Australian Wave Energy Developer Carnegie Clean Energy Partners with German Firm DGWA for European Expansion
Australian wave energy developer Carnegie Clean Energy has taken a significant step towards expanding its presence in European financial markets and investor relations by appointing German investment firm DGWA as its advisor. This strategic move is aimed at capitalizing on Carnegie’s dual listing on the Frankfurt, Tradegate, and Stuttgart Stock Exchanges to attract more European investors and industry stakeholders.
DGWA will play a key role in supporting Carnegie’s outreach efforts in the DACH region (Germany, Austria, Switzerland) and beyond. The firm’s primary focus will be to raise awareness of Carnegie’s proprietary CETO wave energy technology, which has the potential to revolutionize the renewable energy sector.
Jonathan Fiévez, CEO of Carnegie, expressed his enthusiasm about the partnership with DGWA, stating, “As we strengthen our leadership position in the rapidly evolving field of wave energy, we are looking forward to working with DGWA to expand our presence across Europe’s clean-tech investment community.”
Fiévez added, “The continent is a global hub for marine renewable innovation and investor interest. With DGWA’s extensive network and experience, we look forward to deepening engagement with European stakeholders as we commercialize our CETO and MoorPower technologies and contribute meaningfully to Europe’s energy transition.”
Carnegie is actively developing wave energy projects based on its CETO platform, which effectively converts ocean wave motion into renewable electricity, offering a sustainable solution to the world’s energy needs.
Stefan Müller, CEO of DGWA, also shared his excitement about the partnership, stating, “We are delighted to partner with Carnegie Clean Energy and bring their innovative wave-energy solutions to the attention of European investors.”
Müller continued, “Carnegie’s use of cutting-edge artificial intelligence and advanced electric machinery to maximize energy generation efficiency sets them apart in the global marine energy space. With a proven history in ocean energy innovation, Carnegie is uniquely positioned to contribute to Europe’s clean energy transition – particularly as the EU intensifies its focus on sustainable offshore power.”
In a recent development, Carnegie Clean Energy secured AUD 335,020 (approximately $218,000) in funding from the Blue Economy Cooperative Research Centre (Blue Economy CRC) to advance preliminary design work for the first MoorPower commercial pilot wave energy system.