Announcement PDF Delivering Wave Energy To The World Webinar – August 2025 ASX: CCE OTCQB: CWGYF WKN: A2DJFY 2025 Who is Carnegie Clean Energy ▪ Technology Developer ▪ Owner of IP including: • Patents • Know-how • Trade secrets (i.e. code, drawings) ▪ Manufacturer of CETO and MoorPower ▪ Service provider for project developers and owners We harness ocean energy to make the world more sustainable 2 The Problem to Solve ▪ Clean energy is essential for a stable climate ▪ Solar and Wind are highly variable and inconsistent ▪ Community pushback on wind developments is growing, even solar and batteries ▪ Nuclear is expensive and takes decades to build ▪ Electrification, EVs and datacentres are driving demand up rapidly ▪ Geopolitical issues with importing energy 3 EU, UK and US are committing $ for solutions ▪ The European Commission (EC) has set a target of 1 GW installed ocean energy capacity by 2030 and 40 GW by 2050 ▪ This represents up to $5.7bn of capex on ocean energy projects by 2030 in the EU alone where €195m in funding went toward ocean energy in 2023 ▪ Regional governments in the EU such as Spain, France and Portugal are providing funds in combination with the EU to support ocean energy Global Recognition ▪ The US has spent $60m USD on the PacWave test site in Oregon ▪ Funding of $112m USD was committed to advancing wave energy technologies in the US ▪ The UK is supporting wave energy through a Contracts for Difference scheme, essentially revenue support 4 Wave energy is special ▪ Waves are concentrated wind energy ▪ Highly consistent and predictable ▪ Vast and untapped resource ▪ Most powerful when needed – Winter ▪ 24/7 power = earns more ▪ Water density 1000x air (wind) density ▪ 5x less area required compared to wind ▪ Ocean space less constrained 5 CETO – The leading solution at scale A round object under water Our core technology is unique and avoids known issues Description automatically generated ▪ CETO operates fully submerged, avoiding issues of visual amenity and damaging forces from breaking storm waves ▪ Artificial intelligence helps us capture more by adapting to every individual wave that passes ▪ 1 MW capacity leads the industry Ranked #1 in largest global competitive tender ▪ Direct conversion to electricity (no hydraulics) delivers flexibility and efficiency gains ▪ CLICK TO SEE ANIMATION 6 6 Specifications Features Visual Impact None – fully submerged Extreme Wave Survival Deep diving to 20 m, power production continues Installation & Recovery Small tow vessels, diverless and rapid with quick connectors Maintenance Swappable WECs at sea and PTOs in port WEC Rating 1000 kW Spatial Density 30 MW / km Capacity factor 30-50% Operational Wave Range 0.5 - 14 m significant wave height Water Depth > 40 m (130 ft). Deeper sites simply require longer ropes Buoy Diameter 20 m Buoy Height 4m 2 7 EuropeWave Contracted Deployment ✓ Phase 1 [ COMPLETE ] ✓ Phase 2 [ COMPLETE ] ✓ From initial 36 applicants, Carnegie’s ACHIEVE project ranked number one at commencement of Phase 3 (€3.75m) ✓ Judged on criteria including LCOE, performance, reliability, availability and survivability ✓ Deployment at BiMEP after winter with realtime stream of performance data ✓ Two year of operation ACHIEVE Project – Basque Country Deployment ✓ Carnegie team in Spain (Bilbao) driving the project Additional National Recognition to Support and Enhance Project ✓ Spanish Government (IDAE - Renmarinas) awarded €1.2m Dec 2023 ✓ Basque energy agency EVE awarded €2.1m March 2024 Total funding pool of €7.05m 8 ACHIEVE Update Power Take-Off equipment supplied 9 9 ACHIEVE Update Foundation frame fabrication & chain storage at Bermeo Port 10 10 ACHIEVE Update Offshore site preparation 11 11 ACHIEVE Next Steps ◄◄ Deploying large CETO prototype in Spain ▪ Finalise few remaining design tasks ▪ Continue with manufacture of remaining componentry ▪ Integrate using defined assembly processes ▪ Undertake integration tests including “back-to-back” ▪ Transport to port for final assembly and integration ▪ Wet testing alongside wharf at port ▪ Deploy using rapid, diverless process ▪ Operate to prove reliability and performance 12 6 MW Array ▪ MW scale project is the next step in commercialisation ▪ EU support for +60% CAPEX exists ▪ BiMEP supportive with MoU signed in July 2025 ▪ Discussions commenced with project participants ▪ Supply Chain developed through ACHIEVE including agreements with HPE and SKF 13 MoorPower: Wave Energy for Aquaculture and Offshore Demand Demonstrator Project Complete ✓ Scaled Demonstrator deployed at Carnegie’s offshore test site in 2024 ✓ Operations completed successfully Commercial Scale Design Underway ✓ Product developed based on requirements and characteristics of offshore aquaculture ✓ BE CRC funding awarded to complete preliminary design Offshore Demand Application Opportunities ✓ Other demand applications for aquaculture and defence are emerging 14 14 Future revenue sources ▪ Sales of CETO and MoorPower systems ▪ Supply spares and assist with operations and maintenance ▪ Provide engineering services and software upgrades ▪ Note: Carnegie Business Model • Revenues commence up to 4 years prior to commissioning • CETO units are estimated to be 75% of the construction capex 15 Global Footprint 16 Q&A Be part of the innovation that will unlock the power of the world’s oceans 17 Thank you CEO: Jonathan Fievez Chairman: Anthony Shields Carnegie Clean Energy Ltd Head Office 21 North Mole Drive, North Fremantle Western Australia 6159 +61 8 6168 8400 Carnegie Technologies Spain Bilbao, Bizkaia CETO Wave Energy UK Edinburgh, Scotland CETO Wave Energy Ireland Dublin, Ireland Carnegie Clean Energy LLC San Francisco, USA carnegiece.com 18