Core Viewpoint - Eco Wave Power Global AB has engaged MOQ Engineering to finalize the design and load calculations for its wave energy project in Porto, Portugal, marking a significant milestone towards a targeted launch in 2026 [1][2][5]. Project Details - The project is part of a 20 MW Concession Agreement with Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL) and aims to generate 85% of Portugal's electricity from renewable sources by 2030 [2][5]. - It will feature Eco Wave Power's proprietary technology and include an underwater wave energy museum and education center [2][5]. Engineering Collaboration - MOQ Engineering will focus on the final civil engineering design and load calculations for the floaters, essential components of the wave energy conversion system [3][4]. - The completion of MOQ's work is scheduled for February 2025, after which Eco Wave Power will submit the full execution project to APDL for approval [3][4]. Environmental and Economic Impact - The project is expected to significantly reduce the port's carbon footprint, create new jobs, and contribute to Portugal's renewable energy industry [5]. - It represents the first MW-scale wave energy project in Porto, demonstrating the potential for significant energy production from ocean waves [5]. Global Expansion - Eco Wave Power is advancing additional projects globally, including initiatives in Taiwan and the Port of Los Angeles, further expanding its footprint in the wave energy sector [6][14]. - The company has a project pipeline totaling 404.7 MW and has received support from various prestigious institutions [14][15].

Core Insights - Eco Wave Power Global AB is a leader in onshore wave energy technology and will have its CEO, Inna Braverman, speaking at the Imagination In Action 2025 event in Davos, Switzerland, on January 22, 2025, highlighting the company's commitment to sustainable innovation and renewable energy [1][3]. Company Overview - Eco Wave Power is revolutionizing clean energy with patented technology that converts ocean and sea waves into sustainable electricity, operating the first grid-connected wave energy system in Israel [7]. - The company has received support from notable institutions, including the European Union Regional Development Fund and Innovate UK, and has been recognized with the United Nations' Global Climate Action Award [7][8]. - Eco Wave Power is expanding globally, with projects planned at the Port of Los Angeles, Taiwan, and Portugal, contributing to a project pipeline totaling 404.7 MW [12]. Event Details - The Imagination In Action 2025 event will feature a diverse lineup of speakers, including Nobel laureates and leaders from various sectors, focusing on critical global challenges such as sustainability and generative AI [2][5]. - Inna Braverman will deliver a 90-second "Inspiration Spark" presentation, which will be recorded and featured in a mini-documentary on Forbes.com, amplifying the message of sustainable energy [4][10].

PORTO, Portugal, Dec. 16, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading innovator in onshore wave energy technology, is pleased to announce the appointment of Juan Jose Gomez to spearhead the execution of its ambitious wave energy project in Portugal. With his extensive expertise and proven leadership in renewable energy initiatives, Juan will also oversee the operation and maintenance (O&M) activities once the project becomes operational. ...

TEL AVIV, Israel, Dec. 12, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company"), a leading innovator in onshore wave energy technology, today announced that it has closed its previously announced offering of 300,000 American Depositary Shares ("ADSs")(or ADS equivalents), each representing eight common shares of the Company, at a public offering price of $10.00 per ADS (or ADS equivalent) for gross proceeds of $3.0 million (the "Offering"), before deducting ...

TEL AVIV, Israel, Nov. 26, 2024 /PRNewswire/ -- Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading provider of onshore wave energy technology, is pleased to announce that Eco Wave Power and EDF Renewables IL, in collaboration with the Tel Aviv-Yafo Municipality and the municipal company Atarim, will inaugurate Israel's first pilot station for generating electricity from sea waves on Thursday, December 5, 2024, at Warehouse 2 in Jaffa Port. This groundbreaking global proje ...

SOUTH JORDAN, Utah, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced positive six-month findings from the single-arm AVG cohort of its WRAPSODY Arteriovenous Access Efficacy (WAVE) pivotal trial. The data were presented at the 51st annual VEITHsymposium during the Novel Technologies in Hemodialysis Access session. An AVG is a synthetic tube that is used for long-term access to blood vessels for patients undergoing hemodia ...

STOCKHOLM, Nov. 21, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology company, is pleased to report its financial results as of and for the nine months ended September 30, 2024, and provide a corporate update.Management CommentaryOperationsIn the first nine months of 2024, Eco Wave Power achieved several significant milestones, demonstrating our commitment to growth and resilience. We continued t ...

LOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading provider of onshore wave energy technology, is pleased to announce it has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its groundbreaking wave energy project at AltaSea's premises at the Port of Los Angeles.This milestone marks a significant step forward in the development of Eco Wave Power's pioneering wave energy project, which is set to ...

Core Viewpoint - Eco Wave Power has signed an agreement for the sale of its first wave energy generation unit to I-Ke International Ocean Energy Co, marking a significant step in the deployment of wave energy technology in Taiwan [1][3]. Group 1: Project Details - The project involves a 100KW pilot wave energy power station, with I-Ke providing full financing and purchasing a turnkey conversion unit from Eco Wave Power [3]. - The first stage of the project aims to develop a 20 MW wave energy power station, starting with the 100KW pilot and expanding to a total targeted installed capacity of 400 MW [4]. - I-Ke has identified 83 potential sites along the Taiwanese coastline for future commercial implementation of Eco Wave Power's technology [5][11]. Group 2: Company Background - Eco Wave Power is a publicly traded company specializing in onshore wave energy technology, with a mission to combat climate change by enabling commercial power production from ocean waves [12]. - The company has a project pipeline totaling 404.7 MW and has received funding from various European entities, including the European Union Regional Development Fund [14]. - I-Ke International Ocean Energy, a subsidiary of Lian Tat Company, focuses on developing wave power projects in Taiwan and aims to promote clean energy [10][11]. Group 3: Leadership and Partnerships - Inna Braverman, CEO of Eco Wave Power, expressed excitement about the project and acknowledged the support from local partners and the Taiwanese government [5]. - The project has garnered interest from key figures in Taiwan's energy sector, including Mr. Yu Zheng Wei and Mrs. Wang Mei Hua, indicating strong local support for the initiative [6]. - The collaboration between Eco Wave Power and I-Ke is seen as a strategic move to position Taiwan as a hub for wave energy expansion in the Asia-Pacific region [4].

The Project is Expected to Commence with a Landmark 100KW Pilot Project, and Gradually Expand to 20MW, Followed by an Ambitious Target of 400MW of Commercial Capacity on the Taiwanese Coastline. TEL AVIV, Israel, Oct. 7, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology company announced today that it signed an agreement for the sale of the first wave energy generation unit with I-Ke Internationa ...