark Woodall will also join the board of the renewables company.

Carnegie Clean Energy has secured a $7.5 million debt facility with a Cottesloe-based investment group to assist with development of a 10-megawatt solar power station in Northam.

Carnegie Clean Energy has secured $16 million of state government funding for a wave energy project at Albany while also gaining conditional approval from the federal government to transfer nearly $12 million earmarked for its Garden Island project to Albany.

ASX-listed Carnegie Clean Energy is evaluating three sites for the initial deployment of its CETO 6 wave power technology, including Albany and Cornwall, after it was confirmed today its Garden Island microgrid project will initially not include wave power.

Renewable energy company WestGen has moved close to proceeding with WA's second new solar farm this year, after appointing key contractors for its $75 million Byford project.

The South Australian government has awarded Elon Musk's Tesla the contract to build the world's largest lithium ion battery to supply the state with renewable energy, outbidding local company Carnegie Clean Energy.

Competition among developers of renewable energy projects in WA's South West is hotting up, with two solar farms starting construction this year and a further eight major projects hoping to join them.

The federal government's Clean Energy Finance Corporation has emerged as a surprise backer of Pilbara Minerals' Pilgangoora lithium mine, and has outlined a broad range of projects that may attract future support.