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 ...

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 ...