Core Insights - Eco Wave Power's wave energy pilot project at AltaSea in the Port of Los Angeles has been recognized in TIME's 2025 Best Inventions list, highlighting its innovative approach to renewable energy [1][4][5] - The project is the first onshore wave energy installation in the United States, developed in collaboration with Shell Marine Renewable Energy, and demonstrates the potential of wave energy for sustainable electricity generation [4][7] Company Overview - Eco Wave Power Global AB (publ) is a pioneering company in onshore wave energy, transforming ocean waves into clean and cost-efficient electricity through patented technology [6][8] - The company has successfully developed Israel's first grid-connected wave energy station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy [5][7] Project Details - The Los Angeles pilot project utilizes Eco Wave Power's patented floaters attached to existing marine infrastructure, showcasing an environmentally friendly and scalable solution for wave energy [4][5] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in Portugal, Taiwan, and India, indicating significant global expansion [5][8] Recognition and Impact - The recognition by TIME serves as a validation of the significance of wave energy and its potential to contribute to climate change mitigation [3][5] - The pilot project is positioned as a proof-of-concept for future grid-connected deployments, emphasizing the readiness of wave energy for broader application [5][10]

Los Angeles, California--(Newsfile Corp. - October 7, 2025) - Eco Wave Power Global (NASDAQ: WAVE) ("Eco Wave Power" or the "Company") is pleased to announce that U.S. Congresswoman Nanette Barragán (CA-44) visited the Company's onshore wave energy pilot station at AltaSea in the Port of Los Angeles, the first wave energy installation of its kind in the United States. The visit underscores the enormous potential for wave energy to become a major renewable energy source for U.S. coastal communities."I am he ...

Core Insights - Eco Wave Power Global AB is advancing its wave energy technology by partnering with BladeRanger Ltd to enhance maintenance through automated drone solutions [1][4][5] - The collaboration aims to reduce operational costs, minimize downtime, and increase energy output, making wave energy more competitive with other renewable sources [3][5] Company Developments - The partnership was demonstrated at Eco Wave Power's project in Jaffa Port, Israel, where BladeRanger's drones performed cleaning and inspection of the company's floaters [2][3] - Eco Wave Power recently launched its Los Angeles Pilot project on September 9, 2025, marking a significant milestone in its operations [1][4] Financial Implications - Historically, operational costs at Eco Wave Power's sites have reached up to 4% of project CAPEX annually, and the introduction of drone technology is expected to significantly lower these costs [3] - The collaboration with BladeRanger could lead to a long-term strategic partnership, potentially expanding drone technology deployment across Eco Wave Power's global project pipeline [5][10] Industry Context - BladeRanger specializes in autonomous drone solutions for cleaning and maintenance in renewable energy sectors, and is now expanding its services to wave energy [7][8] - Eco Wave Power is recognized for its innovative approach to wave energy, having developed Israel's first grid-connected wave energy power station and is actively expanding its project pipeline globally [9][10]

Group 1: Northstar Clean Technologies - Northstar Clean Technologies has successfully produced high-quality solid asphalt pellets from end-of-life tear-off shingles at its Calgary facility, marking a significant milestone in its recycling operations [1] - This achievement builds on the company's previous success in producing liquid asphalt from manufacturing waste shingles, contributing to waste diversion from landfills and creating new market opportunities [2] Group 2: Memorial Care - Memorial Care has introduced the Intuitive Da Vinci 5 surgical system across its hospitals, becoming one of the first health systems in Southern California to adopt this advanced robotic technology [2] - The Da Vinci 5 system enhances surgeons' precision, control, and real-time digital integration, reinforcing Memorial Care's commitment to innovation and improved patient outcomes [2] Group 3: Eco-wave Power Global - Eco-wave Power Global has launched the first US onshore wave energy project at the Port of Los Angeles, marking a historic milestone for renewable energy in the country [3] - The demonstration site utilizes floaters to harness wave motion for electricity, laying the groundwork for future commercial-scale deployment and positioning the company as a leader in the US wave energy sector [3] Group 4: XDI Aerospace - XDI Aerospace has completed initial flight operations for its Sparrow and Kestrel subscale aircraft, marking key progress toward its full-scale Trifan 600 demonstrator [3] - Successful tests validated aerodynamic performance and stability, reducing development risk and keeping the program on track for future milestones [4]

Core Viewpoint - Eco Wave Power has successfully launched its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone for renewable energy in the United States and showcasing the potential for large-scale wave energy deployment along coastlines [1][2][5] Company Overview - Eco Wave Power is a global leader in onshore wave energy technology, utilizing patented technology to transform ocean waves into clean electricity [19][20] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in the Port of Los Angeles, Portugal, Taiwan, and India [20] Project Details - The project at the Port of Los Angeles features floaters that capture ocean wave motion to generate renewable electricity, serving as a foundation for future commercial-scale operations [5][6] - This installation is the first onshore wave energy project in the U.S., demonstrating the technology's reliability and potential for clean power generation [2][5] Government Support and Policy - The launch aligns with California's climate policies and Senate Bill 605, which aims to create a comprehensive wave energy roadmap [6][7] - Federal support is increasing, highlighted by the introduction of the Marine Energy Technologies Acceleration Act, a $1 billion initiative to scale marine energy across the nation [6][7] Future Expansion - Eco Wave Power is preparing additional projects in Taiwan, India, and Portugal, emphasizing the global potential of wave energy [7][12] - The company aims to replicate its success in various regions, including Africa, where it is conducting feasibility studies for wave energy projects [14][15][16] Industry Impact - The launch has garnered national media attention, underscoring the significance of wave energy in contributing to California's clean energy goals [17] - Wave energy is positioned as a reliable and sustainable power source for energy-intensive industries, supporting the growing demand for cloud computing and AI services [13]

Core Insights - Eco Wave Power Global AB has partnered with I-KE International Ocean Energy Co. to install a wave energy pilot station in Taiwan, marking a significant milestone in the country's renewable energy sector [1][4][5] - The project aligns with Taiwan's national energy transition policy and aims to establish Suao Port as a demonstration hub for innovative green energy [4][5] Company Overview - Eco Wave Power is a leading developer of onshore wave energy technology, recognized for its patented technology that converts ocean waves into clean electricity [12] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in various locations including Taiwan [12][13] Project Details - The pilot project will utilize a 100 kW onshore wave energy conversion unit, with plans to expand capacity to 20 MW in the medium term and potentially up to 400 MW along Taiwan's coastline [4][16] - The designated testing area at Suao Port covers 6.75 hectares, divided into three zones, with I-KE awarded exclusive rights to Zone C [3][4] Strategic Importance - This tender award is the first of its kind in Taiwan, setting a precedent for future renewable energy projects and demonstrating the country's commitment to marine renewables [4][5] - The project is expected to validate the commercial viability of wave energy and enhance Taiwan's position in the renewable energy market [5][6]

Financial Data and Key Metrics Changes - Operating expenses for H1 2025 totaled $1.6 million, an increase of $239,000 from H1 2024, reflecting continued investment in R&D and project execution [2][3] - R&D expenses increased by 25% to $399,000, driven primarily by the Portuguese project and engineering department [3] - General and administrative expenses rose by 22% to $1.1 million, mainly due to payroll for new U.S. hires and travel costs [4] - Net loss for 2025 was $1.9 million, influenced by growth investments and foreign exchange impacts [4] - Cash and short-term bank deposits at the end of the period were $7.94 million, providing a strong foundation for ongoing projects [5] Business Line Data and Key Metrics Changes - Sales and marketing expenses decreased slightly by $123,000, indicating more efficient investor communication [3] - The company is advancing its Portugal megawatt scale project, expected to operate with new continuous wave availability, demonstrating wave energy's potential [7][10] Market Data and Key Metrics Changes - In the U.S., the installation of floaters and the onshore energy conversion unit for the first U.S. wave energy project at Altoona Port of LA was completed [8] - In India, a memorandum of understanding was signed with a Fortune 500 company to explore wave energy deployment at Mumbai Oil Terminal [11] - In Taiwan, the company is advancing local production and permitting milestones for wave energy projects [11] - A feasibility study agreement was signed for a potential project in South Africa, highlighting the market's long-term potential [12] Company Strategy and Development Direction - The company's commercialization strategy includes building pilot projects in key markets to collect data and establish regulatory frameworks [6] - Efforts are being made to reduce the cost of floaters to lower the levelized cost of energy, making wave energy more competitive [7] - The company aims to position wave energy as a mainstream renewable solution, supporting high-demand computing environments [8] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of strategic partnerships and regulatory approvals in advancing projects [14] - The leadership change with the addition of Hilary Ackerman to the Board is expected to strengthen corporate governance and support global commercialization [13] - The company is well-positioned to bring wave energy to mainstream markets, delivering innovative and sustainable solutions [14] Other Important Information - The company is participating in a €2.45 million European project to accelerate commercial scale wave energy adoption across the Atlantic Region [12] Q&A Session Summary - No specific questions or answers were provided in the content, indicating that the meeting concluded without a Q&A segment [15]

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 Viewpoint - Eco Wave Power Global AB has successfully completed the installation of its pilot project at the Port of Los Angeles, marking a significant milestone in its U.S. operations and paving the way for future commercialization of wave energy technology in the United States [1][3][4]. Group 1: Project Details - The pilot project includes the installation of wave energy floaters, hydraulic pipes, and an onshore energy conversion unit [4][5]. - The project is designed as a non-grid-connected demonstration station with key objectives such as demonstrating patented technology in real marine conditions and facilitating environmental monitoring [5][6]. - An official unveiling ceremony is scheduled for September 9, 2025, at AltaSea [1][3]. Group 2: Strategic Importance - The Los Angeles project serves as a vital learning and demonstration platform for environmental surveys and regulatory engagement, showcasing the technology's implementation on existing marine infrastructure [3][4]. - This pilot project is a crucial step in Eco Wave Power's U.S. commercialization strategy and contributes to a global project pipeline of 404.7 MW [7][10]. - The company continues to rely on real-world production from its grid-connected site in Israel while expanding its footprint with upcoming projects in Taiwan, India, and Portugal [4][10]. Group 3: Partnerships and Community Engagement - Eco Wave Power collaborated with California-based companies, including C&S Welding Inc., to bring the pilot project to fruition [6][10]. - AltaSea at the Port of Los Angeles serves as a hub for blue economy innovation, emphasizing sustainable business and community engagement [8].

Core Insights - Eco Wave Power Global AB has successfully completed the installation of floaters for its first U.S. wave energy project at the Port of Los Angeles, with an official unveiling scheduled for September 9, 2025 [1][4][5] Company Overview - Eco Wave Power is a pioneering onshore wave energy company that transforms ocean waves into clean electricity using patented technology [6] - The company has developed Israel's first grid-connected wave energy power station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy [6] Project Details - The Los Angeles project serves as a demonstration pilot to validate Eco Wave Power's technology in real-world marine conditions, aiming to facilitate U.S. market entry [3][4] - The project is supported by Shell's Marine Renewable Program and utilizes floaters mounted on existing marine structures to convert wave motion into electricity [5] Strategic Goals - Key goals of the pilot project include conducting environmental impact studies in collaboration with relevant stakeholders [3] - The technology is designed to be modular, low-maintenance, and to have minimal environmental impact, making it suitable for scalable deployments along coastlines [5] Future Expansion - Eco Wave Power is actively expanding its global footprint with upcoming projects planned in the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [7] - The company has received support from international organizations, including the European Union Regional Development Fund and the United Nations Global Climate Action Award [7]