Core Insights - Eco Wave Power has made significant operational and strategic advancements in the first half of 2025, including project developments in the U.S., Europe, Asia, and Africa, positioning itself as a leader in wave energy commercialization [2][3][20] Financial Overview - Operating expenses increased by 18% year-over-year to $1.59 million, driven by a 25% rise in R&D spending and a 22% increase in general and administrative costs [18][30] - The company ended the period with $7.94 million in cash and short-term deposits, providing a solid foundation for future growth [19][29] - Net loss widened to $1.89 million, influenced by foreign exchange movements and growth-related expenses [18][35] Project Developments - In the U.S., the installation of the first wave energy project at the Port of Los Angeles was completed, with an official launch scheduled for September 9, 2025 [6][7][12] - The first megawatt-scale wave energy project in Portugal is progressing, with plans for grid connection in 2026 [8][15] - In Asia, partnerships have been established in India and Taiwan, with a focus on deploying wave energy technology [9][10][25] - The company has initiated a feasibility study for a wave energy project in South Africa, targeting the country's energy diversification needs [16][26] Strategic Partnerships and Grants - Eco Wave Power secured a €107,089 grant as part of the €2.45 million Atlantic Wave Energy Sustainable Deployment Initiative, aimed at accelerating wave energy adoption across the Atlantic region [17][27] - Collaborations with industry leaders and government-backed partners have been established to enhance project execution and market penetration [3][5] Leadership and Governance - Hilary E. Ackermann joined the Board of Directors, bringing extensive experience in energy, finance, and governance, which will support the company's growth strategy [23][28]

Core Insights - Eco Wave Power Global AB has signed an agreement with C&S Welding Inc. for the installation of wave energy floaters and energy conversion units at the Port of Los Angeles, marking a significant step in the deployment of onshore wave energy technology in the U.S. [1][2][5] Company Overview - Eco Wave Power is a leader in onshore wave energy technology, utilizing patented technology to convert ocean waves into clean electricity. The company is expanding its global footprint with projects planned in various locations, including the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [9][10]. Project Details - The project at the Port of Los Angeles will demonstrate Eco Wave Power's technology, where floaters are attached to existing marine structures and connected to a land-based conversion unit. This system is designed for scalability, low maintenance, and minimal environmental impact, making it suitable for port and coastal infrastructure [7]. Partner Information - C&S Welding Inc., a family-owned business based in Wilmington, CA, specializes in welding, fabrication, and marine infrastructure. The company has a strong safety record and industry certifications, making it a reliable partner for this clean energy project [4][8]. Project Timeline - All floaters for the project have been fabricated by All-Ways Metal, a woman-owned business, and are expected to be fully assembled in the upcoming week, keeping the installation timeline on track [6].

Core Viewpoint - Eco Wave Power Global AB has received shareholder approval to continue its American Depositary Shares (ADS) repurchase program, allowing the company to buy back up to 10 percent of its total shares, enhancing financial flexibility and shareholder value [1][3]. Group 1: Repurchase Program Details - The shareholder resolution renews the company's ability to repurchase ADSs for the upcoming year, in line with the legal framework established with the Swedish Financial Supervisory Authority [2]. - The repurchase authorization allows the company to engage a designated bank to manage buyback activities under the renewed mandate [2][8]. - The authorization is valid until the 2026 Annual General Meeting and may be executed on multiple occasions [8]. Group 2: Company Overview - Eco Wave Power is a pioneering onshore wave energy company that converts ocean waves into clean electricity using patented technology [4]. - The company is expanding its global presence with projects planned in locations such as the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [5]. - Eco Wave Power has received recognition from international organizations, including the European Union Regional Development Fund and the United Nations Global Climate Action Award [5].

Company Overview - Eco Wave Power Global AB is a leading onshore wave energy company that focuses on converting ocean and sea waves into sustainable electricity using patented technology [70][71]. - The company operates the world's first grid-connected wave energy system in Israel, recognized as "Pioneering Technology" by the Israeli Energy Ministry [71]. Annual General Meeting Details - The annual general meeting is scheduled for June 30, 2025, at 10:00 a.m. CEST in Stockholm, with registration starting 30 minutes prior [1]. - Shareholders must be registered by June 19, 2025, and notify the company of their attendance by June 24, 2025 [2][3]. Proposed Agenda and Resolutions - The agenda includes the election of a chairman, approval of the 2024 annual report, and resolutions regarding the allocation of the company's results, among others [7][8]. - The board proposes to carry forward the company's result without paying a dividend for the financial year 2024 [8]. Changes to Articles of Association - Proposed changes include increasing the share capital limits from SEK 880,000 to SEK 935,000 and the number of shares from 44,000,000 to 46,750,000 [9][10]. - The company plans to issue two types of shares: series A shares with ten votes each and ordinary shares with one vote each [10]. Long Term Incentive Programs - The board proposes a long-term incentive program (LTIP) involving the issuance of up to 7,256,798 warrants, allowing participants to subscribe for new shares at a price of SEK 0.02 [30][33]. - The LTIP aims to align the interests of participants with the company's growth and performance [32]. Financial Implications - Full exercise of the proposed warrants will result in a dilution of approximately 13.05% of the company's share capital and 60.04% of voting rights [36][49]. - The company currently has a total share capital of SEK 935,896.88 divided into 46,794,844 shares [46]. Shareholder Proposals - The board of directors consists of five members, with a proposal to increase the number to six and to re-elect current members [63][64]. - Proposed fees for the board total SEK 1,092,357, with specific amounts allocated to each member [64].

Core Viewpoint - Eco Wave Power has received the final permit necessary to begin construction of its wave energy pilot project at the Port of Los Angeles, marking a significant step in the company's expansion into the U.S. market [1][6]. Group 1: Project Details - The company has been granted Revocable Permit 25-05 for the construction and demonstration of its wave energy technology at Berth 70 in San Pedro, California [1][3]. - The pilot project is co-funded by Shell Marine Renewable Energy and will utilize approximately 10,396 square feet of land and 2,016 square feet of water area for the installation of its wave energy conversion system [4]. - Up to eight wave energy floaters will be installed on an existing concrete wharf structure, with an energy conversion unit consisting of two 20-foot shipping containers placed on the wharf deck [5]. Group 2: Timeline and Implementation - With all necessary permits secured, Eco Wave Power plans to complete the installation within 2-3 months, aiming for completion by the end of the second quarter of 2025 [3][5]. - The conversion unit has already been shipped and is located on-site, indicating readiness for the next steps in the project [5]. Group 3: Industry Impact and Future Prospects - The U.S. Department of Energy's National Renewable Energy Laboratory estimates that wave energy could generate over 1,400 terawatt-hours per year, enough to power approximately 130 million homes, highlighting the potential of wave energy as a clean power source [6]. - This pilot project is expected to serve as a model for future large-scale wave energy installations across the United States and beyond, reinforcing Eco Wave Power's position as a leader in the industry [7]. Group 4: Company Background - Eco Wave Power is recognized for its patented technology that converts ocean and sea waves into sustainable electricity, with a project pipeline totaling 404.7 MW [8]. - The company has received support from various prestigious institutions, including the European Union Regional Development Fund and the United Nations' Global Climate Action Award, underscoring its commitment to combating climate change [8].