Core Points - The Marine Energy Technologies Acceleration Act aims to invest $1 billion to advance marine energy towards full-scale commercialization, highlighting the potential of wave energy as a clean energy solution [1][2][3] - The legislation will provide significant funding for demonstration projects, research and development, resource mapping, workforce development, and improved permitting processes [2][3] - Coastal communities, where nearly 40% of the U.S. population resides, stand to benefit from the clean, renewable energy generated from marine resources [3] Company Insights - Eco Wave Power Global AB is a leading onshore wave energy developer, recognized for its patented technology that converts ocean waves into green electricity [9][10] - The company is set to install the first U.S. onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell MRE [4][11] - Eco Wave Power has a project pipeline totaling 404.7 MW and has received funding from various European entities, showcasing its commitment to advancing wave energy technology [11] Industry Context - The introduction of the Marine Energy Technologies Acceleration Act is seen as a pivotal moment for the marine energy sector, which has historically received limited federal investment [3][7] - The legislation is expected to catalyze the development of marine energy technologies and create high-paying jobs while contributing to decarbonization goals [3][5] - The U.S. aims to position itself as a global leader in climate initiatives, with wave energy being a crucial component in combating climate change [6]

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q1 2024 Earnings Call Transcript May 17, 2024 9:00 AM ET Company Participants Aharon Yehuda - Chief Financial Officer Inna Braverman - Chief Executive Officer Operator Greetings. Welcome to the Eco Wave Power’s First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Aharon Yehuda, CFO of Eco Wave ...

Exhibit 99.1 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. Stockholm, Sweden, May 16, 2024 – Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") (Nasdaq: WAVE), a leading, publicly traded onshore wave energy technology company, that developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electri ...

Financial Data and Key Metrics Changes - Company reported a revenue increase of 1,076%, excluding funds from grants and other sources, and a 36% reduction in net loss, ending the year with $8.4 million in cash and deposits [4][10] - The cash burn rate has decreased significantly, indicating improved financial management [4] Business Line Data and Key Metrics Changes - The Israeli project achieved grid connection, marking the first time wave energy was connected to the Israeli National Electrical Grid, which is a significant milestone for the company [4] - The company secured an investment agreement with Shell MRE for its first U.S. project at the Port of Los Angeles, with Shell contributing 50% of the costs [5][6] Market Data and Key Metrics Changes - The clean energy sector, including wave energy stocks, faced challenges in 2023, with major companies experiencing significant stock declines due to high interest rates and slow climate change efforts [8] - Despite the downturn, the company believes there will be significant opportunities in the renewable energy market due to positive initiatives like the Biden Administration's Inflation Reduction Act [9] Company Strategy and Development Direction - The company is focused on expanding its wave energy projects in the U.S. and Portugal, with a landmark project in Portugal expected to be completed by March 2026 [7] - The partnership with Shell emphasizes the company's commitment to sustainable innovation and the development of marine renewable energy technologies [5][6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unpredictability of the economic landscape in 2023 but expressed confidence in the company's resilience and adaptability [3] - The CEO expressed disappointment in the stock performance but reassured stakeholders of the company's financial stability and upcoming project execution [10][11] Other Important Information - The company has reinforced its financial position by providing feasibility studies and project planning services to major energy companies and securing multiple grants [8] - The company is looking forward to receiving approval to buy back up to 10% of its stock on NASDAQ, demonstrating confidence in its own value [11] Q&A Session Summary - The Q&A session did not contain any recorded questions or answers, indicating a lack of engagement during this segment [12]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission ...

Financial Data and Key Metrics Changes - Eco Wave Power reported a significant decrease in net financial loss for the nine months of 2023, with a net loss of approximately $1 million compared to around $2 million in the same period last year [12]. Business Line Data and Key Metrics Changes - The EWP EDF One Project in Israel has been completed with an installed capacity of 100 kilowatts, marking the first time wave energy was connected to Israel's national grid [3][4]. - The company is planning a project in the Port of Los Angeles, which will be its first entry into the U.S. market, pending final licenses [5][6]. - A concession agreement has been signed for a 20 megawatt power station in Porto, Portugal, with plans to start construction of 1 megawatt [7][8]. Market Data and Key Metrics Changes - The U.S. market is viewed as strategic, with wave energy capable of supplying 66% of the country's energy needs [5]. - California's recent legislation (Senate Bill 605) aims to evaluate the feasibility of wave and tidal energy, indicating a supportive regulatory environment [6]. Company Strategy and Development Direction - The company aims to demonstrate that wave energy can be cost-efficient, reliable, and environmentally friendly, positioning it as a significant part of the renewable energy mix [8]. - Eco Wave Power is actively pursuing collaborations and feasibility studies with global organizations, including Chevron and Shell, to explore wave energy potential [11]. Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and commitment to advancing wave energy projects despite previous financial losses [12]. - The company plans to hold quarterly calls to update investors on strategic collaborations and project developments [12]. Other Important Information - Eco Wave Power has received grants totaling $1.83 million from the European Union and the UK government [9]. - The collaboration with Lian Tat Company in Taiwan is progressing, with plans for a joint wave energy pilot [10]. Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Exhibit 99.1 Eco Wave Power Global AB (publ) Condensed consolidated financial statements As of June 30, 2023 Unaudited Index | | Page | | --- | --- | | CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 3 | | CONDENSED CONSOLIDATED STATEMENTS OF LOSS | 4 | | CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | 5 | | CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | 6 | | CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | 7 | | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 8 | Eco Wave P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission ...

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q3 2022 Earnings Conference Call December 1, 2022 9:00 AM ET Company Participants Jeff Stanlis - IR Inna Braverman - Co-Founder and CEO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to today's Eco Wave Power Third Quarter, 2022 Earnings Conference Call. All participants have been placed on a listen-only mode. It is now my pleasure to turn the floor over to your host, Jeff Stanlis with FNK IR. Jeff, the floor is yours. Jeff ...

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q2 2022 Results Conference Call September 28, 2022 9:00 AM ET Company Participants Rob Fink - Managing Partner, FNK IR Inna Braverman - Co-founder & Chief Executive Officer Operator Good morning, ladies and gentlemen, and welcome to the Eco Wave Power mid-year 2022 earnings call. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the flo ...