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Carnegie Clean Energy's Irish subsidiary, CETO Wave Energy, has secured milestone payments from the EuropeWave funding program, advancing its wave energy technology commercialization. The funds were awarded for meeting specific manufacturing targets essential for generating CO2-free electricity from ocean waves, with the project scheduled to run until May 2026 and preparations for deployment at the Biscay Marine Energy Platform in Spain underway. Final system integration and technical approvals are pending before the project’s conclusion.