Energy & PowerJul 27, 2026

Carnegie Clean Energy

Company Profile Analysis

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Carnegie Clean Energy - Energy & Power showcase

Year Founded & Workforce

1986-12-31

200 Employees

Industry

Energy & Power

Services

Carnegie Clean Energy Overview

Company Headquarters: Fremantle, Australia

Founded: 1987

Workforce: ~200

Company Working: Carnegie Clean Energy is engaged in harnessing renewable energy from various sources including solar and wave. Additionally, it offers battery storage solutions to the global market. The company is the primary developer of CETO wave energy technology. The firm operates through two business segments, which are CETO wave technology and solar & battery engineering. It offers wave energy harnessing system through its CETO wave technology segment. Some of the other products offered by the company include solar, battery solutions, and microgrids.

Carnegie Clean Energy has sales offices located in Australia, Chile, Ireland, and the UK. It operates in these countries through completely owned subsidiaries. Ocean Power Technologies Inc., Yam Pro Energy, and AW Energy OY are some of the company’s major competitors.

Strategy

Carnegie Clean Energy successfully commissioned and operated the grid-connected Path Wave Energy Project (PWEP), in line with its aim to commercially produce electricity. It is focusing on capturing value by applying the strategy of ‘build-own-operate’ projects.’ With this strategy, the company is engaged in providing end to end services for the project including equipment manufacturing, installation, commissioning, operation, and maintenance. It also focuses on site development, supply, and licensing of its CETO technology. The company is continually seeking opportunities to obtain grants, which can be utilized for product development.

Company Snapshot

$1.72M

Revenue

200

Employees

1986-12-31

Founded

Fremantle, Australia

Headquarters

SWOT Analysis

Strengths

Development of its patented technology, CETO
Offers a range of products in the renewable energy market
Highly supportive Australian government

Weaknesses

Lower sales of the company’s CETO wave technology in the global market

Opportunities

Intense competition from other players

Threats

Intense competition from other players

Key Developments

Date	Approach	Development
July 2018	Contract	Carnegie Clean Energy signed a contract with Enel SPA (Italy), where the latter will be investing USD 1.6 million in the R&D of its CETO technology. This is expected to enhance the feasibility of CETO being installed in the global market.
October 2017	Agreement	Carnegie Clean Energy signed a USD 15.8 million contract with the Australian Government for the development of CETO wave technology at Albany. This has improved the capabilities of the product.

Product Offering

Carnegie Clean Energy
- Wave Energy-CETO

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Carnegie Clean Energy as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Carnegie Clean Energy

Company Headquarters: Fremantle, Australia Founded: 1987 Workforce: ~200 Company Working: Carnegie Clean Energy is engaged in harnessing renewable energy from various sources including solar and wave. Additionally, it offers battery storage solutions to the global market. The company is the primary developer of CETO wave energy technology. The firm operates through two business segments, which are CETO wave technology and solar & battery engineering. It offers wave energy harnessing system through its CETO wave technology segment. Some of the other products offered by the company include solar, battery solutions, and microgrids. Carnegie Clean Energy has sales offices located in Australia, Chile, Ireland, and the UK. It operates in these countries through completely owned subsidiaries. Ocean Power Technologies Inc., Yam Pro Energy, and AW Energy OY are some of the company’s major competitors.

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