Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Shareholder Meeting (November 2024)
27 slides from Carnegie Clean Energy's shareholder meeting presentation, Nov 19, 2024
Slide 1: Annual General Meeting November 2024
For personal use only Annual General Meeting “We harness ocean energy to make the world more November 2024 sustainable”. Carnegie Clean Energy Ltd ASX: CCE OTC: CWGYF 2024
Slide 2: Wave power resource for selected countries
Wave power resource for selected countries For personal use only 10
Slide 3: Australian Targets
Australian Targets For personal use only • 43% emissions reduction by 2030 • 82% renewable electricity by 2030 • Net zero by 2050 • Currently ~40% renewable electricity (~45% solar, ~35% wind, ~15% hydro) 11
Slide 4: Australian Challenges – Wind Droughts!
Australian Challenges – Wind Droughts! For personal use only • Wind Lull #1 (13th April to 20th April) - VIC, NSW, and parts of SA. • Wind Lull #2 (13th May to 18th May): - SA and VIC. • Wind Lull #3 (22nd May to 28th May): - VIC, SA, NSW, and parts of TAS. • Wind Lull #4 (5th June to 11th June): -
Slide 5: Wave energy is special – Seasonally inversely correlated with solar
Wave energy is special – Seasonally inversely correlated with solar For personal use only Wave Solar Inverse seasonal correlation between wave energy converter and solar PV power at Carpenter Rocks 13
Slide 6: Wave energy is special – but wait, there's more!
Wave energy is special – but wait, there’s more! For personal use only • Doesn't have the visual amenity impacts that are plaguing the introduction of offshore wind in Australia • Wave energy can offer some coastal protection • Doesn't consume any significant land area, which is at a premium in Euro
Slide 7: Southern Ocean Offshore Energy Declared Area
Southern Ocean Offshore Energy Declared Area • Declared area max size: For personal use only 1,030km2 • Potential power generation: 2.9GW • Wave farm would be invisible from land 15
Slide 8: What could Australia gain from supporting wave energy
What could Australia gain from supporting wave energy For personal use only Challenge: transition to clean energy system able to meet future demand for sustainable, reliable and affordable energy Opportunity: • Wave energy is an immense and untapped source of renewable energy that is consistent and
Slide 9: Wave Energy – Global Momentum Building
Wave Energy – Global Momentum Building €195M £19bn €65M 137MW For personal use only Europe saw €195M Wave energy could be France provided a financial Europe leads in public funding for worth £19bn to the UK package including at least ocean energy with a ocean energy in economy by 2050. €65M for the
Slide 10: United States
United States ▪ Funding Increase: $112 million USD committed to advancing wave energy technologies in the US. For personal use only ▪ New legislation in California supports wave energy deployments, fostering growth in the sector. ▪ 1 MW of new wave energy capacity added in 2023 ▪ PacWave South test
Slide 11: Carnegie Clean Energy – Our Opportunity
Carnegie Clean Energy – Our Opportunity ▪ Carnegie is a global leader in wave energy technology For personal use only ▪ Globally, support and funding for wave energy increases: funding through Horizon Europe, the United States government and private investment continue to increase. ▪ The ACHIEVE Pro
Slide 12: Current Projects: ACHIEVE, Garden Island, MoorPower
ACHIEVE PROGRAMME Carnegie For personal use only Current Projects Garden Island MoorPower Microgrid & MoTWEC A$2.2m Valuation projects reaching Conservative Valuation completion 20
Slide 13: CETO – Harnessing Ocean Waves
Our core technology is CETO – Harnessing Ocean Waves unique and avoids known issues For personal use only ▪ Water in waves move in an orbit. The buoy is forced to move in the same motion ▪ This kinetic energy is transformed by the three Power Take-Offs within the buoy ▪ CETO operates fully submerged
Slide 14: Carnegie's CETO wave energy technology
2 Cc fo) w m) =) © Cc fe) 2) — ® foe — fo LL Carnegies CETO wave enérgy.technology (@ Carnegie CLEAN ENERGY
Slide 15: ACHIEVE Programme – Basque Country Deployment
For personal use only ACHIEVE Programme – Basque Country Deployment 23
Slide 16: Year in Review – ACHIEVE Programme
Year in Review – ACHIEVE Programme For personal use only •EuropeWave PCP Contract: Awarded a €3.75 million Phase 3 contract, securing the deployment of a CETO device at the Biscay Marine Energy Platform (BIMEP) in the Basque Country. •CETO Berth Secured: Successfully secured a berth reservation at B
Slide 17: ACHIEVE Programme
ACHIEVE PROGRAMME For personal use only This is part of the EuropeWave project that has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under grant agreement No 883751’ 25
Slide 18: HPE Discover – Las Vegas 2024
HPE DISCOVER – LAS VEGAS 2024 For personal use only 26
Slide 19: MoTWEC: Mooring Tensioner for Wave Energy Converters
MoTWEC: Mooring Tensioner for Wave Energy Converters For personal use only 27
Slide 20: MoorPower Scaled Demonstrator
MoorPower Scaled Demonstrator Built, deployed and operated For personal use only 28
Slide 21: MoorPower Scaled Demonstrator
MoorPower Scaled Demonstrator •Manufacture, Assembly, and Onshore Testing: The team successfully completed these crucial steps for the MoorPower scaled demonstrator For personal use only •Deployment: In January 2024, the demonstrator was deployed at Carnegie's offshore test site in North Fremantle,
Slide 22: MoorPower Commercialisation Pathway
MoorPower Commercialisation Pathway For personal use only 30
Slide 23: The Future of MoorPower
The Future of MoorPower For personal use only Carnegie is actively working towards a commercial scale deployment of the MoorPower modules onboard a working aquaculture barge 31 31
Slide 24: Garden Island – A year in review
Garden Island – A year in review For personal use only •Carbon Emission Milestone: electricity generated by the system now avoided over 5,000 tonnes of carbon emissions. This year was a •Revenue Generation: Generated $117,616 in revenue from the sale of remarkable transformative Large-Scale Generati
Slide 25: Product Validation Roadmap
Product Validation Roadmap (Next 5 years) Completed In Progress Carnegie Products Intended Projects Product Validation Roadmap Summary Planned, subject to Project For personal use only funding approval 2024 2025 2026 2027 2028 2029 Deployment Projects CETO Scaled Prototype - ACHIEVE Programme – Euro
Slide 26: News and Media
For personal use only Media News and 34
Slide 27: Be part of the innovation that will unlock the power of the world's oceans
For personal use only Be part of the innovation that will unlock the power of the world’s oceans 35
Carnegie Clean Energy — Shareholder Meeting (November 2024) on 6ix