Carnegie Wave raises funds to fast track CETO 6

RNE has an update on wave power company Carnegie Wave Energy - Carnegie Wave raises funds to fast-track CETO 6.

ASX-listed ocean energy developer Carnegie Wave Energy Limited has completed a capital raising of $4 million, part of which will go towards fast-tracking the design of its CETO 6 project – the WA-based company’s next generation CETO unit, which is expected to have at least twice the capacity of the CETO 5 unit. Carnegie’s CETO 5 is being manufactured for the Perth Wave Energy Project, which once completed will be Australia’s first commercial-scale CETO grid-connected wave energy system.