Eco Wave Power Overview
Eco Wave Power develops and operates wave energy conversion systems to generate electricity from ocean waves. The company's technology uses floating platforms with hydraulic pumps that convert the up-and-down motion of ocean waves into pressurized fluid, which drives turbines to generate electricity. The company aims to provide clean and renewable energy solutions to coastal communities. Eco Wave Power's technology was named a pioneering technology by Israel's Ministry of Energy and an efficient solution by the Solar Impulse Foundation. Its project in Gibraltar has received funding from the European Union Regional Development Fund and from the European Commission's Horizon 2020 framework program. The company was also the recipient of the Europe New Product Innovation Award by Frost & Sullivan in 2012 and a United Nations Global Climate Action Award in 2019.
Cumulative Funding Raised Over Time ($)
$2.0MAug 2015
$5.0MAug 2017
Latest News
growth-positive
Eco Wave Power's Wave Energy Project Named on TIME's List of the Best Inventions of 2025
Eco Wave Power Global AB has been recognized by TIME as one of the worlds Best Inventions of 2025 for its wave energy pilot project at AltaSea in the Port of Los Angeles. This accolade highlights the companys innovative approach to harnessing wave energy through its patented floaters attached to marine infrastructure. The project, developed in collaboration with Shell Marine Renewable Energy, serves as a proof-of-concept for future grid-connected deployment. Eco Wave Powers recognition underscores the potential of wave energy in providing sustainable, predictable electricity and addressing climate change. The company is expanding globally with projects in Portugal, Taiwan, and India.
Product StagePartners
growth-positive
Congresswoman Barragán Visits Eco Wave Power Project in LA, Calls for $1B Federal Investment in Wave Energy
Eco Wave Power Global announced a significant milestone with the visit of U.S. Congresswoman Nanette Barragán to their onshore wave energy pilot station at AltaSea in the Port of Los Angeles. This installation is the first of its kind in the United States and highlights the potential of wave energy as a major renewable energy source. Congresswoman Barragán emphasized the importance of federal support for wave energy, including her $1 billion Marine Energy Technologies Acceleration Act. The pilot project demonstrates the feasibility and scalability of wave energy, offering a sustainable solution to meet the growing electricity demand driven by artificial intelligence. The project positions Eco Wave Power as a leader in marine renewable energy, with significant opportunities for investment and environmental impact.
Product StagePartners
growth-positive
Eco Wave Power and BladeRanger Launch First-Ever Drone-Powered Maintenance for Onshore Wave Energy Systems
Eco Wave Power Global AB, a leader in onshore wave energy technology, has announced a strategic partnership with BladeRanger Ltd. to enhance the maintenance of its wave energy systems using drone technology. This collaboration aims to reduce operational costs and improve system efficiency by employing autonomous drones for cleaning and diagnostics. The partnership was demonstrated at Eco Wave Powers project in Jaffa Port, Israel, and is expected to expand to other sites, including Los Angeles. This initiative marks a significant step towards making wave energy more competitive and scalable globally.
PartnersProduct Stage
growth-positive
BladeRanger Takes Renewable Energy Maintenance to the Next Level with Drone-Powered Wave Energy Solution
BladeRanger Ltd., a leader in automated drone-based cleaning and diagnostics, has announced a significant partnership with Eco Wave Power Global AB. This collaboration introduces the first drone-powered maintenance solution for onshore wave energy systems, demonstrated at Eco Wave Powers Jaffa Port project in Israel. BladeRangers drones will clean and inspect the floaters, essential for converting ocean waves into electricity. This partnership marks BladeRangers expansion into wave energy, aiming to enhance system performance and reduce operational costs. The companies plan to explore a long-term strategic collaboration, potentially deploying BladeRangers technology across Eco Wave Powers global projects.
Partners
growth-positive
Eco Wave Power Hits Historic Milestone, Launches First-Ever U.S. Wave Energy Project at Port of Los Angeles
Eco Wave Power has launched its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone in renewable energy. This project, developed in collaboration with AltaSea and Shell Marine Renewable Energy, is the first onshore wave energy installation in the U.S. and demonstrates the potential of Eco Wave Powers technology to provide clean and reliable electricity. The launch aligns with Californias climate policies and is supported by federal initiatives, including the Marine Energy Technologies Acceleration Act. This development positions Eco Wave Power as a leader in the U.S. wave energy sector.
Partners
| Sector | Energy Tech |
Funding
| Total funding | $23.54M |
| Last funding | $3M |
| Stage | Public |
| Rounds | 9 |
| Investors | 1 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | www.ecowavepower.com |
| Careers | Careers page |
Locations
Derech Menachem Begin 52, Tel Aviv-Yafo, Israel
7A Strandvgen, Stockholm, Sweden
Photos & Videos
6 item(s)
Eco Wave Power Business
Business models
B2G, B2B
Product stage
Released
Employees
11-50
Sector
Climate TechEnergy TransitionClean Energy GenerationEnergy TechEnergy Production & SourcesTarget Customer
Energy, Utilities & Waste ManagementUtilitiesElectricityCore Technology
—Tags (7)
energyrenewable-energyclimate-techelectric-utilitiesenergy-harvestingenergytechwave-energyGeographic Markets
IsraelDenmarkChinaVietnamBangladeshFranceBrazilIndiaPortugalAustraliaSpainMexicoTaiwanUnited KingdomGibraltarItalyNetherlandsNew ZealandMaldivesTurkeyEco Wave Power Financials
$23.54M
Total funding
Undisclosed
Capital raised
$3M
Last funding
Public
Funding stage
9
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$2.0MAug 2015
$5.0MAug 2017
Private Equity Funding
Undisclosed Round
Aug 2017
$3M
Undisclosed Round
Aug 2015
$2M
Pirveli Ventures (Lead)
Non-Equity Funding
GrantEvent
Feb 2024
$1.8M
GrantEvent
Jan 2019
Undisclosed
ministry of energy
GrantEvent
Jun 2018
$140.57K
GrantEvent
Dec 2015
Undisclosed
European Union
Public Offering / Exit
POEvent
Dec 2024
Undisclosed
POEvent
Jul 2022
Undisclosed
DelistingEvent
Jun 2022
Undisclosed
POEvent
Jul 2019
Undisclosed
Eco Wave Power Lifecycle
Cumulative Funding Raised Over Time
$2.0MAug 2015
$5.0MAug 2017
All Events
Undisclosed Round
Aug 2017
$3M
Undisclosed Round
Aug 2015
$2M
Pirveli Ventures (Lead)
GrantEvent
Feb 2024
$1.8M
GrantEvent
Jan 2019
Undisclosed
ministry of energy
GrantEvent
Jun 2018
$140.57K
GrantEvent
Dec 2015
Undisclosed
European Union
POEvent
Dec 2024
Undisclosed
POEvent
Jul 2022
Undisclosed
DelistingEvent
Jun 2022
Undisclosed
POEvent
Jul 2019
Undisclosed
Eco Wave Power News
173 articles
growth-positive
Eco Wave Power's Wave Energy Project Named on TIME's List of the Best Inventions of 2025
Eco Wave Power Global AB has been recognized by TIME as one of the worlds Best Inventions of 2025 for its wave energy pilot project at AltaSea in the Port of Los Angeles. This accolade highlights the companys innovative approach to harnessing wave energy through its patented floaters attached to marine infrastructure. The project, developed in collaboration with Shell Marine Renewable Energy, serves as a proof-of-concept for future grid-connected deployment. Eco Wave Powers recognition underscores the potential of wave energy in providing sustainable, predictable electricity and addressing climate change. The company is expanding globally with projects in Portugal, Taiwan, and India.
Product StagePartners
growth-positive
Congresswoman Barragán Visits Eco Wave Power Project in LA, Calls for $1B Federal Investment in Wave Energy
Eco Wave Power Global announced a significant milestone with the visit of U.S. Congresswoman Nanette Barragán to their onshore wave energy pilot station at AltaSea in the Port of Los Angeles. This installation is the first of its kind in the United States and highlights the potential of wave energy as a major renewable energy source. Congresswoman Barragán emphasized the importance of federal support for wave energy, including her $1 billion Marine Energy Technologies Acceleration Act. The pilot project demonstrates the feasibility and scalability of wave energy, offering a sustainable solution to meet the growing electricity demand driven by artificial intelligence. The project positions Eco Wave Power as a leader in marine renewable energy, with significant opportunities for investment and environmental impact.
Product StagePartners
growth-positive
Eco Wave Power and BladeRanger Launch First-Ever Drone-Powered Maintenance for Onshore Wave Energy Systems
Eco Wave Power Global AB, a leader in onshore wave energy technology, has announced a strategic partnership with BladeRanger Ltd. to enhance the maintenance of its wave energy systems using drone technology. This collaboration aims to reduce operational costs and improve system efficiency by employing autonomous drones for cleaning and diagnostics. The partnership was demonstrated at Eco Wave Powers project in Jaffa Port, Israel, and is expected to expand to other sites, including Los Angeles. This initiative marks a significant step towards making wave energy more competitive and scalable globally.
PartnersProduct Stage
growth-positive
BladeRanger Takes Renewable Energy Maintenance to the Next Level with Drone-Powered Wave Energy Solution
BladeRanger Ltd., a leader in automated drone-based cleaning and diagnostics, has announced a significant partnership with Eco Wave Power Global AB. This collaboration introduces the first drone-powered maintenance solution for onshore wave energy systems, demonstrated at Eco Wave Powers Jaffa Port project in Israel. BladeRangers drones will clean and inspect the floaters, essential for converting ocean waves into electricity. This partnership marks BladeRangers expansion into wave energy, aiming to enhance system performance and reduce operational costs. The companies plan to explore a long-term strategic collaboration, potentially deploying BladeRangers technology across Eco Wave Powers global projects.
Partners
growth-positive
Eco Wave Power Hits Historic Milestone, Launches First-Ever U.S. Wave Energy Project at Port of Los Angeles
Eco Wave Power has launched its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone in renewable energy. This project, developed in collaboration with AltaSea and Shell Marine Renewable Energy, is the first onshore wave energy installation in the U.S. and demonstrates the potential of Eco Wave Powers technology to provide clean and reliable electricity. The launch aligns with Californias climate policies and is supported by federal initiatives, including the Marine Energy Technologies Acceleration Act. This development positions Eco Wave Power as a leader in the U.S. wave energy sector.
Partners
growth-positive
Eco Wave Power Successfully Completes Operational Testing and Lowers Floaters into the Water for the First Time - In a Live Exclusive Broadcast by Good Morning America
Eco Wave Power Global AB has successfully completed operational testing of its U.S. pilot project at the Port of Los Angeles, marking a significant milestone in wave energy technology. The company has entered the operational phase, with its innovative floaters being lowered into the water for the first time. This event was broadcast live on Good Morning America, providing national visibility. The project aims to demonstrate Eco Wave Powers patented technology, support environmental monitoring, and establish a foundation for future commercial projects. The company partnered with All-Ways Metal and C&S Welding Inc. for the project.
Product StagePartners
growth-positive
Eco Wave Power Announces Award of Land Use Tender for Wave Energy Project in Suao Port, Taiwan
Eco Wave Power Global AB, a leader in onshore wave energy technology, has partnered with I-KE International Ocean Energy Co. to establish a wave energy pilot station at Suao Port in Taiwan. This marks the first time a commercial port area in Taiwan has been opened for wave power testing, aligning with the countrys renewable energy transition strategy. The project, which involves the deployment of a 100 kW onshore wave energy conversion unit, aims to demonstrate the commercial viability of wave energy and set the stage for future expansion. The partnership with I-KE and Lian Tat Company is expected to facilitate Eco Wave Powers entry into the Asian market.
PartnersProduct Stage
growth-negative
Eco Wave Power Global AB (WAVE) Q2 2025 Earnings Call Highlights: Innovation and Global ...
Eco Wave Power Global AB has increased its R&D expenses by 25% to USD 399,000, focusing on projects in Portugal and successfully completing its first US wave energy project at the Port of LA. The company is expanding globally with initiatives in India, Taiwan, and Africa, and is part of the Atlantic Wave Energy sustainable deployment Initiative. Despite these growth efforts, the company reported a net loss of USD 1.9 million for H1 2025, due to increased operating expenses and foreign exchange impacts. The company has USD 7.94 million in cash and short-term deposits, but faces financial challenges that could affect profitability.
Product StageExpand
growth-positive
Eco Wave Power Reports H1 2025 Results, Showcasing Breakthroughs in U.S., Europe, Asia, and Africa as Global Wave Energy Demand Accelerates
Eco Wave Power Global AB, a leader in onshore wave energy technology, reported significant progress in the first half of 2025, including the completion of its first U.S. project installation at the Port of Los Angeles. The company expanded into new markets such as India and South Africa and secured European grant funding. Key partnerships were formed with local companies in the U.S. for manufacturing and installation. Despite a modest increase in operating expenses, Eco Wave Power maintains a strong financial position with $7.94 million in cash and short-term deposits. The company is poised for commercial growth with active developments across four continents.
Product StagePartnersExpand
growth-positive
Eco Wave Power Completes Full Installation at the Port of Los Angeles and Gears up for First Operational Testing
Eco Wave Power Global AB has successfully completed the installation of its U.S. pilot project at the Port of Los Angeles, marking a significant milestone for the company. The project includes the installation of wave energy floaters, hydraulic pipes, and an onshore energy conversion unit. This pilot project serves as a demonstration platform for Eco Wave Powers technology in U.S. marine conditions and aims to facilitate environmental monitoring and regulatory processes. The company has partnered with California-based companies All-Ways Metal and C&S Welding Inc. for the project. An official unveiling ceremony is scheduled for September 9, 2025.
Product StagePartners
growth-positive
Eco Wave Power Installs Core Energy Conversion Unit at Port of Los Angeles, Paving the Way for First U.S. Wave Energy Project
Eco Wave Power Global AB has announced the installation of its energy conversion unit at the Port of Los Angeles, marking a significant step towards the first operational testing of its U.S. wave energy pilot. This project aims to facilitate environmental monitoring, serve as an educational platform, and lay the groundwork for future large-scale wave energy projects. The installation is supported by local partnerships with C&S Welding Inc. and All-Ways Metal, and backed by Shells Marine Renewable Program. The pilot is hosted by AltaSea and is set to officially unveil on September 9, 2025.
Product StagePartners
growth-positive
Eco Wave Power Hits Major U.S. Milestone as Floaters Installation Concludes Ahead of September 9 Project Unveiling
Eco Wave Power Global AB has successfully completed the installation of floaters for its first U.S. wave energy project at the Port of Los Angeles. This pilot project aims to validate the companys patented wave energy technology in real-world marine conditions and serves as a strategic step towards full-scale commercialization in the U.S. The project is supported by Shells Marine Renewable Program and involves partnerships with All-Ways Metal and C&S Welding Inc. The official unveiling is scheduled for September 9, 2025. The initiative is designed to leverage existing coastal infrastructure for clean energy production, with minimal environmental impact.
Product StagePartners
growth-positive
Eco Wave Power Signs Agreement for Feasibility Study in South Africa, Marking Strategic Entry into African Market
Eco Wave Power Global AB has signed an agreement with Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a wave energy power station at the Port of Ngqura, South Africa. This marks the companys entry into the African market, aligning with its strategy to expand into regions with high renewable energy demand. South Africas reliance on coal-fired power plants and its extensive coastline present significant opportunities for wave energy. The collaboration aims to support Africas clean energy transition and diversify its energy mix. Eco Wave Power is also working on projects in Israel and the U.S., with partnerships including EDF Renewables IL and Shell Marine Renewable Energy.
Partners
growth-negative
Sector Update: Energy Stocks Decline in Afternoon Trading
The article reports a decline in energy stocks, with the NYSE Energy Sector Index dropping by 0.4% on Monday afternoon. This indicates a negative impact on the energy sector within the stock market. The article is part of Yahoo Finances premium content, which requires a Silver or Gold subscription plan to access. No specific companies or detailed events are mentioned beyond the general decline in the energy sector index.
growth-positive
Eco Wave Power and C&S Welding Join Forces to Deliver First U.S. Wave Energy Pilot at Port of Los Angeles
Eco Wave Power Global AB has announced a partnership with C&S Welding Inc. for the installation of its wave energy floaters and energy conversion unit at the Port of Los Angeles. This agreement marks the final step before the deployment of Eco Wave Powers first onshore wave energy project in the U.S. The project is supported by Shells Marine Renewable Program and hosted by AltaSea. The pilot project will demonstrate Eco Wave Powers patented technology, which converts wave motion into clean electricity. The collaboration with C&S Welding is a significant milestone in the companys expansion into the U.S. market.
PartnersProduct Stage
growth-negative
Sector Update: Energy Stocks Decline Late Afternoon
The article discusses a decline in energy stocks, with the NYSE Energy Sector Index dropping by 0.8% late Monday afternoon. This decline reflects a negative impact on the energy sector, as indicated by the performance of the index. The article is part of MT Newswires premium content, which requires a Silver or Gold subscription plan for full access. The focus is on the energy sectors performance in the stock market, highlighting the challenges faced by energy stocks.
growth-positive
Eco Wave Power Boosts Board Strength with Election of Renowned Risk & Sustainability Expert Hilary Ackermann, Strengthening U.S. Strategy Ahead of Port of LA Project Official Opening
Eco Wave Power Global AB has announced the election of Hilary E. Ackermann to its Board of Directors, marking a strategic move to bolster its leadership as it expands its wave energy projects, particularly in the U.S. Ms. Ackermanns extensive experience in energy sustainability and corporate governance is expected to aid the companys growth and governance. Her appointment coincides with the upcoming launch of Eco Wave Powers first U.S. wave energy project at the Port of Los Angeles, developed in collaboration with Shell and AltaSea. This move underscores the companys commitment to integrating wave energy into the renewable power mix and enhancing its global footprint.
Management ChangesPartners
growth-positive
Eco Wave Power Finalizes Floaters Production for First-Ever U.S. Wave Energy Project, Clearing Path for July Deployment
Eco Wave Power Global AB has successfully completed the production of all floaters for its first U.S. wave energy project at the Port of Los Angeles. This marks a significant milestone in the implementation of the first-ever onshore wave energy pilot station in the U.S. The floaters, manufactured by All-Ways Metal, are moving into the final assembly phase, with deployment expected later this month. Supported by Shells Marine Renewable Program, this project signifies Eco Wave Powers entry into the U.S. renewable energy market and highlights its commitment to local sourcing and job creation. The official opening is anticipated later this summer.
Product StagePartners
growth-positive
Consortium Including Eco Wave Power Secures EUR 2.45 Million Grant to Deploy Scalable Wave Energy Solutions Across Atlantic Region
Eco Wave Power Global AB has announced its participation in the Atlantic Wave Energy Sustainable Deployment Initiative (AWESDI), a €2.45 million transnational project funded under the Interreg Atlantic Area Programme. The project aims to promote energy efficiency and reduce greenhouse gas emissions by advancing the deployment of wave energy technologies in Atlantic coastal regions. Eco Wave Power will collaborate with an international consortium of research institutions, private sector leaders, and government organizations from Portugal, Spain, France, and Ireland. The company will contribute to feasibility studies, provide operational insights, and help develop a Wave Energy Deployment Roadmap. This initiative reinforces Eco Wave Powers role in the global clean energy transition.
Partners
growth-positive
Eco Wave Power Shareholders Approve Continued Buyback Authorization for American Depositary Shares at 2025 AGM
Eco Wave Power Global AB, a leading onshore wave energy technology company, announced that its shareholders have approved the continued authorization for the repurchase of the companys American Depositary Shares (ADSs), representing up to 10 percent of the total number of shares. This decision, made at the 2025 Annual General Meeting, allows the company to repurchase ADSs over the coming year, enhancing financial flexibility and supporting long-term capital strategy. The repurchase will be managed in partnership with a designated bank and conducted in compliance with U.S. Securities regulations. Eco Wave Power is committed to transforming ocean waves into clean electricity, with its technology recognized by the Israeli Ministry of Energy.
growth-positive
Eco Wave Power and AltaSea Align on Official Launch Date for First-Ever U.S. Wave Energy Project at the Port of Los Angeles
Eco Wave Power Global AB is set to launch the first-ever onshore wave energy pilot project in the U.S. at AltaSea, Port of Los Angeles, on September 9, 2025. This project marks a significant milestone in renewable energy innovation, showcasing Eco Wave Powers patented technology. The collaboration with AltaSea aims to transform ports into clean energy hubs. The project involves local production and collaboration, with the first three floaters nearing completion. The event will draw stakeholders from various sectors to witness this groundbreaking development in ocean energy.
Product StagePartners
growth-positive
Eco Wave Power Prepares for First-Ever U.S. Installation as LA Wave Energy Project Gains Momentum
Eco Wave Power Global AB has announced a significant milestone in its first U.S. pilot project at the Port of Los Angeles. The company, known for its onshore wave energy technology, is progressing with the production of its wave energy floaters, which are expected to be completed by the end of June 2025. The project, in partnership with All-Ways Metal, a California-based metal fabrication company, marks the first onshore wave energy installation in the U.S. and aims to demonstrate scalable, cost-effective wave power integration. The installation is scheduled for July 2025, showcasing Eco Wave Powers commitment to local sourcing and job creation.
Product StagePartners
Neutral
Notice to Attend the Annual General Meeting of Eco Wave Power Global AB (publ)
Eco Wave Power Global AB has announced its annual general meeting, scheduled for June 30, 2025, in Stockholm, Sweden. Shareholders are invited to attend and must register by June 24, 2025. The meeting will be held at Setterwalls Advokatbyrås offices. Shareholders must be registered with Euroclear Sweden AB by June 19, 2025, to participate. Proxy voting is available, and forms can be downloaded from the companys website. The meeting will address standard shareholder matters, and no specific business developments or strategic changes are mentioned.
growth-positive
Eco Wave Power Pays First Installment of Grid Connection Fee for 1MW Project in Porto, Portugal, Marking Major Progress Toward Wave Energy Integration
Eco Wave Power Global AB has reached a significant milestone in its development of a 1MW wave energy power station in Porto, Portugal. The company has paid 50% of the grid connection fee to E-REDES, marking progress in the projects implementation. This project is part of a 20MW concession agreement with APDL and represents Eco Wave Powers first megawatt-scale deployment in Europe. The company has accepted the connection conditions for the public grid and plans a tentative grid connection in 2026. This development aligns with Portugals renewable energy goals and Eco Wave Powers European growth strategy.
Product StagePartners
growth-positive
Eco Wave Power to Participate in Ladenburg Thalmann Innovation EXPO25 on May 21, 2025
Eco Wave Power Global AB, a leader in onshore wave energy technology, is set to participate in the Ladenburg Thalmann Innovation EXPO25 on May 21, 2025, in New York. The company will present its projects and growth strategy, highlighting collaborations with EDF Renewables in Israel, Shell MRE in the United States, I-KE in Taiwan, and a new agreement with Bharat Petroleum in India. The event provides a platform for Eco Wave Power to engage with institutional investors and industry professionals, showcasing its technological advancements and expansion into new markets. The companys participation underscores its commitment to innovation and expanding its presence in the renewable energy sector.
PartnersInvestment
growth-positive
Eco Wave Power Reports Q1 2025 Results and Accelerates Global Wave Energy Project Deployment Across Four Continents
Eco Wave Power Global AB, a leading onshore wave energy technology company, reported a decrease in net loss by 4.2% for Q1 2025 and announced several significant milestones. The company secured the final permit for its first U.S. wave energy project in Los Angeles, marking the start of the construction phase. A manufacturing agreement was signed with All-Ways Metal, Inc. for the production of wave energy floaters, which will be delivered and installed at the Port of Los Angeles. Additionally, Eco Wave Power is expanding into Asian markets and progressing with a project in Portugal, demonstrating its commitment to growth and resilience.
Product StagePartners
growth-positive
Eco Wave Power Signs U.S. Manufacturing Agreement to Launch First-Ever Wave Energy Project in the Port of Los Angeles
Eco Wave Power Global AB has signed a manufacturing agreement with All-Ways Metal, Inc. for the production of floaters for its wave energy project in the Port of Los Angeles. This marks a significant milestone in the development of Eco Wave Powers first U.S. proof-of-concept installation. The project, co-developed with Shell Marine Renewable Energy, has received final licensing approval from the Port of Los Angeles and a federal permit from the U.S. Army Corps of Engineers. The partnership with All-Ways Metal supports local job creation and accelerates project timelines, contributing to the growth of the sustainable energy industry in the U.S.
PartnersProduct Stage
growth-positive
EXCLUSIVE: Eco Wave Power Marks US Manufacturing Debut With Port Of Los Angeles Project
Eco Wave Power Global has announced a manufacturing deal with All-Ways Metal, Inc. to produce floaters for its wave energy project at the Port of Los Angeles. This partnership marks a significant step in Eco Wave Powers U.S. expansion, following final licensing approval from the Port of Los Angeles and a federal permit from the U.S. Army Corps of Engineers. The project, co-developed with Shell Marine Renewable Energy, aims to establish a scalable model for future wave energy systems. The local production of floaters is expected to accelerate project timelines, support job creation, and advance ESG goals. Despite the positive developments, WAVE stock closed lower by 6.83% at $5.73.
PartnersProduct Stage
growth-positive
Eco Wave Power Secures Final Permit for Pioneering Wave Energy Project in the Port of Los Angeles
Eco Wave Power, a leading onshore wave energy technology company, has received a Revocable Permit from the Port of Los Angeles to construct and demonstrate its wave energy technology at Berth 70 in San Pedro, California. This permit, granted on March 27, 2025, is the final approval needed for the companys pilot project, which is co-funded by Shell Marine Renewable Energy. The project involves installing wave energy floaters and an energy conversion unit at the Port of Los Angeles, in partnership with AltaSea. The installation is expected to be completed by the end of the second quarter of 2025, marking a significant milestone in Eco Wave Powers expansion into the U.S. market.
Product StagePartners
growth-positive
EXCLUSIVE: Eco Wave Power Rides New Wave With LA Permit To Launch US Pilot Project
Eco Wave Power Global AB has received a Revocable Permit from the Port of Los Angeles to construct and demonstrate its wave energy system at Berth 70 in San Pedro, California. This approval marks a significant milestone in the companys U.S. expansion efforts. The pilot project, co-funded by Shell Marine Renewable Energy, is expected to be completed within two to three months and involves installing wave energy floaters and a container-based energy conversion unit. Developed in partnership with AltaSea, the project aims to advance clean, wave-powered energy and serve as a model for future large-scale deployments. Despite the positive developments, WAVE shares are trading lower by 8.64% at $5.71 premarket.
Product StagePartners
growth-positive
Eco Wave Power Appoints Hilary E. Ackermann, Vistra Energy Board Member & Former Goldman Sachs Executive, to Advisory Board
Eco Wave Power Global AB, a leader in onshore wave energy technology, has appointed Hilary E. Ackermann to its Advisory Board. Ackermann, known for her expertise in energy sustainability and risk management, brings over three decades of experience in the energy and financial sectors. Her role is expected to support Eco Wave Powers expansion and technological advancements in the renewable energy sector. The appointment aligns with the companys vision for sustainable growth and integration into the global renewable energy landscape. Ackermanns extensive background includes roles at Vistra Energy, Dynegy Inc., and Goldman Sachs, where she specialized in corporate governance and strategic risk assessment.
Management Changes
growth-negative
Eco Wave Power Global Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line
Eco Wave Power Global reported a net loss of US$2.08 million, which widened by 22% from the previous fiscal year. The companys loss per share also deteriorated from US$0.31 to US$0.37. Despite this, revenue is forecast to grow by an average of 112% annually over the next two years, significantly outpacing the 7.5% growth forecast for the US Renewable Energy industry. However, the companys shares have declined by 3.7% over the past week. The article highlights five warning signs for the company, two of which are critical. Simply Wall St, the articles publisher, emphasizes that their analysis is based on historical data and analyst forecasts and does not constitute financial advice.
growth-positive
Eco Wave Power Files Annual Report on Form 20-F for the Year Ended December 31, 2024, and Reports Significant Progress in Financial and Operational Results
Eco Wave Power Global AB, a leader in onshore wave energy technology, reported strong financial performance for the fiscal year ending December 31, 2024. The company achieved a 30% reduction in net cash used for operations, a 7% decrease in operating expenses, and an 11% increase in cash reserves. It raised $3 million through a registered direct offering and recorded its first revenues from a pilot wave energy project. Eco Wave Power secured a federal license for a project at the Port of Los Angeles and advanced a megawatt-scale project in Portugal. The company also signed an MOU with Bharat Petroleum in India and received multiple grants to support its R&D efforts.
Product StageInvestmentPIPE/POPartnersCustomers
growth-positive
EXCLUSIVE: Eco Wave Power 2024 Earnings: 22% Topline Growth, Narrows Operating Losses
Eco Wave Power Global AB reported its annual financial results for the fiscal year ending December 31, 2024. The company recorded its first revenues of $168 thousand from a wave energy project and $225 thousand in other income, totaling $393 thousand, marking a 21.7% increase from 2023. Operating expenses decreased by 7%, while R&D expenses increased by 4%. The company plans to implement new projects in the U.S., Portugal, and Taiwan, which will increase costs. A registered direct offering raised $3 million in 2024. In February 2025, Eco Wave Power signed a memorandum of understanding with Bharat Petroleum Corporation Limited to develop wave energy projects in India, starting with a feasibility study and a 100 KW pilot project.
Product StagePartnersPIPE/PO
growth-positive
Eco Wave Power Commences Infrastructure Enhancements for Portugal Wave Energy Project
Eco Wave Power Global AB is advancing its wave energy project in Porto, Portugal, by initiating critical infrastructure enhancements. This project marks the companys first MW-scale wave energy venture in Portugal, expected to be completed by 2026. The project involves transforming an existing breakwater tunnel into a state-of-the-art facility for wave energy conversion, which will also feature an underwater wave energy museum and education center. Eco Wave Power has appointed Juan José Gómez as Power Station Manager and partnered with MOQ Engineering for the projects final design and load calculations. The initiative supports Portugals renewable energy strategy and aims to serve as a model for global expansion.
Product StageManagement ChangesPartners
growth-positive
Eco Wave Power (WAVE) to Present at Centurion One Capital 8th Annual Growth Conference in Toronto
Eco Wave Power Global AB, a leader in onshore wave energy technology, will present at the Centurion One Capital 8th Annual Growth Conference in Toronto. The company, led by CEO Inna Braverman, will discuss its projects in Israel, the United States, Taiwan, Portugal, and a new agreement in India with Bharat Petroleum. The presentation will highlight Eco Wave Powers strategic partnerships with EDF Renewables IL, Shell MRE, and I-KE, showcasing its commitment to sustainable energy solutions. The conference provides a platform for Eco Wave Power to engage with investors and share its growth strategy and technological advancements.
Partners
growth-positive
Alliance Global Partners bullish on Eco Wave Power after MOU to enter India
Eco Wave Power has signed a memorandum of understanding (MOU) with Bharat Petroleum Corporation Limited (BPCL), marking its first potential opportunity in India. This partnership is seen as a positive development by Alliance Global Partners, who have a Buy rating on Eco Wave Powers shares with a price target of $14. The collaboration with BPCL, a large and established company, is expected to facilitate the advancement of wave energy projects in India. This move aligns with Eco Wave Powers strategy to expand its wave energy technology and projects globally.
Partners
growth-positive
Eco Wave Power and BPCL sign MoU to develop wave energy in India
Eco Wave Power, an onshore wave energy technology company, has signed a memorandum of understanding (MoU) with Bharat Petroleum (BPCL) to explore Indias wave energy potential, estimated at 40,000MW. Announced during India Energy Week 2025, the agreement aims to integrate wave energy into Indias renewable energy mix. The MoU outlines a joint effort to develop wave energy projects, starting with a feasibility study and a 100kW pilot project at BPCLs Mumbai oil terminals. BPCL will handle regulatory approvals, while Eco Wave Power will provide its patented wave energy technology. This partnership marks a significant step in positioning wave energy as a mainstream power source in Indias clean energy transition.
PartnersProduct Stage
growth-positive
Eco Wave Power signs MOU with Bharat Petroleum to develop wave energy projects
Eco Wave Power has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL) during India Energy Week 2025 to develop wave energy projects in India. This collaboration aims to integrate wave energy into Indias renewable energy strategy, with a focus on the countrys coastline, which has an estimated 40,000 MW of untapped potential. The initial phase involves a 100 kW pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger installations. BPCL will manage regulatory approvals, while Eco Wave Power will provide its wave energy technology and conduct research to optimize power generation.
PartnersProduct Stage
growth-positive
EXCLUSIVE: Eco Wave Power Signs MoU With India's Bharat Petroleum To Develop Wave Energy
Eco Wave Power Global AB has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL) to integrate wave energy into India’s renewable energy strategy. Announced on February 11, 2025, during India Energy Week, this partnership marks a significant step for Eco Wave Power as it enters the Indian market. The collaboration will start with a 100 kW pilot project at Mumbai Oil Terminals, with plans for larger projects. BPCL will handle regulatory approvals, while Eco Wave Power will provide its wave energy technology. This partnership aligns with BPCL’s goal of achieving Net Zero emissions by 2040 and positions wave energy as a key component in Indias clean energy transition.
Partners
growth-positive
Eco Wave Power and Fortune 500 Giant Bharat Petroleum (BPCL) to Tap into India's 40,000 MW Wave Energy Potential with Landmark MoU
Eco Wave Power Global AB has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to introduce wave energy as a key component of Indias renewable energy strategy. The agreement, signed during India Energy Week 2025, marks a significant step for Eco Wave Power as it partners with BPCL, a Fortune 500 company, to develop wave energy projects in India. The collaboration will begin with a 100 kW pilot project at BPCLs Mumbai Oil Terminals, with plans for larger installations. This partnership provides Eco Wave Power with access to Indias growing renewable energy market, leveraging BPCLs infrastructure and financial strength.
PartnersProduct Stage
growth-positive
Eco Wave Power to Showcase Wave Energy Technology at India Energy Week 2025 and Sign First Collaboration Agreement with a Fortune 500 Indian Company
Eco Wave Power Global AB, a leader in onshore wave energy technology, will participate in India Energy Week 2025 and sign a collaboration agreement with a Fortune 500 Indian company for a pilot wave energy project in Maharashtra. This marks a significant step in integrating wave energy into Indias renewable energy strategy. The company will showcase its technology at the event, which is a major platform for energy transformation in India. Inna Braverman, CEO of Eco Wave Power, will also speak at the Global Business Summit, focusing on renewable energy and economic growth.
Product StagePartners
growth-positive
Eco Wave Power Reaches Key Milestone in Portuguese Wave Energy Project, Paving the Way for a 2026 Launch and Global Expansion
Eco Wave Power Global AB has engaged MOQ Engineering to finalize the design and load calculations for its wave energy project in Porto, Portugal. This project, part of a 20 MW Concession Agreement with APDL, aims to align with Portugals renewable energy goals by generating significant electricity from ocean waves. The collaboration with MOQ marks a significant milestone, with the project scheduled for a 2026 launch. The initiative will feature an underwater wave energy museum and contribute to reducing the ports carbon footprint. Eco Wave Power is also expanding globally, with projects in Taiwan, Los Angeles, and plans for further international initiatives.
PartnersExpand
growth-positive
Eco Wave Power's Wave Energy System at Jaffa Port Demonstrates Reliability with 24/7 Power Production
Eco Wave Power Global AB, a leader in onshore wave energy technology, announced the successful operation of its EWP-EDF One wave energy project at Jaffa Port, Israel. The project demonstrated the reliability and sustainability of wave energy, operating continuously even under stormy conditions. This achievement highlights the potential of wave energy as a dependable renewable power source. The company is also expanding globally, with projects in Taiwan, Portugal, and an upcoming project at AltaSea in the Port of Los Angeles, in collaboration with Shell MRE. The Los Angeles project has secured a federal license and is expected to begin operations by the end of Q1 2025.
Product StagePartners
growth-positive
Inna Braverman to Speak at Imagination In Action 2025: Architects of the Global Future at Davos World Economic Forum
Eco Wave Power Global AB, a leader in onshore wave energy technology, is set to gain significant visibility as its Founder and CEO, Inna Braverman, will speak at the Imagination In Action 2025 event in Davos, Switzerland. This event coincides with the World Economic Forums Annual Meeting and focuses on global sustainability challenges. Bravermans presentation will highlight Eco Wave Powers innovative wave energy technology and its role in the transition to sustainable energy. The address will be recorded and featured on Forbes.com, expanding its reach. The event will gather influential leaders and visionaries to discuss critical issues like sustainability and data sovereignty, providing a platform for fostering connections and strategies for a sustainable future.
growth-positive
Eco Wave Power Appoints Juan Jose Gomez as the Power Station Manager of its Portuguese Project
Eco Wave Power Global AB has appointed Juan Jose Gomez to lead its wave energy project in Portugal, marking a significant step in the companys global expansion strategy. Juan brings extensive experience in renewable energy, having previously managed Eco Wave Powers pilot project in Gibraltar. His leadership is expected to optimize project efficiency, ensure regulatory compliance, and foster collaboration with local partners. This appointment underscores Eco Wave Powers commitment to advancing sustainable energy solutions and reinforces its position as a leader in the wave energy sector. The Portuguese project is a key part of the companys efforts to support Portugals renewable energy goals.
Management Changes
growth-positive
Eco Wave Power Announces Closing of $3.0 Million Registered Direct Offering to Accelerate Commercial-Scale Wave Energy Deployment
Eco Wave Power Global AB, a leader in onshore wave energy technology, has successfully closed a public offering of 300,000 American Depositary Shares, raising $3.0 million. The funds will be used to advance its wave energy projects, including a commercial-scale installation in Portugal. The offering was facilitated by Maxim Group LLC and was made under an effective shelf registration statement with the SEC. Eco Wave Power is expanding its global footprint with projects in Los Angeles, Taiwan, and Portugal, contributing to its 404.7 MW project pipeline. The company is recognized for its innovative technology that converts ocean waves into sustainable electricity, with existing operations in Israel.
Investment
growth-positive
Eco Wave Power Announces Pricing of $3.0 Million Registered Direct Offering to Propel Commercial-Scale Wave Energy Deployment
Eco Wave Power Global AB, a leader in onshore wave energy technology, has announced a securities purchase agreement with a single institutional investor to raise $3.0 million through the sale of 300,000 American Depositary Shares. The funds will be used to advance the companys projects, including a commercial-scale wave energy installation in Portugal. The offering is expected to close on December 11, 2024, with Maxim Group LLC acting as the sole placement agent. This investment is part of Eco Wave Powers strategy to expand its innovative wave energy solutions, which have been recognized as pioneering technology in Israel.
Investment
growth-positive
Wave Energy Milestone: First Grid-Connected Array in the Middle East
Eco Wave Power, a leading provider of onshore wave energy technology, has officially launched its wave energy project in Israel, now exporting electricity to the national grid. The project, recognized as Pioneering Technology by Israels Energy Ministry, is the first wave power plant in the Middle East. It operates under a Power Purchase Agreement with the Israeli National Electric Company (IEC), which purchases all the clean energy produced. The project is supported by Israels Ministry of Energy and Environmental Protection, highlighting the countrys commitment to renewable energy and energy security. This initiative marks a significant step in Israels efforts to increase renewable energy production and reduce air pollution.
CustomersPartners
growth-positive
/PRNewswire/ -- Eco Wave Power Global AB (Nasdaq: WAVE) ('Eco Wave Power' or the 'Company'), a leading provider of onshore wave energy technology, is pleased...
Eco Wave Power Global AB has successfully launched its wave energy project in Israel, marking the first grid-connected wave power plant in the Middle East. The project, supported by EDF Renewables IL and the Israeli Energy Ministry, is now exporting electricity to Israels power grid under a Power Purchase Agreement with the Israeli National Electric Company. This initiative is recognized as a Pioneering Technology by the Israeli government and is part of Israels efforts to increase renewable energy production. The project has garnered interest from countries like Turkey, Saudi Arabia, Iran, and Qatar. Eco Wave Power plans to expand its projects to Los Angeles, Taiwan, and Portugal. The companys stock has surged by 811% YTD, reflecting strong market confidence in its innovative technology.
CustomersPartners
growth-positive
Eco Wave Power to launch Israel’s inaugural wave energy project
Eco Wave Power Global is set to inaugurate Israels first wave energy project in collaboration with EDF Renewables Israel on December 5, 2024. The pilot station at Jaffa Port marks a significant advancement in reducing greenhouse gas emissions and promoting sustainable energy. This initiative positions Tel Aviv-Yafo as a hub of innovation in renewable energy and highlights the importance of diversifying Israels energy market sources. Supported by the Ministry of Energy and the Tel Aviv-Yafo municipality, the project is the first instance of electricity generated from sea waves being supplied to Israels national grid.
Partners
growth-positive
/PRNewswire/ -- Eco Wave Power Global AB (Nasdaq: WAVE) ('Eco Wave Power' or the 'Company'), a leading provider of onshore wave energy technology, is pleased...
Eco Wave Power Global AB, in collaboration with EDF Renewables IL and the Tel Aviv-Yafo Municipality, is set to inaugurate Israels first pilot station for generating electricity from sea waves on December 5, 2024. This project marks a significant milestone in the transition to renewable energy and the reduction of greenhouse gas emissions. The initiative highlights Tel Aviv-Yafos leadership in innovation and sustainability. The project is supported by the Israeli Ministry of Energy and other prestigious institutions. Eco Wave Power is expanding globally with projects in Los Angeles, Taiwan, and Portugal, and is recognized for its pioneering technology in wave energy.
Partners
growth-positive
Eco Wave Power Set to Achieve a Significant Milestone Tomorrow with the Opening of Israel's First Wave Energy Project
Eco Wave Power Global AB, in partnership with EDF Renewables IL, the Tel Aviv-Yafo Municipality, and Atarim, is set to inaugurate Israels first pilot station for generating electricity from sea waves. The event, scheduled for December 5, 2024, at Jaffa Port, marks a significant step in the transition to sustainable energy and the reduction of greenhouse gas emissions. This project highlights Tel Aviv-Yafos leadership in innovation and sustainability. The inauguration will feature speeches from key Israeli officials, emphasizing the importance of renewable energy sources for national resilience. The initiative aims to inspire further development of wave energy stations along Israels coastline.
Partners
growth-positive
Wave of Innovation: Eco Wave Power Debuts Israel's First Wave Energy Project at Jaffa Port
Eco Wave Power Global AB, a leader in onshore wave energy technology, is set to inaugurate Israels first pilot station for generating electricity from sea waves on December 5, 2024, at Jaffa Port. This project, in collaboration with EDF Renewables IL, Tel Aviv-Yafo Municipality, and Atarim, marks a significant milestone in renewable energy by supplying electricity generated from sea waves to the national grid for the first time. The initiative underscores the potential of wave energy as a clean and consistent power source, contributing to the fight against climate change and reinforcing Tel Aviv-Yafos status as a global innovation leader.
Partners
growth-positive
EXCLUSIVE: Eco Wave Power, EDF Renewables IL And Tel Aviv Partner To Launch Israel's First Wave Energy Power Plant At Jaffa Port
Eco Wave Power, in partnership with EDF Renewables IL and the Tel Aviv-Yafo Municipality, is set to launch Israels first wave energy power plant at Jaffa Port. The project, which will be inaugurated on December 5, represents a significant advancement in sustainable energy and aims to reduce greenhouse gas emissions. This collaboration highlights Tel Aviv-Yafos commitment to innovation and sustainability. The project is supported by the Chief Scientist of the Ministry of Energy and is located within Atarim’s Blue Economy Innovation Hub. Eco Wave Powers CEO, Inna Braverman, emphasizes the projects role in proving the viability of sea waves as a clean energy source. The announcement led to a 14.7% increase in Eco Wave Powers stock price.
Partners
growth-positive
Eco Wave Power Announces Q3 Results: Power Station Sale in Taiwan will Boost Q4 Revenues, 83% Energy Goal Reached in Israel, U.S. License Secured, and Shares Buyback Commenced by the Company
Eco Wave Power Global AB, a leader in onshore wave energy technology, reported significant achievements for the first nine months of 2024. The company reduced expenses by 10% from Q2 to Q3 and maintained a strong financial position with $7.04 million in cash. A key milestone was the signing of a wave energy project sale agreement in Taiwan with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company. I-Ke will finance and manage a 100KW pilot project, aiming to make Taiwan a regional hub for wave energy. Additionally, Eco Wave Power implemented an advanced automation system in Israel, enhancing power generation and operational efficiency.
Partners
Top Midday Gainers
The article from MT Newswires, dated November 18, 2024, mentions Top Midday Gainers but does not provide specific details about any company, its impact, or related issues. The article appears to be a teaser for premium content that requires a Silver or Gold subscription to access. As such, no specific information about companies, investments, acquisitions, or other business activities is available from the text provided.
growth-positive
EXCLUSIVE: Eco Wave Power Gets Green Light From US Army For First Onshore Wave Energy Project In LA
Eco Wave Power Global AB has received a Nationwide Permit from the U.S. Army Corps of Engineers for its wave energy project at the Port of Los Angeles. This project, in collaboration with Shell International Exploration and Production Inc, marks a significant milestone in developing the first onshore wave energy installation in the U.S. The permit allows the installation of wave energy floaters and an energy conversion unit, with completion expected by Q1 2025. This development is expected to boost revenues by Q4 2024. Additionally, Eco Wave Power has appointed Ran Atias as Vice President of Engineering to enhance project efficiency. The project underscores Eco Wave Powers leadership in renewable energy.
PartnersManagement Changes
growth-positive
Eco Wave Power Receives Final Permit from U.S. Army Corps of Engineers for U.S. First Wave Energy Project, at Port of Los Angeles
Eco Wave Power Global AB has received the final Nationwide Permit from the U.S. Army Corps of Engineers for its wave energy project at AltaSeas premises at the Port of Los Angeles. This milestone allows the installation of eight wave energy floaters and an energy conversion unit, marking the first onshore wave energy installation in the U.S. The project is part of an agreement with Shell International Exploration and Production Inc, announced in April 2024, to develop a wave energy pilot. The project is expected to boost Eco Wave Powers revenues in Q4 2024 and is a significant step in advancing renewable energy. The installation is planned to be completed by the end of Q1 2025.
Partners
growth-positive
Sector Update: Energy Stocks Rise Late Afternoon
The article reports a significant rise in the stock price of WAVE, an energy sector company, with a notable increase of 43.75%. This surge occurred during the late afternoon trading session, indicating a positive market response. The article is part of a premium news service by MT Newswires, which requires a subscription for full access. The report highlights the overall positive movement in energy stocks, suggesting a favorable market trend for the sector.
growth-positive
Eco Wave Power Strengthens Management - Appoints New Vice President of Engineering to Accelerate Execution of the Company's Projects in the USA, Taiwan and Portugal
Eco Wave Power Global AB, a leading onshore wave energy technology company, has appointed Ran Atias as Vice President of Engineering. Atias, with over 10 years of experience in managing complex projects across various industries, will be based in Tel Aviv, Israel. His appointment is expected to enhance engineering efficiency and accelerate project delivery timelines, contributing to the companys global growth. Eco Wave Power is currently working on multiple projects, including its first U.S.-based project in Los Angeles, with co-investment from Shell MRE, and projects in Taiwan and Portugal. The company aims to expand its project portfolio and increase revenues, with Atias playing a strategic role in achieving these goals.
Management Changes
growth-positive
/PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology...
Eco Wave Power, a leading onshore wave energy technology company, has appointed Ran Atias as Vice President of Engineering. With over a decade of experience in managing complex projects and engineering teams, Atias aims to drive innovation and accelerate project delivery for the company. This strategic appointment is expected to enhance Eco Wave Powers global growth by executing more projects efficiently. The company is currently working on projects in Gibraltar, Israel, the U.S., Taiwan, and Portugal, with co-investment from partners like Shell MRE and EDF Renewables IL. Eco Wave Powers mission is to combat climate change by harnessing ocean and sea waves for green electricity production.
Management Changes
growth-positive
Following the Signing of the Power Station Sale Agreement with Lian Tat, Eco Wave Power's CEO Arrives for an Official Site Visit on the East Coast of Taiwan
Eco Wave Power, a leading onshore wave energy technology company, has signed an agreement with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company, for the sale of its first wave energy generation unit. The project, located on the east coast of Taiwan, will begin with a 100-kW pilot and aims to expand to a 20 MW wave energy power station. I-Ke will finance the project, positioning Taiwan as a hub for future expansion into the Asia-Pacific region. The collaboration marks Eco Wave Powers first deployment in Asia, with plans to explore additional sites along the Taiwanese coastline. The project has garnered interest from Taiwans Energy Bureau and former Minister for Economic Affairs.
Partners
growth-positive
Eco Wave Power signs agreement for sale of wave energy generation unit with I-Ke
Eco Wave Power has signed an agreement with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company, to sell its first wave energy generation unit. I-Ke will fully finance a 100KW pilot project in Taiwan, marking the beginning of a larger plan to develop a 20 MW wave energy power station, with a potential expansion to 400 MW. The agreement, based on a memorandum of understanding from June 2023, aims to position Taiwan as a hub for wave energy technology in the Asia Pacific region. I-Ke will handle local production and necessary permits, while Eco Wave Power provides its wave energy conversion technology.
Partners
growth-positive
Eco Wave Power Signs a Wave Energy Power Station Sale Agreement with Taiwanese Lian Tat for its First Onshore Wave Energy Project in Asia
Eco Wave Power Global AB has signed an agreement with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company, to bring its wave energy technology to Taiwan. The project will start with a 100KW pilot and aims to expand to a 400MW commercial capacity. I-Ke will finance the pilot project and produce components locally, positioning Taiwan as a hub for wave energy expansion in Asia. This collaboration marks Eco Wave Powers entry into the Asian market and aligns with Taiwans renewable energy goals. The agreement builds on a memorandum of understanding signed in June 2023.
PartnersExpand
growth-positive
Eco Wave Power Signs a Wave Energy Power Station Sale Agreement with Taiwanese Lian Tat for its First Onshore Wave Energy Project in Asia
Eco Wave Power Global AB has signed an agreement with I-Ke International Ocean Energy Co., a subsidiary of Lian Tat Company, to bring its wave energy technology to Taiwan. The project will begin with a 100KW pilot and aims to expand to a commercial capacity of 400MW. I-Ke will finance the pilot project and produce components locally, positioning Taiwan as a hub for wave energy expansion in the Asia Pacific region. This collaboration marks Eco Wave Powers first official entry into the Asian market and is expected to contribute significantly to Taiwans renewable energy goals.
Partners
growth-positive
Eco Wave Power Announces H1 Results; Unveils Data from its Grid-Connected Project That Won the EDF Pulse Award, Kicks-Off Portugal Project, and Announces Green Light for its Shares Repurchase Program
Eco Wave Power Global AB (publ) reported its financial results for the first half of 2024, showcasing a decrease in operating expenses by 1.6% compared to the same period in 2023. The company achieved significant milestones, including the successful operation of the EWP-EDF One Project in Israel, a strategic co-investment agreement with Shell for a U.S. project, and the kickoff of a MW-scale project in Portugal. The company also announced its support for the Marine Energy Technologies Acceleration Act, which proposes a $1 billion investment in marine energy. Additionally, Eco Wave Power plans to repurchase American Depositary Shares (ADS) and expand its engineering and business development teams.
CustomersPartnersInvestmentExpand
growth-positive
Eco Wave Power Receives Green Light for the Repurchase of its American Depositary Shares
Eco Wave Power Global AB has received authorization from the Swedish Financial Supervisory Authority to repurchase American Depositary Shares (ADS) representing up to 10% of the total number of shares in the company. The decision allows Eco Wave Power to enter into relevant agreements with a bank for the execution of any necessary steps related to the buyback. The repurchase of the ADS was previously approved by Eco Wave Powers shareholders at the 2024 Annual General Meeting. The company believes that the ADS buyback program will improve the companys capital structure, driving greater shareholder value and improving the investment value of the company.
Public Trading
Growth-Positive
Eco Wave Power Receives Green Light for the Repurchase of its American Depositary Shares
Eco Wave Power Global AB, a leading onshore wave energy company, has announced that it has received authorization from the Swedish Financial Supervisory Authority (SFSA) to repurchase American Depositary Shares (ADS) representing up to 10 percent of the total number of shares in the company. The company believes that the ADS buyback program will allow its leadership to improve the companys capital structure, driving greater shareholder value and improving the investment value of the company. The repurchase of the ADS was previously approved by Eco Wave Powers shareholders at the 2024 Annual General Meeting.
Investment
Growth-Positive
3 Renewable Energy Stocks That Could Have Investors Smiling
Despite the volatility in Wall Street in 2024, renewable energy stocks remain a strong long-term bet for investors. The global renewable energy market was valued at $1.1 billion in 2023 and is expected to rally to $2.45 trillion by 2032. The ongoing artificial intelligence (AI) boom is uncovering new opportunities for renewable energy stocks. Three renewable energy stocks, Constellation Energy, NextEra Energy, and Eco Wave Global, are highlighted as strong propositions for investors. Constellation Energy has consistently outperformed the S&P 500 benchmark throughout the year. NextEra Energy, despite a reported 35.6% drop in renewables revenue in Q2, has a bright long-term outlook. Eco Wave Global, with its high clean energy potential, ended the first half of 2024 128% higher.
CustomersPartners
growth-positive
Eco Wave Power Officially Kicks Off the First MW Scale Wave Energy Project in Portugal
Eco Wave Power Global AB, a leading onshore wave energy technology company, has announced the official kickoff of its first MW-scale wave energy project in Porto, Portugal. The project is part of a 20MW Concession Agreement with APDL and will feature an underwater wave energy museum. The companys CEO, Inna Braverman, believes this project will position Eco Wave Power as a leading wave energy developer and serve as a significant milestone towards the commercialization of wave energy technology globally. The project aligns with Portugals renewable energy plan, which aims to generate 85% of its annual electricity production from renewable sources by 2030.
PartnersInvestmentExpand
growth-positive
New Federal Legislation to Invest $1 billion to Advance Marine Energy Toward Full Scale Commercialization
Eco Wave Power Global AB, a leading onshore wave energy developer, has applauded the introduction of the Marine Energy Technologies Acceleration Act by Representatives Nanette Barragán and Suzanne Bonamici. The legislation would invest $1 billion to advance marine energy toward full scale commercialization. This comes in parallel to the upcoming wave energy demonstration project to be implemented by Eco Wave Power and Shell MRE at Altasea at the Port of Los Angeles. The company believes that wave energy has massive potential and can be a significant force in combating climate change and powering communities with clean, reliable energy.
InvestmentPartners
growth-positive
Eco Wave Power Wins the Prestigious EDF Pulse Award For Developing a Profitable, Decentralized Wave Energy Technology
Eco Wave Power Global AB, a leading onshore wave energy developer, has been awarded the 2024 EDF Pulse Awards in the category of Developing a Profitable Decentralized Energy System. The award was presented by Luc Rémont, CEO of EDF, Europes largest renewable energy producer. Eco Wave Power and EDF Renewables IL jointly own and operate a wave energy pilot project in Israel, the EWP-EDF One Project, which was co-funded by EDF Renewables IL and the Israeli Ministry of Energy. The company plans to commence the installation of its third and fourth wave energy projects in the Port of Los Angeles and in Portugal.
PartnersExpand
growth-positive
Eco Wave Power Named Finalist in the EDF Pulse Awards
Eco Wave Power Global AB, a leading onshore wave energy developer, has been selected as a finalist for the 2024 EDF Pulse Awards. The company has developed a patented technology for generating clean electricity from ocean and sea waves. The recognition comes alongside a productive collaboration between Eco Wave Power and EDF Renewables IL, which jointly own and operate a wave energy pilot project in Israel. The project, which has a 100KW installed capacity, was co-funded by EDF Renewable IL and the Israeli Ministry of Energy. The power station was officially connected to the Israeli national electrical grid in August 2023.
CustomersPartnersInvestment
Growth-Positive
MicroCap Rodeo’s Spring into Summer Conference, June 6th 2024 - 25 Presenting Companies
The MicroCap Rodeo - Spring into Summer conference is set to take place on Thursday, June 6, 2024. The conference will host the executive management teams of 25 microcap companies and will be held live at Convene NYC. The event will also be webcast live. The conference will feature company presentations, 1x1 meetings for qualified investors, and guest speakers. The aim of the conference is to provide investors with top stock ideas for their portfolios by participating in group presentations and garnering an understanding into the key value drivers and potential trends for the second half of 2024 and beyond.
Partners
growth-positive
Eco Wave Power to Present at the Spring MicroCap Rodeo Conference in New York
Eco Wave Power Global AB, a leading onshore wave energy technology company, announced its participation in the Spring MicroCap Rodeo Conference on June 6, 2024. The companys CEO, Inna Braverman, will discuss the companys operational project results, upcoming projects in the Port of Los Angeles and Portugal, and new strategic partnerships. The company has completed a grid-connected project in Israel and plans to commence installation of a new pilot in the Port of Los Angeles. Eco Wave Power has received funding from various European entities and has a project pipeline of 404.7MW.
Partners
Neutral
Notice to attend the Annual General Meeting of Eco Wave Power Global AB (publ)
Eco Wave Power Global AB has announced its annual general meeting to be held on June 27, 2024. The meeting will discuss various topics including the election of board members, changes to the articles of association regarding share capital and number of shares, authorization for the board to increase share capital, purchase and transfer of company shares, and amendments to the existing Warrant program. The board has also decided to provide the option of postal voting for the meeting.
Management Changes
WAVE: Eco Wave Power: Advancing Renewable Energy with Ocean Waves
Eco Wave Power Announces Q1 Financial Results; Progress with Projects in Israel, United States and Portugal, While Continuing to Present Decrease in Operating Expenses and Plans to Enhance Cash Flow
growth-positive
Eco Wave Power Signed a Contract with a Major Energy Company for a Demonstration to Harness Energy from the Waves at the Port of Los Angeles
Eco Wave Power Global AB has announced a partnership with a major energy company to develop its first project in the United States. The project follows a comprehensive feasibility study conducted by Eco Wave Power and the energy company, which identified top locations for commercial onshore wave energy stations along the U.S. coastline and worldwide. The study found favorable conditions for clean energy production in multiple locations in the U.S. and globally. Eco Wave Power has developed a technology that converts the motion of the ocean into clean, grid-connected energy and has installed power stations in multiple locations.
PartnersInvestmentExpand
growth-positive
Eco Wave Power Chosen by a Major International Energy Company to Conduct Wave Energy Feasibility Studies for the U.S. Coastline
Eco Wave Power, a leading onshore wave energy technology company, has been selected by a major energy company to conduct a comprehensive feasibility study to identify the top locations for commercial onshore wave energy stations in the U.S. and globally. The study will be conducted over three months and will explore the best proposed implementation sites for commercial installations. Eco Wave Power has already made significant strides in the ocean energy industry, with power stations in Israel and a pilot station in Los Angeles. The company is also planning to install its first MW scale wave energy power station in Portugal.
PartnersExpand
growth-positive
Eco Wave Power Chosen by a Major International Energy Company to Conduct Wave Energy Feasibility Studies for the U.S. Coastline
Eco Wave Power, a leading onshore wave energy technology company, has been selected by a major energy company to conduct a comprehensive feasibility study to identify the top locations for commercial onshore wave energy stations in the U.S. and globally. The study will explore the best proposed implementation sites for commercial installations and reviews 77 sites in the U.S. coastline. Eco Wave Power has already demonstrated the scalability and reliability of its technology with various power stations and has a total projects pipeline of 404.7 MW.
PartnersExpand
growth-positive
Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q4 2023 Earnings Call Transcript
Eco Wave Power Global AB reported a 1,076% increase in revenues and a 36% decrease in net loss in its Q4 2023 earnings call. The company ended the year with $8.4 million in cash and deposits. The company also announced the grid connection of its Israeli project, marking the first time wave energy was officially connected to the Israeli National Electrical Grid. In January 2024, Eco Wave Power entered an investment agreement with Shell MRE for its first U.S. project at the Port of Los Angeles. The company also secured the final license for its first commercial scale project in Portugal, expected to be finalized by March 2026.
InvestmentPartners
growth-positive
Eco Wave Power Announces 1,076% Revenue Increase, Investment Agreement with Major Energy Company for its LA Project, and Final License for the Construction of its First Commercial Project in Portugal
Eco Wave Power Global, a leading onshore wave energy technology company, has reported a 1076% increase in its revenues for the fiscal year ended December 31, 2023. The company also decreased its net loss by 36% compared to 2022, ending the year with $8.4 million in cash and deposits. In 2023, Eco Wave Power won the Energy Catalyst Round 10 Innovate UK grant to design a pilot microgrid project for remote islands. The company also made significant progress with its key projects in Israel, Los Angeles, and Portugal. Furthermore, Eco Wave Power conducted several feasibility studies to explore new markets for wave energy implementation.
CustomersPartnersInvestmentExpand
growth-positive
Eco Wave Power Files its Annual Report on Form 20-F for the Year Ended December 31, 2023, and Announces Significant Progress in Full Year 2023 Financial and Operational Results
Eco Wave Power Global AB, a leading onshore wave energy technology company, has announced a 1,076% increase in revenues and a 36% decrease in net loss for the fiscal year ended December 31, 2023. The company also announced an investment agreement with a major energy company for its Port of Los Angeles project and the securing of the final license for its first commercial project in Portugal. Despite a challenging economic landscape in 2023, Eco Wave Power demonstrated resilience by increasing its revenues and decreasing its net loss, ending the year with $8.4 million in cash and deposits.
InvestmentCustomersExpand
growth-positive
Inna Braverman's Portrait will be Featured at the United Nations Vital Voices Art Exhibition for 'Women Leaders Powering the Global Goals'
Eco Wave Power Global ABs Founder and CEO, Inna Braverman, is set to be featured in an art exhibition at the United Nations Headquarters in New York. The exhibition, titled Portraits of progress: Women Leaders Powering the Global Goals, will showcase women changemakers driving solutions to advance the Sustainable Development Goals. Braverman has been selected to represent UN Goal #7: AFFORDABLE & CLEAN ENERGY for the founding of Eco Wave Power, a company that has developed innovative technology for generating clean electricity from ocean and sea waves. The exhibition will run from March 1 to March 22, 2024.
Customers
Growth-Positive
Eco Wave Power CEO Inna Braverman to Present at FII Priority Miami, Alongside Michael Dell, Mike Pompeo, Stephen Schwarzman, Jared Kushner, Gwyneth Paltrow, and other World Leaders
Inna Braverman, the Founder and CEO of Eco Wave Power Global AB, will be speaking at the FII Priority invitation-only summit in Miami on February 22-23, 2024. The summit will bring together global leaders, investors, CEOs, entrepreneurs, scientists, cultural figures, media, and FII Institute members. Braverman will be providing a keynote speech on the potential of oceantech to lead the world to a sustainable future. She will also be co-chairing a session about climate tech advancements in the global energy transition. Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity.
CustomersPartnersExpand
growth-positive
Consortium including Eco Wave Power, Toshiba, Hitachi Energy, and UK Universities Secure £1.5 Million Grant to Develop Wave-Powered Microgrid for Island in Thailand
Eco Wave Power Global has won a £1.5 million grant from Innovate UKs Energy Catalyst program. The grant is part of a consortium led by Toshiba and Aquatera to design a pilot microgrid project for a remote island in Thailand. The consortium will use the onshore Wave Energy Converters (WECs) developed by EWP and implement advanced technology developed by the corporate partners and the university teams. The new technology to be developed as part of the project includes novel and predictive control systems, a radar system to forecast wave heights, a fully AI-based load and generation prediction system, and a wireless, distributed energy management system.
InvestmentPartners
Growth-Negative
7 Renewable Energy Stocks to Avoid if You Are Looking to Grow Your Green
The article discusses seven renewable energy companies whose stocks are currently not recommended for investment. These include NextEra Energy Partners, Clearway Energy, Spruce Power Holding, Sunnova Energy, The AES Corporation, Atlus Power, and Eco Wave Power. The companies are facing various challenges such as financial losses, stock performance issues, and management changes. Despite the growing market for renewable energy, these companies are struggling to capitalize on the opportunities due to various factors such as technological challenges, policy uncertainties, and financial constraints.
InvestmentManagement Changes
growth-positive
Eco Wave Power Commences Sending of Clean Electricity to the Israeli National Electrical Grid
Eco Wave Power Global AB, a leading onshore wave energy company, has begun sending clean electricity from its EWP-EDF One project in the Port of Jaffa, Israel, to the Israeli National Electrical grid. The project was co-funded by EDF Renewable IL and the Israeli Ministry of Energy. The company is also planning to launch a project in the Port of Los Angeles, US. The companys technology has been tested and proven durable in storm conditions. Eco Wave Power has a total projects pipeline of 404.7 MW and has received funding from several entities including the European Union Regional Development Fund and Innovate UK.
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Growth-Positive
Eco Wave Power Submits an Official Request to the SFSA to Receive an Authorization for the Repurchase of American Depositary Shares Representing Up to 10% of the Company's Shares
Eco Wave Power Global AB, a leading onshore wave energy company, has submitted a request to the Swedish Financial Supervisory Authority (SFSA) for authorization to repurchase American Depositary Shares corresponding to up to 10% of the total number of shares in the company. The repurchase was approved by the companys shareholders at the 2023 Annual General Meeting. The company believes that the share buyback program will improve the companys capital structure, driving greater shareholder value and improving the investment value of the company.
Public Trading
Growth-Positive
Eco Wave Power to Host Third Quarter financial results and outlook conference call on Tuesday, December 5, 2023
Eco Wave Power Global AB, a leading onshore wave energy technology company, announced that it will hold a conference call to discuss the financial results for the third quarter of 2023. The company has completed the construction of its grid-connected project in Israel, with co-investment from the Israeli Energy Ministry. It will soon commence the installation of its newest pilot in AltaSeas premises in the Port of Los Angeles and its first MW scale wave energy power station in Portugal, Europe. The company has received funding from the European Union Regional Development Fund, Innovate UK and the European Commissions Horizon 2020 framework program.
InvestmentExpand
growth-positive
Eco Wave Power: Q3 sees a significant net loss decrease, with new orders increasing Q4 revenues. Progress in Israel, U.S., and Portugal's commercial installation
Eco Wave Power Global AB, a leading onshore wave energy technology company, has reported its financial results for the three and nine months ended September 30, 2023. The company has made significant progress with its existing projects and added new projects and collaborations to its pipeline. It has secured a UK grant of approximately $1.83 million and a GREENinMED grant from the European Union. The company is also working on projects in Israel, the US, Portugal, Taiwan, Greece, Morocco, and is conducting a feasibility study funded by a large-scale US energy company. The companys net loss for the 9 months of 2023 was $1,052,000, compared to a net loss of $2,011,000, in the same period last year.
InvestmentExpand
growth-positive
Inna Braverman Receives the Prestigious Global Leadership Award from Vital Voices by Former Secretary of State Hillary Clinton
Inna Braverman, the Founder and CEO of Eco Wave Power Global AB, a leading onshore wave energy company, has been awarded the Vital Voices Global Leadership Award. The award recognizes Bravermans pioneering work in developing technology to harness clean energy from ocean and sea waves. Eco Wave Power has a grid-connected power station in Israel and is planning additional projects in Portugal and the Port of Los Angeles. Braverman also highlighted that despite women being underrepresented in the tech sector, Eco Wave Power, a female-led company, was able to raise $30 million in funding and become publicly traded on Nasdaq.
Management Changes
Eco Wave Power Receives the Innovation Award from AltaSea at the Port of Los Angeles, as it Strides towards its First U.S. Based Wave Energy Project
growth-positive
Eco Wave Power's Founder & CEO Inna Braverman Receives the Mother Earth Award from Activist Philanthropist Melanie Lundquist
Eco Wave Power Global ABs CEO, Inna Braverman, has been awarded the Mother Earth Award by Grades of Green for her dedication to the environment. The award was presented by philanthropist Dr. Melanie Lundquist. Eco Wave Power is a leading onshore wave energy company that turns ocean and sea waves into green electricity. The company has recently connected its EWP-EDF One power station at Jaffa Port to Israels national energy grid and plans to install its first US pilot station at AltaSea at the Port of Los Angeles. The company has received funding from the European Union Regional Development Fund, Innovate UK and the European Commissions Horizon 2020 framework program.
CustomersPartnersInvestmentExpand
growth-positive
California Governor Gavin Newsom Signs Historic Wave Energy Legislation into Law
Eco Wave Power Global AB, a leading onshore wave energy developer, has applauded the signing of California Senate Bill 605 into law, which directs the California Energy Commission to evaluate the feasibility of wave and tidal energy in California. The primary sponsor of the bill is AltaSea at the Port of Los Angeles, which will soon be home to Eco Wave Powers first US pilot station. The company has also connected its EWP-EDF One power station at the Port of Jaffa in Israel to the countrys energy grid and plans to commence operations at its landmark station soon.
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Eco Wave Power Presents Significant Operational Progress as It Heads towards its First Commercial Scale Project and Reports First Half 2023 Financial Results
growth-positive
Historic Wave Energy Legislation Unanimously Passes California Legislature & Heads to Governor Newsom's Desk
Eco Wave Power Global AB, a leading onshore wave energy developer, has commended the California State Senate for unanimously passing Senate Bill 605. This bill directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave and tidal energy across Californias coastline. The bill is now awaiting Governor Gavin Newsoms approval. If approved, Eco Wave Power will install its first US pilot station in the coming months. The company has previously established energy stations in Gibraltar and Israel. The legislation is supported by AltaSea at the Port of Los Angeles, which will soon be home to some of Californias first wave energy pilot stations.
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growth-positive
Eco Wave Power is Officially Connected to Israeli Electrical Grid: The EWP-EDF One Station Supplies First Wave Energy to Country's Power Supply
Eco Wave Power Global AB has connected its wave energy project at the Port of Jaffa in Tel Aviv to Israels national electrical grid, becoming the first wave energy project to deliver electricity to the countrys power supply. The project, called EWP-EDF One, was built in collaboration with EDF Renewables IL and the Israeli Energy Ministry. It has an installed capacity of 100 KW, enough to power approximately 100 homes. The project will also serve as a public education center. Eco Wave Power plans to build more wave energy projects globally.
PartnersInvestment
growth-positive
Eco Wave Power Founder & CEO Inna Braverman to be Honored with AltaSea's Innovation Award in Los Angeles
Inna Braverman, founder and CEO of Eco Wave Power Global AB, a leading onshore wave energy company, has been named the recipient of AltaSeas Innovation Award. The award is given annually to companies or individuals creating innovative solutions to pressing global problems. Braverman will accept the award at AltaSeas annual fundraising event, Blue Hour, on October 14, 2023. In 2022, Eco Wave Power signed a collaboration agreement with AltaSea at the Port of Los Angeles to bring their technology to AltaSeas 35-acre campus at the Port of Los Angeles.
Partners
Growth-Positive
Eco Wave Power Conducts an Official Site Visit with Rogan Associates at Greece's Port of Heraklion to Discuss the Next Steps for the Planning of the 2MW Wave Energy Project
Eco Wave Power Global AB, a leading onshore wave energy company, is in the process of planning a potential 2MW wave energy power station at the Heraklion breakwater in Crete, Greece. The companys CEO, Inna Braverman, recently visited the site along with representatives from Rogan Associates S.A. The next steps for the project include further studies and analyses of the site, with Rogan Associates focusing on civil engineering and pricing for the 2 MW installation, and Eco Wave Power working on the detailed project design. The project is part of the Ports sustainability initiatives and is expected to have a transformative impact on Crete and other coastal communities throughout Greece.
PartnersInvestment
growth-positive
Assembly Committee Passes Wave and Tidal Renewable Energy Bill
Eco Wave Power Global AB, a leading wave energy developer, has announced that the California Assembly Committee on Utilities and Energy unanimously approved California Senate Bill 605 (SB 605) in late June. This bill aims to develop a new source of clean, renewable energy to help California meet its carbon-free targets. The legislation is sponsored by AltaSea at the Port of Los Angeles, home of Eco Wave Powers first wave energy power station in North America. The company is also finalizing the construction of its grid-connected project in Israel and will soon commence the installation of its newest pilot in AltaSeas premises in the Port of Los Angeles.
CustomersPartnersInvestment
Growth-Positive
Eco Wave Power Receives Grant from the European Union for Its New Wave Energy Power Station in Jaffa Port, Israel
Eco Wave Power Global AB, a leading global wave energy developer, has announced the approval of the GREENinMED grant, provided by the European Union, under the ENI CBC Mediterranean Sea Basin Programme. The grant will be used to add educational and knowledge-sharing features to Eco Wave Powers newest wave energy power station located at the Port of Jaffa in Israel. The project aims to promote and facilitate the adaptation of technologies and equipment that will produce new eco-innovative products for the tourism industry in Israel. This grant marks another milestone in the long-term productive collaboration between Eco Wave Power and various European Union (EU) funding programs.
InvestmentPartnersExpand
growth-positive
Eco Wave Power's Jaffa Port Wave Energy Station Receives Final Grant Funding from Israeli Ministry of Energy, Marking the Official Completion of the Project
Eco Wave Power Global AB, a leading onshore wave energy company, has announced the completion of its EWP-EDF One wave energy power station in the Port of Jaffa, Israel, following the receipt of final grant funding from the Israeli Ministry of Energy. The project, executed in collaboration with EDF Renewables IL and co-funded by the Israeli Ministry of Energy, is set to be Israels first onshore wave energy power station connected to the national electrical grid. The company is now awaiting the final technical approval to connect the power station to Israels energy grid.
InvestmentPartners
growth-positive
Bulletin from the Annual General Meeting of Eco Wave Power Global AB (publ)
Eco Wave Power Global AB held its annual general meeting and passed resolutions related to the financial statements, board composition, fees, auditors, share capital, articles of association, and own shares. The company is a leading onshore wave energy technology company that aims to produce green electricity from ocean and sea waves. They are currently finalizing a project in Israel and have a pipeline of commercial installations in Europe. Eco Wave Power has received funding from various sources and their American Depositary Shares are traded on the Nasdaq Capital Market.
Management Changes
growth-positive
Eco Wave Power Announces Plans for Share Repurchase Program
Eco Wave Power Global AB announces its intention to set up a share repurchase program to repurchase American Depositary Shares corresponding to up to 10 percent of the total number of shares in the Company. The program is expected to improve the Companys capital structure and drive greater shareholder value. The share repurchase program is subject to shareholder approval and necessary permits. The Companys board of directors proposed the authorization for the repurchase, which will be requested at the upcoming Annual General Meeting. The Companys CEO, Inna Braverman, believes that the program will allow the leadership to have a greater scope to act and improve the investment value of the company. The date of the event described in the article is June 30, 2023.
Public Trading
growth-positive
Eco Wave Power and Lian Tat Company Sign MoU to Bring Wave Energy to Taiwan
Eco Wave Power has signed a Memorandum of Understanding with Lian Tat Company to develop wave energy projects in Taiwan. Lian Tat will be responsible for obtaining permits and funding the joint venture, while Eco Wave Power will provide the technology and expertise. The first stage of the project will be the development of a 20 MW wave energy power station in Taiwan. The partnership aims to demonstrate the viability and scalability of wave energy in Taiwan and create economic benefits, including job opportunities. Eco Wave Power is a leading onshore wave energy technology company.
PartnersInvestment
growth-positive
California Senate Approves Wave and Tidal Renewable Energy Bill
Eco Wave Power commends the California State Senate for passing California Senate Bill 605, which directs the California Energy Commission to study the feasibility and potential for wave and tidal energy development in California. The bill aims to develop a new source of clean, renewable energy and help the state meet its carbon-free targets. If developed at scale, wave and tidal energy has the potential to supply 30% of the United States energy needs. Eco Wave Power supports the bill and believes wave energy can create clean jobs and stimulate economic growth. The bill has received support from various organizations and businesses. Eco Wave Power is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity.
Public Trading
growth-positive
Eco Wave Power Global AB (publ) Published Annual Report 2022
Eco Wave Power Global AB has published its Swedish statutory annual report for the fiscal year ended December 31, 2022. The company is a leading onshore wave energy technology company that has developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electricity. They are currently finalizing the construction of their grid connected project in Israel and will soon commence the installation of their newest pilot in the Port of Los Angeles. Eco Wave Power also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7 MW. The company has received funding from various sources, including the European Union Regional Development Fund and the United Nations.
InvestmentExpand
growth-positive
Eco Wave Power Presents Continued Operational Progress and Reports First Quarter 2023 Financial Results
Eco Wave Power Global AB, a leading onshore wave energy technology company, has announced several significant developments. The company unveiled its technology in the US for the first time at the Port of Los Angeles. It has also entered into Israels first-ever wave energy power purchase agreement with the National Electric Company. In Greece, Eco Wave Power has partnered with Rogan Associates to design its wave energy technology at the Port of Heraklion. The company is also expanding its presence in the US with the opening of a subsidiary and corporate office in New York City. Furthermore, the company supported the introduction of California Senate Bill 605, which aims to support the development of wave energy in the state.
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Neutral
Notice to attend the Annual General Meeting in Eco Wave Power Global AB (publ)
Eco Wave Power Global AB has announced its annual general meeting to be held on June 30, 2023. The meeting will discuss various topics including the election of board members, allocation of the companys result, authorization for the board to increase share capital, changes to the articles of association, and authorization for the board to purchase and transfer own shares of the company. The board proposes that the companys result be carried forward in a new account and that no dividend be paid for the financial year 2022. The board also proposes to re-elect four existing board members and elect a new member, Gilles Amar.
Management Changes
growth-positive
Eco Wave Power will Present its Innovative Technology during the Austrian Annual World Summit Hosted by Former Governor of California- Arnold Schwarzenegger
Eco Wave Power Global ABs Founder and CEO, Inna Braverman, will speak at the Austrian World Summit to discuss sustainable energy solutions and the potential of wave energy. The company is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity. The conference focuses on climate change and concrete solutions to fight it. Braverman will share insights on wave energys role in achieving a carbon-neutral future and the challenges and opportunities in the renewable energy industry. Eco Wave Power has received funding from various sources and is currently finalizing a grid-connected project in Israel. The company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW.
Partners
growth-positive
Eco Wave Power and Rogan Associates Partner to Bring Wave Energy Technology to Greece
Eco Wave Power has entered into an agreement with Rogan Associates for the design of its wave energy technology in the Port of Heraklion, Greece. Rogan Associates will design the reinforcement and potential extension of the existing breakwater, while Eco Wave Power will be responsible for the design of its pioneering wave energy technology. The collaboration is funded by a grant from the European Union Climate, Infrastructure, and Environment Executive Agency. This marks a long-term collaboration between Eco Wave Power and EU funding programs, and reinforces the companys focus on the European market. The agreement was signed after representatives from Rogan Associates and Heraklion Port Authority visited Eco Wave Powers wave energy project in the Port of Jaffa, Israel. Eco Wave Power aims to tap into Greeces untapped wave energy potential.
Partners
growth-positive
Eco Wave Power CEO Inna Braverman Spoke at the Annual Vital Voices Festival and Updated Former Secretary of State Hillary Clinton on the Progress of Wave Energy Bills in New Jersey and California
Inna Braverman, CEO of Eco Wave Power, met with former US Secretary of State Hillary Clinton to discuss wave energy legislation and request support for its implementation in the United States. The meeting took place at the 2nd annual Vital Voices Festival. Eco Wave Power is currently finalizing the construction of its grid-connected project in Israel and will soon install its newest pilot in the Port of Los Angeles. The company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW. Eco Wave Power has received funding from the European Union Regional Development Fund, Innovate UK, and the European Commissions Horizon 2020 framework program. The companys American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.
PartnersExpand
growth-positive
Eco Wave Power Submits Testimony in Support of Wave Energy Legislation in California, Which Passes Unanimously in California's Senate Energy Committee and the Natural Resources and Water Committee
Eco Wave Power CEO supports California Senate Bill 605, which aims to create a framework for the development of wave energy in California. The bill has passed two committees and is heading to the Senate Appropriations Committee. If developed at scale, wave and tidal energy can provide economic and environmental benefits. The bill has received support from various organizations and businesses. Eco Wave Power is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity. The company has unveiled an onshore wave energy unit in the United States and is finalizing a grid-connected project in Israel. They also have concession agreements for commercial installations in Europe and a total projects pipeline of 404.7MW.
PartnersPublic Trading
growth-positive
Eco Wave Power Files Annual Report on Form 20-F for the Year Ended December 31, 2022
Eco Wave Power Global AB has filed its annual report for the fiscal year ended December 31, 2022 with the SEC. The report contains audited consolidated financial statements and can be accessed on the SEC website. The company is currently finalizing the construction of its grid connected project in Israel and will soon install a new pilot in the Port of Los Angeles. Eco Wave Power has received funding from various organizations and has a total projects pipeline of 404.7MW. The companys American Depositary Shares are traded on the Nasdaq Capital Market.
Public Trading
growth-positive
Former California Governor Arnold Schwarzenegger Meets Eco Wave Power's CEO Inna Braverman and Tours Nation's First-Ever Onshore Wave Energy Location in Los Angeles
Former California Governor Arnold Schwarzenegger visited Eco Wave Powers power station in Los Angeles. The company is focused on turning ocean and sea waves into renewable energy. Schwarzenegger and Eco Wave Powers CEO discussed the potential of wave energy in the United States and ways to accelerate its adoption. The company recently announced the opening of a U.S.-based subsidiary and plans to open a corporate office in New York City. Both California and New Jersey are advancing legislation to support wave energy technology. Eco Wave Power is a global leader in wave energy technology with projects in Israel, Gibraltar, and a pipeline of projects worldwide.
PartnersExpand
growth-positive
Eco Wave Power to Open First North American Subsidiary in New York City; Expands Presence in the United States
Eco Wave Power Global AB has announced the opening of a U.S. subsidiary, Eco Wave Power U.S., and plans to establish a corporate office in New York City. The move reflects the companys commitment to expanding its footprint and impact in the United States, an important market for renewable energy. Eco Wave Powers wave energy technology has the potential to provide a reliable source of renewable energy to millions of people along the countrys coastline. The company has captured attention and signed agreements with partners such as AltaSea at the Port of Los Angeles. Legislation in New Jersey and California aims to promote and facilitate the development of wave energy. The Inflation Reduction Act provides a significant investment in clean energy, benefiting Eco Wave Powers commercialization plans. The company has a project pipeline of 404.7 MW across multiple locations globally.
Expand
growth-positive
In first, Eco Wave to supply electricity generated from waves to Israeli households
Eco Wave Power has signed a power purchase agreement with the Israeli National Electric Company to connect its wave-energy power plant and sell electricity to Israels power grid. This marks the first time that wave-powered energy will be transmitted to the national grid to provide electricity to Israeli households. The project is conducted in partnership with EDF Renewables and Israels Energy Ministry. Eco Wave Power aims to build wave energy power stations to provide clean electricity without air pollution. The company also plans to install its wave energy technology at the Port of Los Angeles, its first US site. Other companies in the clean energy sector include BaroMar and Nayam Wings.
PartnersInvestment
growth-positive
Inna Braverman, CEO of Eco Wave Power, Wins the Prestigious Award for Women Who Achieved a Breakthrough in the High Tech Industry, by The Israeli Manufacturers Association and Hi-Tech Association
Inna Braverman, Founder and CEO of Eco Wave Power, won an award for her contribution to the Israeli high-tech industry. Eco Wave Power is a leading onshore wave energy technology company that aims to combat climate change by generating green electricity from ocean and sea waves. The company is finalizing the construction of a grid-connected project in Israel and has a pipeline of commercial installations in Europe. Inna Braverman founded Eco Wave Power in 2011 and has taken the company from a startup to a NASDAQ-listed company. The award recognizes her leadership and accomplishments in the energy field.
Partners
growth-positive
History in Israel: National Electric Company and Eco Wave Power Enter into Country's First-Ever Wave Energy Power Purchase Agreement
Eco Wave Power Global AB has entered into a Power Purchase Agreement with the Israeli National Electric Company for its wave energy project in Tel Aviv. The project will be connected to Israels energy grid, marking the first time electricity produced by the power of waves will be transmitted to the national electric grid. The project is executed in collaboration with EDF Renewables IL and the Israeli Energy Ministry. Eco Wave Power is also planning to install its wave energy technology in the Port of Los Angeles, making it the first onshore wave energy station in the United States. The company has concession agreements for commercial installations in Europe and a total project pipeline of 404.7MW.
PartnersExpand
growth-positive
Historic Wave Energy Legislation Initiative Takes a Significant Step Forward in California
Eco Wave Power applauds the introduction of California Senate Bill 605, which aims to promote and facilitate the development and growth of wave energy in the state. The bill recognizes the economic and environmental benefits of wave energy and highlights its potential to contribute to Californias clean energy goals. Eco Wave Power, a leading onshore wave energy technology company, has been at the forefront of wave energy technology and has installations in Israel, Gibraltar, and soon Los Angeles. The companys innovative technology converts ocean and sea waves into clean electricity. The article also mentions a previous bill introduced in New Jersey focused on wave energy. Eco Wave Power sees wave energy as a significant source of renewable energy and is pleased to see progress in California and New Jersey.
PartnersCustomers
Eco Wave Power's CEO Inna Braverman to Speak at the Jerusalem Post's Women Leaders Summit Alongside Israel's Most Influential Women in Politics & Business
Eco Wave Power to unveil its first US based wave energy power station, showcasing its innovative technology during a high-profile news conference on January 12 at AltaSea at the Port of Los Angeles
growth-positive
Joined by Philanthropist Melanie Lundquist and Impact Investor Kat Taylor, Inna Braverman CEO of Eco Wave Power Unveiled United States' First Onshore Wave Energy Technology at the Port of Los Angeles
Eco Wave Power Global AB unveiled its wave energy technology in the United States for the first time on January 12, 2023. The company also announced the opening of an office and commercial loan hub of Beneficial State Bank, which supports blue economy-related technologies. Eco Wave Power has chosen AltaSea as the location for its first US wave energy pilot site. The company entered into an agreement with AltaSea last year to implement a wave energy pilot at AltaSeas premises at the Port of Los Angeles. Eco Wave Powers technology can supply up to 66% of the United States energy needs, according to the U.S. Energy Information Administration.
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7 Renewable Energy Stocks That Will Be Big Winners in 2023
growth-positive
Eco Wave Power wins the Prestigious Innovation Award by the Port Authority of the Balearic Islands for its Planned Wave Energy Installation at Port Adriano, Spain
Eco Wave Power Global AB has won the Timón de Innovación Award for its planned wave energy project at Port Adriano, Spain. The award recognizes the best technological advancements and ideas at the Port Authority of the Balearic Islands ports. The project, which involves the construction of a wave energy power project of up to 2 MW, is expected to produce clean energy in higher capacities than solar panels. Eco Wave Powers CEO expressed excitement about working closely with Port Adriano for the implementation of their technology in Spain. Spains commitment to renewable energy sources makes wave energy a viable option for the country.
PartnersExpand
growth-positive
Eco Wave Power's Wave Energy Conversion Unit Arrives at AltaSea at the Port of Los Angeles - Eco Wave Power
Eco Wave Powers wave energy-generating system has reached a milestone by being relocated to AltaSea at the Port of Los Angeles, marking the companys first U.S. location. The move is part of Eco Wave Powers plan to expand its global presence, with the United States offering significant growth opportunities. The companys technology can be easily transported to fit the energy needs of any country. The United States, with its extensive coastline, is an ideal place for blue renewable energy technologies. The relocation aligns with AltaSeas vision of generating renewable energy to address the climate crisis. Eco Wave Power and AltaSea will host an official event in January 2023 to celebrate the technologys arrival in the United States.
PartnersExpand
growth-positive
Eco Wave Power's Wave Energy Conversion Unit Arrives at AltaSea at the Port of Los Angeles
Eco Wave Powers wave energy-generating system has reached a milestone as it is relocated to AltaSea at the Port of Los Angeles. This marks the companys first U.S. location and is part of its plan to expand its global presence. The move aligns with the United States focus on bringing new renewable energy sources online, as well as its recent investment in climate and energy programs. The relocation of the wave energy pilot to AltaSea is seen as a step towards Californias ambitious climate goals. Eco Wave Power and AltaSea will host an official event in January 2023 to celebrate the technologys arrival in the United States.
PartnersExpand
growth-positive
EWP תקים בטורקיה את תחנת הכוח מגלי הים הגדולה בעולם - Techtime - חדשות אלקטרוניקה והייטק
Eco Wave Power has signed an agreement with OREN Ordu Enerji, fully owned by the municipality of the port city Ordu, to establish a power station for electricity production from sea waves with a total potential output of up to 77 mega-watts. The cost of establishing the power station is estimated at $150 million. As part of the agreement, the Ordu municipality will allocate nine potential sites for the establishment of power stations to EWP and lease the land to the company for a period of 25 years.
PartnersExpand
growth-positive
Eco Wave Power Inks Historic Concession Agreement to build 77-Megawatt Power Station
Eco Wave Power Global AB has entered into an agreement with OREN Ordu Enerji for the potential construction of a 77-megawatt wave energy installation in Ordu, Turkey. The estimated $150 million power station would be Turkeys first grid-connected wave energy station and the worlds largest wave energy power station. Ordu Enerji will assign nine potentially suitable breakwaters to Eco Wave Power for a period of 25 years, while Eco Wave Power will be responsible for constructing and commissioning the power plant(s). The agreement reflects a renewed effort to bridge Turkish and Israeli relations. Eco Wave Power is a leading onshore wave energy technology company.
PartnersInvestment
Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q3 2022 Earnings Call Transcript
growth-positive
AltaSea CEO Terry Tamminen Arrives from LA for an Official Visit at Eco Wave Power's Newest Wave Energy Power Station in Israel Ahead of EWP's First US Pilot Station Arrival
Eco Wave Power Global AB hosted Terry Tamminen, President and CEO of AltaSea, at their wave energy power station in Jaffa Port, Israel. This visit comes ahead of the expected arrival of Eco Wave Powers first U.S. power station at AltaSea in the Port of Los Angeles. The collaboration between Eco Wave Power and AltaSea aims to bring wave energy technology to the United States and expand its worldwide presence. The company plans to deploy its technology in Spain, Portugal, and other locations. The incorporation of wave energy into Californias grid is seen as a solution to alleviate stress on the power grid and combat climate change-related phenomena. Eco Wave Power is a leading onshore wave energy technology company with a focus on turning ocean and sea waves into green electricity.
PartnersExpand
growth-positive
Israel's Electric Authority Sets Feed-in Tariff for Eco Wave Power's EWP-EDF One Project, which Enables the Commencement of the Official Grid Connection Works by The Israeli Electric Company
Eco Wave Power Global AB has announced that the Israeli Electric Authority has set an official Feed-in Tariff (FIT) for the companys wave energy pilot project at the Port of Jaffa in Tel Aviv. This allows the project to be officially connected to Israels energy grid, marking the first time in the countrys history that electricity produced by the power of waves will be transmitted to the national electric grid. The project is executed in collaboration with EDF Renewables IL and the Israeli Energy Ministry. Eco Wave Power is also planning to install its wave energy technology at the Port of Los Angeles and has concession agreements for commercial installations in Europe.
PartnersInvestment
growth-positive
Eco Wave Power agrees to build power station in Spain
Eco Wave Power, an Israeli renewable energy technology company, has signed an agreement with Port Adriano in Spain for the potential construction of a sea-wave power plant. The agreement expands Eco Wave Powers presence in Europe and supports Spains renewable power goals. Port Adriano will provide a suitable location for the power plant, and Eco Wave Power will be responsible for securing licenses, construction, and selling the generated electricity. The CEO of Port Adriano expressed enthusiasm for the innovative project. Eco Wave Power has received funding from the European Union and the United Nations for its projects.
PartnersExpand
growth-positive
Eco Wave Power Finalizes the Production of 10 Floater Units and Commences Installation of the Floaters in the Port of Jaffa, Israel
Eco Wave Power has finalized the production of 10 floater units and has begun installing them in the Port of Jaffa, Israel. The floaters are part of the EWP-EDF One Project and are being installed in collaboration with Lesico Ltd. The next steps for the project include the installation of all 10 floaters, testing in real conditions, and connecting the power station to the grid. The company aims to generate electricity by the third quarter of this year. The use of onshore technology for the installation of the floaters highlights the simplicity and cost-efficiency of Eco Wave Powers approach. The completion of the project will result in a wave energy array connected to one conversion unit. Eco Wave Power is a leading onshore wave energy technology company.
PartnersExpand
Growth-Positive
"גלי הים יכולים לייצר פי 2 מכמות החשמל שמיוצרת בעולם כיום" כלכליסט
Ina Braverman, CEO of Eco Wave Power, spoke at the Calcalist Energy Conference about the potential of wave energy. She stated that by 2023, 30% of the worlds energy is expected to be produced from renewable sources, up from 18% today. The renewable energy market is expected to grow by 50% by 2025, from $313 billion to $436 billion. Braverman highlighted the advantages of wave energy, including its ability to produce electricity 24/7 and its potential to generate twice the amount of electricity currently produced worldwide. Eco Wave Power has developed a technology that connects to existing structures and produces electricity that is transferred to the grid. The company is currently building a power station in Israel in partnership with EDF Renewable Energies, funded by the Ministry of Energy.
Expand
growth-positive
Eco Wave Power reports milestones in Portugal, Israel
Eco Wave Power Global AB has obtained the installation and grid connection permit for a 1-MW wave energy pilot project in Portugal. The project is part of a 20-MW concession agreement signed with port authority APDL SA. Eco Wave Power has also signed a collaboration agreement with the Procurement Administration in the Israeli Ministry of Defense to examine the feasibility of deploying its technology in Navy bases. This collaboration opens up potential future contracts with navy bases worldwide, representing a new market segment for wave power.
PartnersExpand
Neutral
Collaboration Between Eco Wave Power, Israeli Ministry of Defense Off Grid Energy Independence
The article discusses various topics related to energy and decarbonization. It mentions the potential of Small Modular Reactors (SMRs) to disrupt the nuclear industry by reducing the cost of nuclear energy. It also talks about the role of gas separation membranes in decarbonization and the growth of the battery energy storage system (BESS) market. Furthermore, the article highlights the opportunities for thin film photovoltaics in emerging applications like indoor energy harvesting and building integrated PV. The article does not mention any specific company, investors, or partners.
InvestmentExpand
growth-positive
אקו ווייב פאואר מעוניינת לגייס 9 מיליון דולר בהנפקה בנסד"ק - Techtime - חדשות אלקטרוניקה והייטק
Eco Wave Power, a company that developed technology for generating electricity from on-shore waves, has filed with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company plans to raise approximately $9 million through the offering. Currently traded on the First North exchange in Sweden, Eco Wave Power aims to become a dual-listed company in Sweden and the US. The IPO will be conducted through American Depositary Shares (ADS), with each ADS representing 8 shares of the company. Eco Wave Power is also preparing for an investor roadshow. The date of the offering has not been determined yet. The companys current market value is $36.4 million.
Public TradingInvestment
growth-positive
Eco Wave Power is selected for Two Accelerator programs: in Spain by the Spanish Governmental Organization ICEX, and in the UK by Global Tech Connect
Eco Wave Power has been selected for two accelerator programs in Spain and the UK, providing opportunities for partnerships and growth in the wave energy sector. The programs aim to facilitate business opportunities through investor networks, events, and support. Spain and the UK are attractive markets for renewable energy companies, and Eco Wave Powers technology has already received positive attention in both countries. The company has signed letters of intent with major ports in Spain and the UK. Spain has set a target of 74% renewables by 2030, while the UK aims to reach net-zero by 2050. Eco Wave Power sees these markets as strategic for its expansion and project development. The programs are supported by the Spanish government and various partners in the UK.
PartnersCustomers
growth-positive
Eco Wave Power's EWP -EDF One Conversion Unit Arrives on Site at The Port of Jaffa
Eco Wave Powers wave energy conversion unit has arrived at the Port of Jaffa in Israel for installation. The project is proceeding on schedule, and the company is on track towards project finalization. The EWP-EDF One conversion unit is located on land, highlighting the advantages of the companys onshore technology. The project is executed in collaboration with EDF Renewables IL and co-funded by the Israeli Energy Ministry. Eco Wave Power is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity. The company has received recognition and funding for its projects and is traded on Nasdaq First North Growth Market.
PartnersInvestment
growth-negative
Israeli wave energy co EWPG to hold Nasdaq IPO
Israeli wave energy company Eco Wave Power has filed to raise $8.5 million on Nasdaq. Since its IPO in Sweden in 2019, the companys market cap has fallen by 38%. The company has developed technology to convert wave power into electricity and is the only company in the world that operates a system to produce energy from waves and sells electricity to the grid. However, the company still has no revenue and made a net loss of $2 million in 2020. Eco Wave Power has $10.7 million in cash and 15 employees.
InvestmentPublic TradingManagement ChangesLayoffs
growth-positive
Eco Wave Power seeks US listing on Nasdaq
Sweden-based marine energy firm Eco Wave Power (EWP) is preparing for an IPO on Nasdaq in the US. The company has submitted a draft registration statement with the SEC and expects the public listing to occur after a review process. Eco Wave Power develops onshore wave energy technology and owns and operates a plant connected to the grid with a power purchase agreement. The companys global pipeline exceeds 190 MW, including projects in Israel and Gibraltar. It has started preparation works for a 100-kW project in Israels Port of Jaffa in partnership with EDF Renewables IL.
Public TradingPartners
growth-positive
EDF and Eco Wave Power start preparation work for Israeli project
Eco Wave Power, in partnership with EDF Renewables, has started the preparation work for a wave energy project at the Port of Jaffa, Israel. The project will include 10 floaters connected to one conversion unit and will be co-funded by the Israeli Energy Ministry. The installation of the floaters will enable the company to send clean electricity from sea waves to the Israeli national electrical grid for the first time.
PartnersInvestment
growth-positive
Eco Wave Power Wins the Global Innovation Award 2021 at Abu Dhabi Sustainability Week
Eco Wave Power, a Swedish-Israeli wave energy developer, won the public voting for the Global Innovation Award in the Life Under Water category at Abu Dhabi Sustainability Week. The companys wave-to-energy solution generates clean electricity from ocean and sea waves. The award aims to attract sustainable innovations from around the world to support the UAEs goal of becoming a world leader in sustainable development. Eco Wave Powers market entry into the region is seen as a positive growth opportunity. The companys mission is to combat climate change by enabling commercial power production from waves.
Public Trading
growth-positive
Eco Wave Power Commences Grid Connection Works for the EWP-EDF One Project in the Port of Jaffa, Israel
Eco Wave Power has officially commenced the grid connection works for the EWP-EDF One wave energy project in the Port of Jaffa, Israel. The works are being performed in two parts, with the first part expected to be completed by the end of January. The grid connection works will span approximately 170 meters of underground cables. This onshore technology is more cost-efficient and less complex compared to offshore solutions. The project is executed in collaboration with EDF Renewables IL and co-funded by the Israeli Energy Ministry. Eco Wave Power is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity.
PartnersInvestment
growth-positive
Eco Wave Power signs Collaboration Agreement with Meridian Energy Australia
Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia to jointly investigate the development of commercial wave energy power projects in the Australian National Electricity Market. This collaboration is a significant step in the commercialization of wave energy. Meridian Energy Australia is a subsidiary of Meridian Energy Limited, a renewable energy leader listed on the Australian and New Zealand stock exchanges. Eco Wave Power is a leading onshore wave energy technology company that aims to turn ocean and sea waves into green electricity. The company has received recognition and funding for its projects and is traded on Nasdaq First North Growth Market.
Partners
growth-positive
Eco Wave Power Develops a Game-Changing Wave Energy Power Plant Verification and Maintenance Software
Eco Wave Power, a Swedish wave energy company, has developed a new software for real-time production verification and maintenance of wave energy power plants. The software aims to provide a complete and fast live report of the current efficiency status of each wave energy module in a power plant. It can also detect failures in wave modules instantly. Eco Wave Power plans to add the software to its product portfolio and position itself as a world-leader in proprietary software for the wave energy industry. The company intends to release the software for use by third parties through licensing agreements. The first trial launch of the software will be in the EWP-EDF One project, which is financed by the Israeli Energy Ministry and EDF Renewables IL.
CustomersPartners
growth-positive
Eco Wave Power Announces Strategic Collaboration with Painhas Engineering and Construction Company for its Portugal Project
Eco Wave Power announces a strategic collaboration with Painhas, an engineering and construction company, for the licensing of its Portugal project. Painhas will provide technical support for the official licensing procedures for Eco Wave Powers planned 20MW wave energy project. Once licensing is obtained, the collaboration will continue for the execution of the project. Eco Wave Power believes that this collaboration will shorten the licensing procedures and help them progress with their Portugal project.
Partners
growth-positive
Waves are generating power-just one of many signs of hope for our planet
The article discusses signs of progress towards a brighter future for the planet, focusing on pollutants becoming art and the use of LEDs to cut energy use. It is part of National Geographics special issue on Earth Day. The impact on the company is growth-positive, as it highlights the companys commitment to environmental issues and attracts subscribers interested in the topic. The key theme of the article is environmental progress. The key issue discussed is the impact on customers, as the article is only accessible to National Geographic subscribers. The date of the event described in the article is March 25, 2020. The confidence level of the answer is 8.
Customers
growth-positive
Ocean Energy - Eco Wave Power Installs a Combined Wave and Solar System in Gibraltar - Renewable Energy Magazine, at the heart of clean energy journalism
The article discusses the finalists for the ees Award at the ees fair, which is the European fair for batteries and energy storage systems. Being selected as a finalist is considered a success for the companies involved. The article highlights the ten finalists for the ees Award in 2021. The event is part of The smarter E, which is an annual European energy sector event. The key topics discussed in the article include batteries, energy storage, the fair, the ees Award, and innovation.
PartnersCustomers
growth-positive
Eco Wave Power completes wave simulation testing for Jaffa Port expansion project - Energy Live News
Eco Wave Power (EWP), an onshore marine energy developer, has completed wave simulation testing of its integrated conversation unit as part of its Jaffa Port expansion project. The project, co-funded by the Israeli Energy Ministry, involves the installation of 10 floaters on a 30-metre stretch of a pre-existing breakwater within the port. Siemens and EDF Renewables IL are partners in the project, with Siemens providing the technology and products for the electric system and grid connection.
PartnersExpand
growth-positive
Female Israeli entrepreneur wins UN Climate Action Award
Tel Aviv-based Eco Wave Power, a world-leading project generating clean energy from ocean waves, received a United Nations Climate Action Award in the category of Women for Results. The company has developed a patented technology for turning ocean waves into green electricity and has projects in Gibraltar and Israel. The Gibraltar project, funded by the European Union, aims to supply 15 percent of Gibraltars energy needs. Eco Wave Power has branches in multiple countries.
PartnersInvestment
growth-positive
Eco Wave Power raises $13.6m in Stockholm IPO
Israeli-Swedish wave energy company Eco Wave Power has raised $13.6 million in its IPO on the Nasdaq First North stock exchange. The company, which has developed technology for turning sea waves into electricity, plans to use the funds to construct an initial commercial farm for producing energy from sea waves and expand its projects and marketing and sales activity. Eco Wave Power currently operates two energy production farms and has a total of 190 megawatts in projects across multiple countries. The IPO attracted 5,900 investors, including AP4 and Skania Fonder, who became the largest shareholders in the company.
InvestmentPublic Trading
growth-positive
Alternative Energy Company EWP Gearing Up for Nordic IPO
Alternative energy company Eco Wave Power Ltd. is preparing for an IPO on Nasdaq First North. The company aims to raise $12 million to $20 million with a valuation of $50 million to $70 million. EWP designs and manufactures wave energy converters and already operates a small plant in Gibraltar. It has also signed an agreement with the government of Gibraltar to establish a larger plant. EWP chose to list in Sweden due to the countrys reliance on renewable power sources and investor openness to the industry. The IPO will help EWP secure funding for future power plant construction and facilitate working with governments.
Public TradingInvestment
growth-positive
Israel's Eco Wave Power looks to partner Indian firms
Israel-based Eco Wave Power is looking for a strategic partner in India to start a pilot project and scale operations across the country. The company is in talks with several Indian companies, including Adani Group. India has significant potential for wave energy, with an estimated capacity of over 53 GW. Eco Wave Power has developed a technology that allows for on-shore wave energy installations, reducing costs and environmental impact. The company currently has two operational power plants and aims to bring down the cost of wave energy plants to below $1 million per MW. This partnership in India will contribute to the companys growth in the renewable energy sector.
PartnersCustomers
growth-positive
to-the-point: Eco Wave Power to build 4.8-MW plant in Mexico
Eco Wave Power Mexico, a subsidiary of Eco Wave Power Ltd, is developing a 4.8-MW wave energy plant in Colima state, Mexico. The project requires MXN 264 million (USD 14.1m/EUR 11.5m) in investments and is expected to be operational in 18 months. The plant, named Eco Wave Manzanillo I, will produce 18,200 MWh annually and have a lifespan of 25 years.
InvestmentExpand
growth-positive
Ocean Energy - Eco Wave Power Reaches 15,000 Grid-Connection Hours in Pilot Plant in Gibraltar - Renewable Energy Magazine, at the heart of clean energy journalism
The article discusses the finalists for the ees Award at the ees fair, the largest European fair for batteries and energy storage systems. Being selected as a finalist is considered a success for the companies involved. The article highlights the ten finalists for the ees Award 2021, which is part of the larger annual European energy event, The smarter E.
PartnersCustomers
growth-positive
10 disruptive Israeli companies that can wean the world off fossil fuels
The article discusses the efforts of various Israeli companies to accelerate the end of fossil fuels and promote renewable energy. It highlights 10 Israeli companies that are working on innovative solutions in the fields of solar energy, electric cars, and alternative fuels. These companies are making significant progress in developing technologies that can reduce dependence on fossil fuels and promote a cleaner and more sustainable energy future. The article emphasizes Israels expertise and leadership in niche areas such as solar energy, battery technologies, and electric car components. It also mentions the growth of alternative fuel research groups and companies in Israel, indicating the countrys commitment to reducing its dependence on oil for transportation. Overall, the article has a positive impact on the growth and reputation of Israeli companies in the renewable energy sector.
InvestmentExpand
growth-positive
Limitless wave power could cure our addiction to fossil fuels
Eco Wave Power, a company that harnesses wave energy, is proposing a solution to the renewable reliability problem by using buoys and generators attached to existing marine structures. This approach ensures that the wave-powered generators are always running, unlike other renewable sources like solar or wind. The company has developed a modular system of buoys that can be submerged or lifted out of the water during storms, reducing the risk of damage. Eco Wave Power has successfully demonstrated its technology and is now looking to deploy it on a large scale, starting with China. The potential market for wave energy varies from country to country, but the company believes that wave power could eventually account for up to 50% of global energy consumption.
CustomersPartners
growth-positive
For Chernobyl survivor, breaking the waves to power the future is 'personal'
Eco Wave Power, an Israeli company, is developing technology to convert wave power into electricity. The company has projects in Gibraltar, Mexico, Chile, and China, and is now looking to enter the Australian market. Wave energy has the potential to contribute up to 11% of Australias electricity by 2050, according to a CSIRO report. Eco Wave Power claims to have an advantage by having all its infrastructure onshore, reducing costs. The company is currently raising $6 million in capital, with Redfield Asset Management as the lead investor. They are also considering listing on the Australian Stock Exchange. Despite the potential of wave energy, many previous projects have failed due to high costs and technical challenges.
PartnersInvestmentPublic Trading
growth-positive
Netanyahu visit 'very exciting' for Australian business
A group of 23 Israeli companies are visiting Australia, representing various industries such as energy, technology, and medical innovations. This visit follows several trade and investment delegations from Australia to Israel. The Australia-Israel Chamber of Commerce is leading these efforts to strengthen business relationships between the two countries. ANZ Banking Group chairman David Gonski and Commonwealth Bank of Australia chief executive Ian Narev will lead another business tour to Israel later in the year. The visit by Israeli Prime Minister Benjamin Netanyahu is seen as an important opportunity to deepen business relationships. In the 2015-16 financial year, two-way trade between Australia and Israel totaled $1.1 billion.
Partners
growth-positive
Eco Wave Power turns wave power into electricity
Eco Wave Power, a Tel Aviv-based firm, is capturing wave energy to convert it into electricity. The company has launched a commercial grid-connected plant in Gibraltar and is planning a 50-megawatt project in China. Eco Wave Powers floats are attached to coastal infrastructure and use hydraulic cylinders to harness the pressure created by ocean swells. The company aims to replace traditional technologies with its wave energy technology. They are also expanding to Chile, Mexico, and the UK, and have received interest from Ghana, India, and the Philippines. The article highlights the efficiency and potential of wave energy as a renewable energy source.
Expand
growth-positive
Meet Eight Young Energy Innovators With Ingenious Ideas
The article features eight young innovators in the renewable energy sector. One of them is David Amster-Olszewski, the founder of SunShare, a company that builds shared solar gardens where homeowners and businesses can buy shares in solar panels and receive credits on their utility bills. SunShares solar garden in Colorado Springs was one of the first in the country and quickly sold out. The company has since expanded to the Denver area and Minnesota. The article highlights the growing trend of community solar projects in the US. The impact on SunShare is growth-positive as the company has seen success and expansion in the community solar industry.
Customers
growth-positive
Eco Wave Power completes installation of innovative device in Gibraltar
Seawork, Europes largest commercial marine and workboat exhibition, is hosting its 25th edition. The exhibition provides businesses with the opportunity to showcase their services, equipment, vessels, and supplies to an international audience. Additionally, Seawork is partnering with the Commercial Marine Network and Maritime Journal to introduce Series 3 of Get set for Workboat 2050, an online conference series focusing on decarbonisation compliance and practical applications in the workboat industry.
Partners
growth-positive
Eco Wave Power Turns Seawater Into Energy At New Gibraltar Plant
Israeli startup Eco Wave Power has completed its first commercial-scale power plant in Gibraltar, which is expected to produce 15 percent of Gibraltars electricity within two years. The company uses uniquely shaped buoys to convert ocean waves into electricity. Eco Wave Power has also established a subsidiary in China and operates two power stations in Israel. The company recently raised $2 million in a financing round led by Pirveli Ventures and received a grant from the European Union for its Gibraltar project. Investors believe in Eco Wave Powers potential to produce cost-effective, renewable energy from sea waves.
CustomersInvestment
growth-positive
Wave energy co Eco Wave Power raises $2m
Israeli startup Eco Wave Power has closed a $2 million financing round led by Pirveli Ventures. The investment will help Eco Wave Power finalize the commercialization of its wave energy conversion systems. The company has already demonstrated its ability to produce electricity on a commercial scale and holds a 111MW projects pipeline. The total funding requirement for the pipeline is around $150 million. Eco Wave Power aims to have a fully commissioned wave farm by the end of 2015 and eventually produce up to 15% of Gibraltars electricity.
InvestmentPartners
growth-positive
Eco Wave Power Installs Second Generation Power Plant in Israel
Eco Wave Power has completed the installation of its second-generation Power Plant in Israel. The company has performed wave pool testing and real conditions testing to prove the durability of its components. They have also developed a unique automation system for data collection and remote control of the power plant. The upgraded power plant in Jaffa Port will be working with two floaters. Eco Wave Power invites potential partners, clients, and investors to visit the power station in Jaffa.
CustomersPartners
growth-positive
Ocean Energy - Eco Wave Power wins 'Wow Competition' during MIXIII 2014 Innovation Conference - Renewable Energy Magazine, at the heart of clean energy journalism
The article discusses the finalists for the ees Award at the ees fair, which is the European exhibition for batteries and energy storage systems. Being selected as a finalist is considered a success for the companies involved. The article mentions ten finalists for the ees Award in 2021. The ees fair is part of The smarter E, an annual European event in the energy sector. The key topics of the article include batteries, energy storage, the ees Award, innovative products, and The smarter E.
PartnersCustomers
growth-positive
Eco Wave Power Expands to China: Mr. Benjamin Netanyahu, Israel's Prime Minister Attended the Signing Ceremony Between EWP and the Chinese Governmental Fund
Eco Wave Power has signed a collaboration agreement with a Chinese Governmental fund to establish a local WFOE called Eco Wave China. The agreement includes an initial investment value of 5 Million RMB, with 4 Million RMB provided by the fund and 1 Million RMB matched by Eco Wave Power. The companys technology is well-suited for implementation in China due to its extensive coastline and power supply shortages. Chinas increasing coal use and pollution have created a need for renewable energy sources. Eco Wave Power aims to become a leader in the wave energy industry in China.
PartnersInvestment
growth-positive
Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation
Eco Wave Power has been recognized by Frost & Sullivan for its all-round solution for effective energy harvesting from waves. The company focuses on exploiting maximum energy from waves at an affordable price range. It has implemented proprietary technology in its floaters, achieving maximum efficiency in energy generation. Eco Wave Powers strategy is to deliver and commercialize technologies quickly, and it is open to collaborations with organizations interested in wave energy. The company is capable of supporting different project structures and is expected to enhance its prominence in the wave energy industry. Eco Wave Power has developed proprietary technology for extracting energy from ocean and sea waves and converting it into electricity.
CustomersInvestment
Eco Wave Power Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 25 |
| Team members | 4 |
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Eco Wave Power Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Yamila Silbert |
| Registrar ID | 514593722 |
| Crunchbase | eco-wave-power |
| Phone | +97235094017 |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-03-25T00:00:00.000Z |
| Created | 2014-09-21T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on NASDAQ on Jul, 2022<br> |