Carnegie Clean Energy (ASX: $CCE) MoorPower Demonstrator Progress Update

Carnegie Clean Energy Limited (ASX: $CCE) has reported successful outcomes achieved during the initial operational phase of the MoorPower Scaled Demonstrator. The MoorPower Demonstrator, deployed in January 2024, has provided over 2,000 hours of operational data, validating the power take-off architecture common to both CETO and MoorPower. The project, supported by the Blue Economy CRC and other partners, aims to develop a sustainable and cost-effective energy solution for aquaculture and offshore sectors.

Executive Commentary on MoorPower's Progress

The recent data gathered on the Demonstrator combined with information from an operating feeding barge in Tasmania provides confidence that the Commercial MoorPower System will perform as expected and deliver significant decarbonisation benefits for operating feeding barges. The successful outcomes achieved during the initial operational phase are a significant step in the MoorPower commercialisation pathway, demonstrating the system's ability to meet commercialisation targets.

Summary of MoorPower Progress and Future Outlook

The MoorPower Demonstrator has validated the design and numerical models, providing confidence in Carnegie's ability to forecast the performance of the Commercial MoorPower System for a variety of barges globally. The next steps involve redeploying the system for its next operational phase, continuing data collection and analysis, and advancing the commercial scale project. Carnegie's MoorPower aims to transform offshore energy demand applications, starting with aquaculture barges and vessels, and has support from the Blue Economy CRC and various partners.