Carnegie Wave Energy Ltd., in a press release on Nov. 1, announced it intends to change its name to Carnegie Clean Energy Ltd. (CCE).
Subject to shareholder approval, Carnegie will change its name to Carnegie Clean Energy Ltd. and will from then trade on the Australian Stock Exchange (ASX) under a new ASX code of CCE. The name change follows the recent acquisition of 100% of leading solar and battery microgrid developer, Energy Made Clean (EMC). This transaction followed Carnegie’s strategic alliance with, and investment in, EMC earlier this year. The acquisition is also subject to the approval of Carnegie shareholders.
Managing Director, Michael Ottaviano, Ph.D., said, “We have chosen the name Carnegie Clean Energy Limited to better reflect our expanded clean energy interests across wave, solar, battery and microgrids whilst retaining the strong brand awareness and credibility that Carnegie has built in the renewable market space.”
CCE will be the only ASX-listed company that has a dedicated renewable energy microgrid project delivery capability and the only microgrid company globally that has wave energy technology.
CCE will be at the forefront of designing, developing, financing, constructing, operating and maintaining microgrids, utilizing a world-first combination of wave, solar, wind, energy storage, desalination and diesel in both on and off- grid applications in Australia and internationally.