Core Insights - Eco Wave Power Global AB is initiating critical infrastructure enhancements for its first 1MW wave energy project in Porto, Portugal, expected to be completed by 2026 [1][2][3] Project Overview - The Porto project aims to harness ocean wave energy to generate sustainable electricity, transforming "The Gallery," an existing breakwater tunnel, into a facility for wave energy conversion equipment and an underwater museum [2][3] - The project supports Portugal's renewable energy strategy, which targets 85% renewable electricity generation by 2030, and serves as a model for global expansion [3] Key Activities - Eco Wave Power is undertaking several activities to prepare "The Gallery" for equipment installation, including sand and debris removal, structural reinforcements, and waterproofing measures [6][7] - Following infrastructure enhancements, the next phase will involve the production and deployment of proprietary wave energy technology [3][5] Management and Engineering Support - The company appointed Juan José Gómez as Power Station Manager to oversee project implementation, ensuring alignment with technical and operational goals [4] - MOQ Engineering, a Portuguese firm, has been engaged for final design and load calculations, utilizing advanced technologies like Building Information Modelling (BIM) [4][5] Commitment to Sustainability - Eco Wave Power emphasizes its commitment to delivering a robust and scalable wave energy solution in Portugal, collaborating with top-tier engineering experts [5][6] - The company operates the first grid-connected wave energy system in Israel and is expanding globally with projects in Los Angeles, Taiwan, and Portugal, totaling over 404.7 MW in its project pipeline [6]

Core Viewpoint - Eco Wave Power Global AB is set to present at the Centurion One Capital 8th Annual Growth Conference, highlighting its advancements in wave energy technology and growth strategy [1][4]. Company Updates - Inna Braverman, the Founder and CEO, will present key updates on existing and upcoming projects on March 6th, 2025, at 2:30 PM EST, and will participate in a panel discussion titled "Innovating Ahead" at 1:45 PM EST [2][4]. - Throughout the conference, Braverman will be available for investor meetings to discuss the company's growth strategy and technological advancements in the wave energy sector [3]. Industry Context - Eco Wave Power is recognized as a leader in onshore wave energy technology, focusing on sustainable energy solutions and strategic collaborations with industry leaders globally [4]. - The company operates the first grid-connected wave energy system in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, and is expanding its project pipeline, which totals 404.7 MW [9][10]. - The company has received support from prestigious institutions such as the European Union Regional Development Fund and was honored with the United Nations' Global Climate Action Award [10].

Core Insights - Eco Wave Power Global AB has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to introduce wave energy as a significant part of India's renewable energy strategy [1][5][7] Group 1: Partnership Details - The MoU was signed during India Energy Week 2025, with key figures from both companies present, including India's Minister of Petroleum and Natural Gas [2][4] - BPCL, a government-owned Fortune 500 company with a market capitalization of approximately $12 billion, has chosen Eco Wave Power as a strategic partner after evaluating wave energy technologies [4][5] - The collaboration will begin with a feasibility study for a 100 kW pilot project at BPCL's Mumbai Oil Terminals, with plans for larger commercial-scale installations across India [5][6] Group 2: Market Potential - India's Ministry of New and Renewable Energy (MNRE) recognizes ocean energy as a promising renewable resource, estimating 40,000 MW of untapped potential along the coastline [3][4] - The partnership provides Eco Wave Power with access to one of the fastest-growing renewable energy markets, leveraging BPCL's infrastructure and financial strength [7][8] Group 3: Strategic Vision - BPCL aims to achieve Net Zero emissions by 2040 and is expanding its renewable energy initiatives through this collaboration [5] - Eco Wave Power's technology is positioned to play a crucial role in India's clean energy transition, with significant potential for wave energy along the country's extensive coastline [8]

Core Insights - Eco Wave Power Global AB has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to introduce wave energy as a significant part of India's renewable energy strategy [1][5][7] Company Overview - Eco Wave Power is a leader in onshore wave energy technology, focusing on converting ocean and sea waves into sustainable electricity [12] - BPCL is a government-owned Fortune 500 oil and gas company with a market capitalization of approximately $12 billion, actively pursuing renewable energy initiatives [4][11] Collaboration Details - The MoU was signed during India Energy Week 2025, with the first phase involving a 100 kW pilot project at BPCL's Mumbai Oil Terminals [5][8] - BPCL will handle regulatory approvals and land use consents, while Eco Wave Power will provide its patented technology and optimize power generation efficiency [6] Market Potential - India's coastline has an estimated 40,000 MW of untapped ocean energy potential, aligning with the Ministry of New and Renewable Energy's recognition of ocean energy as a promising resource [3][4] - The partnership offers Eco Wave Power a direct entry into one of the fastest-growing renewable energy markets, leveraging BPCL's infrastructure and financial strength [7] Strategic Vision - BPCL aims to achieve Net Zero emissions by 2040, and this collaboration is part of its broader commitment to expanding renewable energy initiatives [5] - Inna Braverman, CEO of Eco Wave Power, emphasized the enormous potential for wave energy in India, given the significant population living along the coastline [8]

Core Insights - Eco Wave Power Global AB is participating in India Energy Week 2025, showcasing its wave energy technology and signing a collaboration agreement with a Fortune 500 Indian company for a pilot project in Maharashtra [1][4]. Company Overview - Eco Wave Power is a leading developer of onshore wave energy technology, focusing on converting ocean waves into clean electricity [8]. - The company operates the first grid-connected wave energy system in Israel and is expanding its projects globally, including installations at the Port of Los Angeles, Taiwan, and Portugal, with a total project pipeline of 404.7 MW [8][9]. Industry Context - India Energy Week is a flagship energy event in India, supported by the Ministry of Petroleum and Natural Gas, aimed at discussing the future of energy and driving energy transformation [2]. - The event has previously been inaugurated by Prime Minister Narendra Modi and serves as a platform for global industry leaders and policymakers [2]. Technology Presentation - Eco Wave Power will present its patented wave energy generation model at the exhibition, allowing attendees to experience how the technology converts ocean waves into reliable electricity [3]. Strategic Collaboration - The collaboration agreement with a Fortune 500 Indian company represents a significant step in integrating wave energy into India's renewable energy strategy [4][5].

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 ...