Just days after calling in administrators, Carnegie Clean Energy has revealed hopes to resurrect the companys wave power business, while selling or winding down its fully-owned solar and micro-grid subsidiary, Energy Made Clean, that was the cause of much of its problems.
In an ASX statement on Monday, Carnegie said it had secured in principle funding support to pursue a recapitalisation of its core CETO technology, in a deal with company director and shareholder Grant Mooney through Mooney & Partners and key stakeholder Asymmetric Credit Partners.
Carnegie which started out as Carnegie Wave Energy also noted that while it had placed the company and its subsidiaries into voluntary administration with KordaMentha, the CETO wave energy s…
Read the full article at: https://reneweconomy.com.au/carnegie-flags-reboot-for-wave-power-business-as-key-investors-provide-funding-13978/