Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Shareholder Meeting (November 2019)
9 slides from Carnegie Clean Energy's shareholder meeting presentation, Nov 25, 2019
Slide 1: Chairman's Address – AGM 2019
ASX Announcement 25 November 2019 For personal use only Chairman’s Address – AGM 2019 Welcome fellow shareholders and guests. Before I hand over to Jonathan Fievez, Carnegie’s Chief Executive, allow me to provide a few of my own observations on our Company, Carnegie Clean Energy. Following my remark
Slide 2: Chairman's Address (continued)
around the world continue to push forward with wave energy development in an effort to be the first. In my view, Carnegie Clean Energy continues to have the best chance of being the company to deliver a winning wave energy solution. Jonathan and the Team are committed to deliver on the plan and to F
Slide 3: The global need for renewable energy is critical
For personal use only The global need for renewable energy is critical Wave energy is an immense, untapped resource Carnegie harnesses wave energy through our deep expertise, innovative technology and passionate people Annual General Meeting 2019
Slide 4: Company Status
Company Status For personal use only Available cash circa $4.4m Runway of ~ 2 years without capital raise Opportunity to increase runway with grants and revenue Optimising the organisation to deliver on the programme Overheads minimised and monitored Staff of 7, recruiting 3-4 more currently Prepara
Slide 5: Garden Island
Garden Island For personal use only More than 700 MWh of energy sold > 500 tonnes of carbon dioxide emissions avoided Potential to improve services to Defence and optimise system Discussions regarding future wave projects commenced Commercial in Confidence and Copyright Carnegie Clean Energy Limited
Slide 6: Market & Customers
Market & Customers For personal use only CETO remains adaptable to key markets Large grids − Utility scale deployments − Low tariffs Microgrids − Small grids dominated by diesel = high tariffs − Often Islands and remote coastal areas Offshore power − Investigations via AOEG and Blue Economy CRC Comm
Slide 7: Landscape & External Drivers
Landscape & External Drivers For personal use only Climate action is becoming a higher priority in government and industry Ocean energy is gaining credibility − Atlantis partner with GE − Meygen produces 17.5 GWh Wave makes steady progress ‒ WaveSwell project at King Island funded ‒ Bombora found fu
Slide 8: Technology Development
Technology Development For personal use only Progressing quickly toward more complicated sea states Technical requirements being refined in virtual and real environments (tank and ocean) 9 suppliers engaged with Achieving high accuracy Over 40 generator/motor models analysed Used >100k core hours on
Slide 9: Research and Industry Partnerships
Research and Industry Partnerships For personal use only Industry Research Academic Commercial in Confidence and Copyright Carnegie Clean Energy Limited 2019 7
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