Carnegie Clean Energy partners with SKF to advance Wave Energy Technology

Carnegie Clean Energy CEO Jonathan Fievez joined Steve Darling from Proactive at our OTC Studio in New York City to announce a strategic collaboration with engineering giant SKF to accelerate the development of Carnegie’s innovative CETO wave energy technology. The partnership will focus on the design and delivery of the Power Take-Off (PTO) system — a critical component that converts wave motion into electricity. CETO, Carnegie’s proprietary wave energy system, is a fully submerged point absorber device. Positioned a few meters beneath the ocean surface, its buoy moves with wave motion, driving the PTO mechanism to generate renewable energy. This submerged design enables robust, continuous energy production while withstanding harsh marine conditions. Under the new agreement, SKF will design and manufacture three PTO units for deployment at the Biscay Marine Energy Platform in Spain. SKF had already contributed to early-stage bearing and shaft design as part of a prior Development Agreement, and the company’s expanded role now includes full production responsibilities. Fievez noted that the partnership strengthens Carnegie’s supply chain by integrating SKF’s world-class engineering expertise and manufacturing capabilities which is a major step forward in commercialising CETO. SKF is a globally recognised leader, and their involvement reinforces the long-term viability and scalability of the technology. The deployment at Biscay Marine Energy Platform marks a significant milestone in CETO’s path to commercialisation, positioning Carnegie at the forefront of the growing marine renewables sector. The company also sees potential for expansion into other wave-rich regions, such as Portugal, Ireland, Australia, and the US. Fievez highlighted active US policy support, including developments in California and a Department of Energy test site in Oregon, making the US a strategic growth area. #proactiveinvestors #carnegiecleanenergy #asx #cce #otcqb #cwgyf #CarnegieCleanEnergy #RenewableEnergy #CETOTechnology #SKF #GreenEnergy #EnergyInnovation #OTCMarkets #CleanTech #EnergyTransition #SustainablePower #OceanEnergy #USCleanEnergy #SpainRenewables