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].
Eco Wave Power Reaches Key Milestone in Portuguese Wave Energy Project, Paving the Way for a 2026 Launch and Global Expansion