Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Shareholder Meeting (November 2025)
22 slides from Carnegie Clean Energy's shareholder meeting presentation, Nov 18, 2025
Slide 1: Annual General Meeting 2025
Annual General Meeting 2025 For personal use only Fremantle, “We harness Western Australia ocean energy 18 November, 2025 to make the world more CEO Update sustainable”. 2025
Slide 2: Who is Carnegie Clean Energy
Who is Carnegie Clean Energy ▪ Technology Developer For personal use only ▪ Owner of IP including: • Patents • Know-how • Trade secrets (i.e. code, drawings) ▪ Manufacturer of CETO and MoorPower ▪ Service provider for project developers and owners We harness ocean energy to make the world more susta
Slide 3: The Problem to Solve
The Problem to Solve ▪ Clean energy is essential for a stable climate For personal use only ▪ Solar and Wind are highly variable and inconsistent ▪ Community pushback on wind developments is growing, even solar and batteries ▪ Nuclear is expensive and takes decades to build ▪ Electrification, EVs an
Slide 4: EU, UK and US are committing $ for solutions
EU, UK and US are committing $ for solutions For personal use only ▪ The European Commission (EC) has set a target of 1 GW installed ocean energy capacity by 2030 and 40 GW by 2050 ▪ This represents up to $5.7bn of capex on ocean energy projects by 2030 in the EU alone where €195m in funding went to
Slide 5: Our core technology is CETO – The leading solution at scale
Our core technology is CETO – The leading solution at scale unique and avoids known A round object under water Description automatically generated issues ▪ CETO operates fully submerged, For personal use only avoiding issues of visual amenity and damaging forces from breaking storm waves ▪ Artificia
Slide 6: Specifications Features
Specifications Features Visual Impact None – fully submerged Extreme Wave Survival Deep diving to 20 m, power production continues Installation & Recovery Small tow vessels, diverless and rapid with quick connectors For personal use only Maintenance Swappable WECs at sea and PTOs in port WEC Rating
Slide 7: Future revenue sources
Future revenue sources ▪ Sales of CETO, MoorPower and specialist systems ▪ Supply spares and assist with operations and For personal use only maintenance ▪ Provide engineering services and software upgrades ▪ Note: • Revenues commence up to 4 years prior to commissioning Carnegie Business • CETO uni
Slide 8: EuropeWave Contracted Deployment
EuropeWave Contracted Deployment ✓ Phase 1 [ COMPLETE ] ✓ Phase 2 [ COMPLETE ] ✓ From initial 36 applicants, Carnegie’s ACHIEVE project ranked For personal use only number one at commencement of Phase 3 (€3.75m) ✓ Judged on criteria including LCOE, performance, reliability, availability and survivab
Slide 9: BiMEP (Biscay Marine Energy Platform)
BiMEP (Biscay Marine Energy Platform) For personal use only 9
Slide 10: ACHIEVE Update: Power Take-Off equipment supplied
ACHIEVE Update For personal use only Power Take-Off equipment supplied 10 10
Slide 11: ACHIEVE Update: Fabricated parts arriving
ACHIEVE Update For personal use only Fabricated parts arriving 11 11
Slide 12: ACHIEVE Update: Foundation frame fabrication and cable manufacture
ACHIEVE Update For personal use only Foundation frame fabrication, chain storage at Bermeo Port & Dynamic Cable manufacture 12 12
Slide 13: ACHIEVE Update: Offshore site preparation
ACHIEVE Update For personal use only Offshore site preparation 13 13
Slide 14: Key Supply Partner Example
Key Supply Partner Example For personal use only ▪ Scope • Design much of the drivetrain • Supply key components • Assemble and host testing (back-to-back config) ▪ Opportunity • Potential turn-key supply of PTOs for future 1 MW WEC • Implement serial production to drive cost down 14
Slide 15: Project Team
Project Team • Based in Bilbao, Basque Country For personal use only • Engineers and Project Management 15
Slide 16: MW Array
6 MW Array For personal use only ▪ MW scale project is the next step in commercialisation ▪ EU support for +60% CAPEX exists ▪ BiMEP supportive with MoU signed in July 2025 ▪ Discussions commenced with project participants ▪ Supply Chain developed through ACHIEVE including agreements with HPE and SK
Slide 17: Three key European projects offering innovations for CETO
Three key European projects offering innovations for CETO ▪ MEGA WAVE PTO For personal use only • Developing an all-electric modular PTO for wave energy up to MW capacities ▪ WECHULL+ Research and • Developing a new, sustainable, Development circular and reliable concrete material for offshore struc
Slide 18: MoorPower: Demonstrator Project Complete
MoorPower: Demonstrator Project Complete Wave Energy for ✓ Scaled Demonstrator deployed at Carnegie’s Aquaculture and offshore test site in 2024 For personal use only ✓ Operations completed successfully Offshore Demand Commercial Scale Design Underway ✓ Product developed based on requirements and ch
Slide 19: Energy Autonomy at Sea – ASCA 2025 Pitch Day
Energy Autonomy Advanced Strategic Capabilities Accelerator at Sea (ASCA) 2025 Pitch Day ✓ Carnegie was selected through a competitive tender to present at the Department of Defence’s Advanced Strategic Capabilities For personal use only Accelerator Pitch Day ✓ Awarded the Innovation Award for Power
Slide 20: Global Footprint
For personal use only Global Footprint 20
Slide 21: Q&A
Q&A For personal use only Be part of the innovation that will unlock the power of the world’s oceans 21
Slide 22: Thank you
Carnegie Clean Energy Ltd Thank you Head Office 21 North Mole Drive, North Fremantle Western Australia 6159 +61 8 6168 8400 For personal use only Carnegie Technologies Spain Bilbao, Bizkaia CETO Wave Energy UK Edinburgh, Scotland CETO Wave Energy Ireland Dublin, Ireland Carnegie Clean Energy LLC San
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