Carnegie Clean Energy
Carnegie Clean Energy is an Australian wave energy technology company and the owner and developer of the CETO technology, which converts ocean wave energy into electricity.
Last updated September 15, 2026
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Overview
Carnegie Clean Energy Limited is a wave energy technology development company headquartered in Fremantle, Western Australia. It is the owner and developer of the CETO technology, a fully submerged point absorber wave energy technology that captures energy from ocean waves and converts it into electricity. The company is listed on the Australian Stock Exchange under the code CCE and reports more than 10,000 shareholders, with subsidiaries in the UK, Ireland and Spain.
History
Carnegie Clean Energy is the owner and developer of the CETO technology, which captures energy from ocean waves and converts it into electricity. The company states it has a long history in ocean energy with a track record of world leading developments, and over 10 years of CETO development including tank testing, rapid small scale prototyping and large commercial scale prototypes and arrays. The CETO 6 design builds on intellectual property first lodged by Carnegie in 2013, incorporating on-board power generation and multiple moorings and power take-off modules; an associated US patent was granted on 6 November 2017. Carnegie is listed on the Australian Stock Exchange under the code CCE and is headquartered in Fremantle, Western Australia, with subsidiaries in the UK, Ireland and Spain.
Products and positioning
Leaders in wave energy technology
CETO
A unique, fully submerged, point absorber type wave energy technology that converts ocean wave energy into grid-ready electricity.
CETO 6
A design building on intellectual property first lodged by Carnegie in 2013, incorporating on-board power generation and multiple moorings and power take-off modules.
Recent events
Carnegie launches MoorPower wave energy product[5]
Reported:
Carnegie Clean Energy launched MoorPower, a CETO-derived wave energy product designed for moored vessels. The company said it is intended to provide clean and reliable energy for offshore activities and reduce reliance on diesel generation.
Sources5 sources
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