Wave energy developer Carnegie Wave Energy Limited has been selected as a semi-finalist in the Australian Technologies Cleantech Competition.
Carnegie is one of only two ASX-listed companies to be selected as a semi-finalist among 228 entries. The Australian Technologies Competition (ATC) shortlisted 36 of Australia’s technology companies to be part of the 2014 ATC business accelerator program.
Carnegie was chosen as a semi-finalist out of the 228 entries as Carnegie’s proprietary CETO technology has been identified as an industry leader with innovative characteristics and with the capability to become a game-changer in the energy sector.
“It’s pleasing to be recognized for our work in developing CETO, and being selected as a semi-finalist among the best clean tech companies in Australia. It is a testament to the hard work of the Carnegie team,” Carnegie CEO, Dr Michael Ottaviano said.
Winners will be announced later this year.
Press Release, May 27, 2014