registered office in Stockholm, Sweden. According to the Company's articles of association, the Board of Directors shall consist of a minimum of three and maximum of eight ordinary Board members, without any deputy members. Currently, the Board of Directors consists of four ordinary members, elected until the end of the next ordinary annual general meeting. MATS ANDERSSON chairman of the board of directors Exhibit 99.1 Wave Energy Made Possible ANNUAL REPORT 2021 Eco Wave Power Global AB (publ) Board of Dir ...

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, 2021 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 - The company made significant progress in 2021, particularly with the EWP EDF One Project in Israel, which is nearing grid connection [5] - The company has over 325 megawatts of potential projects in its pipeline, indicating strong future growth prospects [12] Business Line Data and Key Metrics Changes - The new wave energy array will be an upgraded version of existing technology, with the first connection to Israel's National electrical grid [6] - The company is advancing projects in Portugal and Ireland, having secured installation and grid connection permits for a one megawatt project [9] Market Data and Key Metrics Changes - The U.S. market is identified as a key focus area, with wave energy having the potential to meet 66% of U.S. energy needs [15] - The company is expanding its presence in the U.S. following its listing on the Nasdaq Capital Market, which is expected to enhance market opportunities [14] Company Strategy and Development Direction - The company plans to focus on high-impact goals in 2022, including the opening of the EWP project in Israel and pilot projects in Los Angeles [18] - Strategic partnerships, such as collaborations with EDF Renewable and the Israeli Navy, are prioritized to enhance value [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing recognition of wave energy and its importance in the renewable energy landscape [4] - The geopolitical changes in Eastern Europe are driving increased interest in renewable energy solutions, including wave energy [12] Other Important Information - The company is reinforcing its technology in the European market and focusing on strategic partnerships to accelerate project development [14] - A delisting application from Nasdaq First North is planned, with provisions for shareholders to convert shares to American Depository Shares [22][23] Q&A Session Summary Question: What are the company's future project plans? - The company plans to accelerate the opening of its Israel project and pilot projects in Los Angeles, while also expanding its project pipeline in Europe and the U.S. [18][19]