$Carnegie Clean Energy Ltd.(CWGYF)$ When the wind stops and solar output drops, the ocean keeps moving. The consistency of wave energy contributes to grid stability.
Carnegie Energy, in collaboration with $Hewlett Packard Enterprise(HPE)$ , has developed a technology aimed at addressing future energy demands.
Electricity prices in South Australia spiked to over $20,000 per MWh during the worst one-day wind drought in the NEM in two years. At the same time, large waves were hitting Australia's south coast. Wave energy technology, like that from Carnegie Energy, can provide power when it's needed most.
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