Core Insights - Eco Wave Power Global AB has been included in a significant U.S. Department of Energy report highlighting the potential of Coastal Structure Integrated Wave Energy Converters (CSI-WECs) along U.S. coastlines [1][2] Group 1: Report Overview - The report, produced by the National Laboratory of the Rockies for the DOE, assesses the technical, economic, and geographic opportunities for structure-integrated wave energy systems in the U.S. [2] - The analysis identifies structure-integrated wave energy as a lower-risk and higher-value deployment pathway within the marine energy sector [4][5] Group 2: Economic and Technical Benefits - CSI-WEC systems are integrated into existing coastal defense structures, such as breakwaters and jetties, providing a financially attractive route for marine energy deployment [5] - The report indicates that integrating wave energy converters can enhance the lifetime asset value of coastal defenses, turning them into revenue-generating clean energy assets [5][6] - The U.S. coastlines have an estimated theoretical wave energy potential of 2,640 terawatt-hours per year, with approximately 14% of the coastline already equipped with coastal defense structures [9] Group 3: Deployment Potential - Eco Wave Power was selected to conduct preliminary energy production analyses for four high-potential U.S. locations, with projected annual generation ranging from tens to hundreds of megawatt-hours per device [7] - The capital payback period for these projects is estimated at approximately five to six years, with potential energy value reaching millions of dollars over a 20-year project life [9] Group 4: Company Background - Eco Wave Power is a pioneering onshore wave energy company that has developed Israel's first grid-connected wave energy power station and recently launched its first U.S. demonstration project at the Port of Los Angeles [12][13] - The company is expanding its project pipeline globally, with upcoming projects in Portugal, Taiwan, and India, totaling 404.7 MW under development [14]