Carnegie Wave Energy to change name to ‘Carnegie Clean Energy’ (CCE)

PRESS RELEASE

Carnegie Wave Energy Limited (ASX: CWE) is pleased to announce that it intends to change its name to Carnegie Clean Energy Limited (ASX: CCE). 

Subject to shareholder approval, Carnegie will change its name to Carnegie Clean Energy Limited and will from then trade on the Australian Stock Exchange 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 Dr Michael Ottaviano 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.”

Carnegie Clean Energy Limited (CCE) will be the only ASX-listed company with a dedicated renewable energy microgrid project delivery capability and the only microgrid company globally with a wave energy technology. CCE will be at the forefront of designing, developing, financing, constructing, operating and maintaining microgrids, utilising a world-first combination of wave, solar, wind, energy storage, desalination and diesel in both on and off- grid applications in Australia and internationally.

About Carnegie 

Carnegie Wave Energy Limited is an Australian, ASX-listed (ASX: CWE) wave energy technology developer. Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property. Carnegie is focussed on commercial opportunities in key target markets including UK, Europe, Australia and remote islands. Subject to the approval of its shareholders before 19 December 2016, Carnegie will also become the 100% owner of leading Australian battery/solar microgrid Engineering Procurement and Construction (EPC) company Energy Made Clean, which specialises in the delivery of mixed renewable energy microgrid projects to islands and remote and fringe of grid communities. Through this acquisition, Carnegie will be the world’s first company to deliver a combination of wave, solar, wind, storage and desalination into microgrids.