Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Shareholder Meeting (November 2020)
11 slides from Carnegie Clean Energy's shareholder meeting presentation, Nov 25, 2020
Slide 1: Chairman's Address at 2020 Annual General Meeting
ASX ANNOUNCEMENT 25 November 2020 Chairman’s Address at 2020 Annual General Meeting On behalf of the Carnegie Clean Energy team and my fellow directors, I would like to welcome you all to our Annual General Meeting. Over the past year, our team at Carnegie have made good progress while also overcomi
Slide 2: Chairman's Address (continued)
technology. Carnegie’s key asset, the Garden Island Microgrid is also an option to offset the requirement to raise funds from shareholders or can be used to reduce debt as required in the future. Carnegie is making great strides toward meeting our full potential. COVID-19 has impacted our Digital De
Slide 3: Our Purpose
OUR PURPOSE We harness ocean energy to make the world more sustainable OUR VISION To be the most successful ocean AGM November 2020 energy technology company on Earth
Slide 4: Year in review – July 2019 → March 2020
Year in review – July 2019 → March 2020 July 2019 A Wave Prediction Recapitalisation, restructure B 28 October 2019 – Administrators retired Secured close-out CETO-6 funds Clean-up post restructure Challenging recruitment environment Jan 2020 Broad survey of global EV suppliers looking for PTO gener
Slide 5: Year in review – April 2020 → Now
Year in review – April 2020 → Now Apr 2020 Wave Predictor tested in Spain Large knowledge base of PTO tech and providers Simulation tools extended New team building around core people and key July focus areas Awarded funding for $1.6m Tensioner project Microsoft AI for Earth support awarded Signific
Slide 6: Carnegie Today
Carnegie Today An innovative technology company specialising in wave energy Valuable assets: Leading position in wave energy and CETO technology Garden Island Microgrid - 2MW solar-battery, desalination plant and wave-ready grid connection Three Australian wave sites – Fremantle, Garden Island and A
Slide 7: Macro Situation
Macro Situation PM Johnson – UK carbon neutral by 2050 President Elect Biden – US rejoining Paris Agreement European new ocean energy strategy – min 1GW by 2030 unlocking 60 GW by 2050. Requires additional funding/investment, support to follow R&D tax caps shelved, improvement of rate ARENA given 10
Slide 8: Macro Situation cont'd
Macro Situation cont’d Growing recognition of “blue economy” Aquaculture industry growing quickly, embracing technology such as offshore generation Booming Electrical Vehicle industry driving electrical machine (PTO) improvements Growing computational capacity = faster simulations and neural net tra
Slide 9: CETO 2-year Digital Development Pathway Plan
Wave Predictor Electric PTO Intelligent Controller Development of the Machine Design progress and identification of Development of the Machine Learning Learning Wave Predictor preferred generator technology Hydrodynamic solver and Controller A B Mid By end 2019 Q1 e Q1 ’20 Q1 CETO 2-year Digital PTO
Slide 10: Look Ahead
Look Ahead Garden Island re-start imminent Microsoft AI for Earth kick-off Technical team capacity recently tripled = development speed-up Substantial Intelligent Controller progress New partnerships to support the development and pathways to commercialisation Controller testing in tank mid 2021 Bui
Slide 11: Executing
1 Create unique 2 Build a market for 3 Foster the partner competitive products wave energy ecosystem Executing Strategy 4 Secure financial sustainability 5 Cultivate high performing team Copyright Carnegie Clean Energy Limited 2020 9
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