Announcement PDF We harness ocean energy to make the world more sustainable ANNUAL 2026 REPORT Carnegie Clean Energy Annual Report 2026 2 Board of Directors Anthony Shields Non-Executive Chairman Michael Fitzpatrick Non-Executive Director Grant Mooney Non-Executive Director Chief Executive Officer Jonathan Fiévez Company Secretary Grant Mooney Registered Office Address 21 North Mole Drive North Fremantle WA 6159 Postal Address PO Box 39 North Fremantle WA 6159 Telephone (08) 6168 8400 Share Registry XCEND Level 2, 477 Pitt Street Haymarket NSW 2000 +61 (02) 8591 8509 Auditors HLB Mann Judd Level 4, 130 Stirling Street Perth WA 600 Website: www.carnegiece.com Corporate Directory ASX Code: CCE OTCQB: CWGYF FRA: CNM1 Subsidiaries CETO Wave Energy Ireland Limited 4th Floor, North Block, Rockfield Central Dundrum DN 16, W7W3 Ireland Carnegie Technologies Spain S.L. BIC Bizkaia Ezkerraldea Avenida Altos Hornos de Vizcaya, 33, 48901 Barakaldo, Bizkaia, España Carnegie Clean Energy LLC 1500 Michigan Street San Francisco, CA 94124, United States CETO Wave Energy UK Limited 5 South Gyle Crescent Lane Edinburgh EH12 9EG, Scotland Carnegie Clean Energy Annual Report 2026 3 Table of Contents CETO Technology ACHIEVE Programme Additional R&D Progress and priorities Global context Wave energy momentum Company overview MoorPower Technology Other applications Fish pen arrays Energy autonomy at sea 04 08 20 06 13 22 CETO Chairman’s Letter Opportunity Company Additional Solutions MoorPower Renewable power enabling future wave energy Corporate Information Financial performance for the year ended 30 June 2026 26 24 28 Garden Island Microgrid Financial Report Additional Information Our Products Carnegie Clean Energy Annual Report 2026 4 Letter From the Chairman 2026 We are already executing on the next phase of our utility-scale roadmap with the development of a multi-megawatt CETO array to follow on from ACHIEVE at the same site in Spain - BiMEP. The learnings, models, and supply chain established through ACHIEVE provide the baseline to continue to expand and commercialise CETO. During the year, the team also undertook activities to develop alternative products for markets such as aquaculture and defence. The team completed preliminary design activities for the MoorPower Commercial Pilot and we are continuing discussions with aquaculture leaders to deploy wave-powered solutions on working feed barges, directly displacing high-risk diesel generation. Internationally, our selection for technical support under the US TEAMER programme, in collaboration with Kelson Marine Co., allows us to adapt our core wave IP for offshore aquaculture pens. The promise of Carnegie’s wave energy IP for defence applications has also been recognised with the Power and Energy Innovation Award from the Australian Defence Force’s Advanced Strategic Capabilities Accelerator (ASCA). Over recent months, Carnegie has deepened its engagement across the defence sector, advancing strategic discussions on how persistent wave power can unlock sovereign energy autonomy at sea. Amid sustained global energy volatility and supply pressures, the need to transition to dependable, clean, sovereign power has never been clearer. As grids incorporate more variable wind and solar, maintaining continuous network reliability remains a challenge. Ocean wave energy provides a predictable, consistent, high- density source of renewable power to meet this challenge, positioning Carnegie to deliver the resilient energy our future networks demand. Addressable markets are emerging not only in utility scale grid connection, but also micro-grid applications, defence, and emerging data centre demand. Translating this potential into tangible infrastructure is our ACHIEVE Programme, which is delivering the design, manufacture, deployment and operations of a scaled CETO Unit at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. Over the course of the year, the team has progressed the manufacture of the main structures and have completed Factory Acceptance Testing (FAT) across structural and electrical subsystems, including CETO foundations, control systems, and primary mooring connectors. In Germany, our manufacturing partner SKF has been assembling our Power Take-Off (PTO) units ahead of an onshore dry-testing campaign to ensure operational reliability offshore. With Spanish regulatory, seabed, and grid connection permits secured, we have established a staged offshore installation schedule targeting the first stage of CETO ocean deployment soon at BiMEP. The ACHIEVE deployment serves as the springboard for our future commercial activities by validating CETO in open ocean conditions and delivering a data set to unlock investment in future arrays. On behalf of the Board of Directors, I am pleased to present the Annual Report for Carnegie Clean Energy for the financial year ending 30 June 2026. Carnegie Clean Energy Annual Report 2026 5 The global market can help pave the way for commercial wave energy deployment by providing long- term revenue certainty and bankability as is being seen through mechanisms such as the UK’s Contracts for Difference (CFD) scheme. Just as targeted tariff mechanisms transformed offshore wind and solar into mainstream utility assets, ring-fenced revenue support will help establish financial sustainability needed for commercial wave farms. These policies in development provide a direct route to market for our future commercial projects. Private investment in ocean energy is accelerating, with over $400m secured globally in private capital over the past five years. Institutional investors, venture capital funds, and multinational energy leaders are increasingly backing leading developers to take steps towards commercial arrays. Driving down the Levelised Cost of Energy (LCOE) remains fundamental to our long-term commercial competitiveness. As a key technology reference partner in the EU’s €4 million Horizon Europe-funded COIN Project, we are validating advanced control systems, AI-driven wave prediction, and novel quick- connectors designed to reduce energy costs by 30% for future CETO arrays. After the year end, we delivered finance activities to support the company’s financial sustainability. We extended the maturity of our existing $2.5 million loan facility to June 2027 and increased the commitment amount by $1 million, bringing the facility to $3.5 million. This loan provides cash flow support bridging the gaps between the timing of ACHIEVE programme expenditure and non-dilutive grant drawdowns. After the financial year end, we also strengthened our balance sheet with a $2.5 million Private Placement backed by overseas investors, providing funding to advance multi-megawatt array development, support business expansion across Europe and the US, and execute our commercial pipeline. The wave energy sector is entering a decisive period, supported by significant international policy tailwinds and increasing private capital. Carnegie is well placed to lead this emerging global industry, backed by proprietary IP, world-class partners, and an outstanding team. It has been pleasing to see strength in the share price over the last 12 months, it demonstrates the value that is being built by the team now and into the future. On behalf of the Board, I extend our sincere gratitude to our shareholders for your commitment and support. Your investment continues to drive an Australian technology company to a leading position in international ocean energy. I also wish to thank CEO Jonathan Fievez, our executive management, and every member of the Carnegie team for their dedicated efforts throughout this transformative year. Anthony Shields Non-Executive Chairman / Carnegie Clean Energy Limited AShields Carnegie Clean Energy Annual Report 2026 6 Pacific Ocean Atlantic Ocean COIN ACHIEVE Programme WECHULL + CETO Wave Energy UK Ltd CETO Wave Energy Ireland Ltd 6MW CETO Array Carnegie Technologies Spain S.L. Powering Remote Alaska Mega Wave PTO TEAMER Corporate Entity / Office Carnegie Clean Energy (ASX: CCE) is a global technology leader developing advanced wave energy systems that accelerate the world’s transition to clean, reliable, and cost-competitive electricity. Our focus is on unlocking the vast, untapped potential of ocean waves to deliver 24/7 emission-free electricity across utility-scale grids, remote island communities, and offshore maritime operations. Driven by a shared passion for sustainability and renewable energy, our world-class team of engineers, scientists, and professionals is dedicated to capturing the ocean’s energy efficiently. This commitment is evident in our growing international footprint, operating through wholly owned subsidiaries across Australia, Europe, and North America, and listed on the ASX (CCE), US OTCQB Market (CWGYF), and the Börse Frankfurt (FRA: CNM1). Company Overview Carnegie Clean Energy LLC Projects Carnegie Clean Energy Annual Report 2026 7 Indian Ocean Carnegie Clean Energy Ltd MoorPower Commercial Pilot Garden Island Microgrid We harness ocean energy to make the world more sustainable ▶ Deploying a scaled CETO prototype at the Biscay Marine Energy Platform (BiMEP) in the Basque Country through the ACHIEVE Programme. ▶ Participating in the €4m EU-funded COIN Project which utilises CETO as the reference technology with an aim to reduce wave energy costs by 30%. ▶ Advancing plans for a commercial multi- megawatt CETO array in Europe, ▶ Progressing the MoorPower commercial pathway to decarbonise offshore aquaculture. ▶ Leveraging US TEAMER support to adapt our wave technology for offshore fish pens. Carnegie’s wave energy innovations are being advanced through several international projects, in which the Company is attracting strategic partners, expanding high-value maritime applications and paving the way for commercial deployment globally: Carnegie Clean Energy Annual Report 2026 8 Global Context and Opportunity Global Wave Resource Why Wave Energy? Wave energy’s unique characteristics provide an opportunity to play a key role in the global clean energy transition. The wave energy industry is demonstrating a clear path to commercial viability, driven by targeted deployments, significant investment and an increasing focus on the unique benefits offered by wave energy generation. With expanding renewable energy portfolio requirements and a global push for net-zero targets, the time is now for wave energy. Waves are generated by large-scale weather systems and are more predictable than traditional renewable energy sources, helping to provide a more stable foundation for the grid. This makes wave energy an ideal complement to other renewables, such as solar and wind. By balancing the intermittency of solar PV and wind, wave power reduces the overall requirement of battery storage and backup generation. Studies consistently show that a diversified renewable energy portfolio including wave energy lowers total system costs while providing a more resilient, stable baseload supply. In addition, wave energy converters operate in marine environments where space constraints and visual amenity concerns are reduced. Operating fully submerged beneath the surface, Carnegie’s CETO technology delivers clean electricity without visual impact from shore and naturally avoids extreme surface forces during severe weather. Alternative applications of the CETO technology such as MoorPower offer a direct, zero-emission alternative to diesel generators on offshore aquaculture feed barges and moored maritime vessels. Carnegie Clean Energy Annual Report 2026 9 Decarbonisation of the Blue Economy: Maritime industries are expanding further offshore into areas without shore-based grid access. Eliminating high-emission, high-maintenance diesel generators across aquaculture, offshore mooring, offshore charging, and naval sites creates a market for wave energy systems. Strengthening Policy & Investment Tailwinds: Governments worldwide are writing binding ocean energy deployment targets into law. Led by the European Union’s target of 40 GW of ocean energy capacity by 2050, alongside accelerating funding programmes across Europe and North America, public and private capital is mobilising around wave energy as a critical component of net-zero compliance. Driving the Acceleration of Wave Energy Grid Stability: Grids require continuous 24/7 reliability. Wave energy delivers an abundant, predictable generation profile that peaks during periods of high winter demand. Industrial Scale & Cost Reduction: The wave energy sector is tracking the established commercial cost trajectories previously demonstrated by offshore wind and solar PV. Capital expenditure and Levelised Cost of Energy (LCOE) are falling as the sector advances from single prototypes to pre-commercial arrays. Wave energy is special. A portfolio of wave, wind and solar energy can deliver an affordable clean energy future. Carnegie Clean Energy Annual Report 2026 10 Wave Energy’s Global Momentum Ocean energy continues to gain momentum as national policies, revenue support, and growing private investment converge to scale the industry. Clear government roadmaps and capital grants are de-risking utility-scale infrastructure, attracting private investment, and paving the way for multi-megawatt offshore arrays. Ocean energy sector growth is driving long-term economic development across coastal economies, expanding local manufacturing capacity, and providing employment in the developing industry. 13% Global Electricity 650 MW Targets 20 MW Capacity 100% Demand in Key Markets $400M Private Investment Global Potential: Ocean energy can supply 13% of global electricity demand, more than nuclear energy currently produces (OEE, 2026). Government Commitments: National commitments across France, Portugal, the UK, and Spain map out the development of 650 MW of ocean energy capacity by 2030 (OEE, 2026). Utility-Scale Deployment: The PacWave South wave energy testing facility has opened in the US, providing grid-scale testing facilities with up to 20MW US capacity (PacWave, 2026). Market Impact: Wave energy alone has the technical potential to cover more than 100% of annual electricity demand in Ireland, Portugal, Australia, and Chile (OEE, 2026). Sector Funding: Private capital flowing into the ocean energy sector exceeded $400M over the last five years, unlocked by public grants and revenue support (OEE, 2026; Panthalassa, 2026). Carnegie Clean Energy Annual Report 2026 11 By prioritising responsible innovation, local supply chain participation and environmental stewardship across our projects, Carnegie ensures that our commercial scale-up is focused around lasting environmental and socioeconomic value for global coastal economies. SDG 6: Clean Water and Sanitation Ocean energy can power desalination to transform seawater into clean water, ensuring access to clean water for coastal communities. SDG 7: Affordable and Clean Energy Carnegie remains at the forefront of the clean energy revolution. We will continue to develop affordable, sustainable wave energy solutions that reduce carbon emissions. SDG 8: Decent Work and Economic Growth Our commitment to innovation and sustainable practices is not only contributing to environmental preservation, but also creating employment opportunities and driving economic growth in the regions we operate. We believe that a green economy can be a source of prosperity for all. SDG 9: Industry, Innovation, and Infrastructure Carnegie is driving innovation in wave energy infrastructure, leading to advancements that will benefit industries, economies, and societies globally. We are committed to technological excellence and sustainable development. SDG 11: Sustainable Cities and Communities Our work is not only about technology but also about transforming communities into sustainable, resilient hubs along our coastlines. By providing clean energy solutions and infrastructure, we are empowering coastal communities to thrive in a rapidly changing world. SDG 12: Responsible Consumption and Production We recognise the importance of responsible consumption and production. By promoting the use of clean energy, we are contributing to a more sustainable future, where resources are used efficiently and sustainably. SDG 13: Climate Action The fight against climate change is a global priority. We continue to play our part by harnessing the power of the oceans to generate clean, renewable energy. SDG 14: Life Below Water Through innovation and responsible ocean energy solutions, we are committed to safeguarding the rich biodiversity of our oceans. SDG 17: Partnerships for the Goals None of these achievements would be possible without the strong partnerships we have forged with governments, organisations, and communities around the world. Together, we are driving towards a sustainable and prosperous future for all. Carnegie aligns its engineering and commercial development with the United Nations Sustainable Development Goals (SDGs), harnessing predictable ocean power to drive a cleaner, more sustainable future. United Nations Sustainable Development Goals Carnegie Clean Energy Annual Report 2026 12 carnegieclean Scan to connect Join the conversation Our social media platforms and digital channels are where we share regular behind-the-scenes updates from our project sites, celebrate operational milestones, and highlight breakthroughs shaping the global wave energy sector. Our community of shareholders, industry partners, and clean-tech advocates continues to expand, and we deeply value the conversations, questions, and encouragement shared across our network. From the engineering behind CETO and MoorPower to our deployments in the water, we want you alongside us as we continue on our journey. Connect with us across our social channels, explore our Investor Hub, or subscribe to our newsletter to receive the latest announcements and insights directly using the QR link. Social Media Stay Connected with Carnegie Carnegie Clean Energy Annual Report 2026 13 CETO® Technology Named after a Greek sea goddess, CETO is Carnegie’s core wave energy technology with the potential to revolutionise renewable power production globally. CETO harnesses the enormous, untapped energy present in ocean waves and converts it into grid-ready electricity. CETO is a unique, fully submerged, point absorber type wave energy technology. A submerged buoy sits a few metres below the surface of the ocean and moves with the ocean’s waves. This orbital motion drives a power take-off (PTO) system that converts this motion into electricity. Submerged operation gives CETO two distinct advantages: zero visual impact and storm survivability. Buoys can be actively lowered to deeper, calmer waters during extreme sea states while maintaining safe energy capture. Modular and scalable, CETO is engineered for diverse commercial applications: from unlocking energy autonomy for island networks and coastal industry to utility-scale arrays feeding power directly into national grids. As the ocean energy sector industrialises, CETO is positioned to mirror the rapid commercial scale-up demonstrated by offshore wind and solar. CETO is progressing to open-water deployment under Carnegie’s ACHIEVE Programme, which is deploying a scaled prototype at the Biscay Marine Energy Platform (BiMEP). The Company is also developing a subsequent 6 MW CETO array at the same site, advancing from scaled prototype to small array, a key step in CETO’s commercialisation pathway. In parallel, Carnegie continues to participate in international research and development projects to drive specific advancements in the CETO technology. These projects are focused on supporting technical areas in which there are opportunities to drive down the Levelised Cost of Energy (LCOE), benefiting CETO’s commercialisation pathway. Our Products Learn more about CETO CETO Advantages Maintainable Easily towed to port for upgrades and maintenance Tested Over 15 years of onshore, tank and tens of thousands of hours of in-ocean testing Minimal Visual Impact Fully submerged and invisible from shore Security Provides emissions free sustainable energy and water security to countries & islands Clean Minimal environmental impact, co-exists with marine life Scalable Modular array design Consistent, Predictable and Complementary Provides grid benefits when deployed in concert with other renewables Desalination Zero-emission freshwater co-production allows pseudo energy storage Flexible Operates in variety of water depths, swell directions, tides and seafloor conditions Storm Survivability Fully submerged and dives deeper under extreme wave conditions Carnegie Clean Energy Annual Report 2026 14 ACHIEVE Programme Carnegie and its European operating subsidiaries, CETO Wave Energy Ireland and Carnegie Technologies Spain, are driving CETO to commercial readiness through the ACHIEVE Programme. Under ACHIEVE, Carnegie will deploy its first European CETO unit at the Biscay Marine Energy Platform (BiMEP) in the Basque Country. The project is backed by strong public and industry support, having secured the highest-ranking award in the EuropeWave Pre-Commercial Procurement (PCP) Programme alongside co-funding from the Basque Energy Agency (EVE) and the Spanish Government’s RENMARINAS DEMOS Program. Bilbao France Spain Portugal CETO Four 13.2 kV/5MW subsea cables Offshore substation fitted with 25 MVA 13.2/132 kV transformers 0 0.5 1 km Armintza ACHIEVE PROGRAMME: Design, Manufacture, Deployment and Operation of a CETO prototype at BiMEP. Project: Deployment of a scaled CETO wave energy converter at the Biscay Marine Energy Platform (BiMEP) in Bilbao, Basque Country Spain. Deployment Site: BiMEP (Biscay Marine Energy Platform), dedicated testing site for offshore renewables. Carnegie Clean Energy Annual Report 2026 15 The EuropeWave project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under grant agreement No 883751. JULIA F. CHOZAS CONSULTING ENGINEER CETO WAVE ENERGY IRELAND Project Partners and funding bodies for the ACHIEVE Programme MINISTERIO PARA LA TRANSICIÓN ECOLÓGICA Y EL RETO DEMOGRÁFICO Technologies Spain Technologies Spain CETO Wave Energy Ireland Focus: Accelerating wave energy development Funds a scaled CETO prototype deployment €3.75m EuropeWave PCP Programme Carnegie Technologies Spain Focus: Advancing marine renewables in Spain Enhances CETO deployment €1.2m Renmarinas Demos Programme Carnegie Technologies Spain Focus: Supporting local involvement, technological advancements Supports specific CETO components €2.1m Basque Energy Agency (EVE) Grant Overall Funding €7.05m Carnegie Clean Energy Annual Report 2026 16 ACHIEVE Programme Activities Over the last year, the ACHIEVE Programme has progressed through component manufacturing, sub- system factory acceptance testing, site preparation, and assembly in preparation for deployment of the CETO wave energy converter at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The structural framework of the three power take-off (PTO) modules, which act as the powerhouse of the CETO system, were fabricated locally in the Basque Country then shipped to a specialist partner, SKF, in Germany. At their precision facility, SKF then assemble the full PTO Units, integrating all the equipment (generators, shafts, bearings, seals, couplings, and sensors) inside the module before returning the completed modules back to the Basque country for final onshore testing and offshore deployment. To reduce technical risk ahead of offshore operations, Carnegie established an onshore testing regime that has been delivered though all stages of the ACHIEVE Programme. Recent testing activities included integrated electrical and control testing and Hardware-in-the-Loop (HIL) testing which verified control software against simulated extreme sea states. On the mechanical side, the team completed belt tension trials, verified self-aligning sheave tracking, and completed Factory Acceptance Testing for the foundations, metallic tensioners, and primary mooring connectors. In the final major testing activity before deployment, the PTO modules are functionally tested against each other in a “back-to-back” configuration. This final testing process will validate core functions before the unit is deployed offshore. In preparation for the staged deployment of the ACHIEVE CETO unit, site works have been undertaken by Carnegie and BiMEP. Activities have included the deployment of wave buoys to measure metocean conditions, subsea cable works and onshore electrical testing. With regulatory approvals all received for the deployment, further offshore works are being undertaken in preparation for the staged deployment commencing later this year. To date, Carnegie has unlocked milestone payments for the ACHIEVE Programme totalling €3.73m (approx. $6.05mm AUD). This includes €2.21M (approx. $3.6m AUD) from the EuropeWave PCP Programme, €318K (approx. $545K AUD) from Ente Vasco de la Energía (EVE – the Basque Energy Agency), and €1.2m (approx. $2.1m AUD) from RENMARINAS Demos. These milestone payments have been received following delivery of project milestones including design, procurement and testing of key equipment. Belts Power Take-Off Modules Buoyant Actuator Electrical Module Export Cable Carnegie Clean Energy Annual Report 2026 17 CETO’s electrical module (EM) has been fabricated, coated, and fitted out locally in the Basque Country in collaboration with supplier SEI. The completed EM houses the unit's control systems, communications architecture, and cooling system and acts as the “brain” of the system, controlling the PTO modules and communicating with onshore interfaces. Carnegie Clean Energy Annual Report 2026 18 Additional Research and Development (R&D) Activities Carnegie is engaged in delivering a portfolio of international research and development initiatives and strategic partnerships. These collaborative programmes enhance our core CETO technology, delivering technical insights that accelerate cost reduction, increase energy capture and diversify the applications of CETO. By leveraging competitive grant funding and international facilities, Carnegie can deliver engineering advancements with minimal capital expenditure for our shareholders. This structure allows our team to focus on immediate technical and deployment milestones while systematically feeding high-value innovations into our medium and long-term project pipeline. These R&D engagements strengthen Carnegie’s technical leadership, mitigate long- term development risks, and expand our global network of top-tier industrial and research partners. Scaling CETO In North America, Carnegie continues to explore opportunities to support remote energy transitions and unlock commercial pipelines. Through a Memorandum of Understanding (MOU) with tribal consortium Chugachmiut, Carnegie is assessing the feasibility of deploying CETO to provide clean, predictable wave power for remote Alaskan communities. Chugachmiut has undertaken some preliminary activities including capturing local wave data to inform future work together. Building directly on operational momentum from the ACHIEVE Programme, Carnegie signed a Memorandum of Understanding (MOU) with the Biscay Marine Energy Platform (BiMEP) in July 2025 to develop a 6 MW CETO commercial wave array in the Basque Country. Up to six 1 MW CETO units could be connected to the Basque energy grid via BiMEP’s offshore infrastructure. This potential project would advance CETO from demonstration scale in ACHIEVE to deployment of full scale CETO Units in a small array. Development activities have progressed in parallel with the ACHIEVE Programme, advancing array layout designs, grid integration studies, regional supply chain engagement, and co- funding opportunities. Carnegie Clean Energy Annual Report 2026 19 The world has never been more ready for wave energy solutions than it is now. The COIN Project COIN Project (Control-Oriented Innovations for future wave energy farms) is a €4 million Horizon Europe initiative targeting a 30% reduction in the Levelised Cost of Energy (LCOE). Using CETO as the reference technology, the project develops next-generation mooring connectors, AI-enhanced real-time wave prediction, and digital-twin-based health monitoring to optimise the performance and reliability of future commercial arrays. WECHULL+ Project Addressing offshore structural durability, WECHULL+ explores low-carbon, high- durability concrete formulations engineered specifically for submerged marine renewable energy systems. By validating eco-friendly concrete structures as a resilient alternative to conventional marine-grade steel, the initiative targets extended operational lifespans while reducing primary fabrication and lifecycle maintenance costs. MEGA WAVE PTO Project Advancing next-generation drive architecture, the MEGA WAVE PTO project develops a modular, high-torque direct-drive generator tailored for marine environments. The programme targets substantial conversion efficiency gains to deliver an estimated 30–40% reduction in the cost of energy. HPE Collaboration Carnegie continues its long-term collaboration with Hewlett Packard Enterprise (HPE), integrating reinforcement learning artificial intelligence directly into CETO’s control systems. By reading ocean conditions in real time, the controller fine-tunes CETO’s movements to capture more energy from every wave while protecting the system in rough seas. Carnegie Clean Energy Annual Report 2026 20 MoorPower® Technology Carnegie’s MoorPower technology is tackling the challenge of offshore renewable energy generation. As the offshore aquaculture sector accelerates its expansion into deeper offshore waters, securing clean, reliable power has become a priority. Traditional reliance on