Core Viewpoint - Eco Wave Power Global AB has signed an agreement with Africa Great Future Development Ltd to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa, marking its entry into the African market and aligning with its strategy to expand in regions with high renewable energy demand [1][2]. Company Developments - The feasibility study aims to explore South Africa's wave energy potential, addressing the country's critical energy challenges, where over 80% of electricity is generated from coal-fired plants [3][4]. - The Port of Ngqura is strategically located and technically suitable for wave energy implementation due to its robust breakwater infrastructure and direct ocean exposure [4]. - Eco Wave Power is expanding its international project pipeline, with existing operations in Israel and upcoming projects in the U.S., Portugal, Taiwan, and India, contributing to a total project pipeline of 404.7 MW [5][6][8]. Industry Context - South Africa faces persistent power shortages and environmental concerns, highlighting the urgent need for clean and reliable energy alternatives [3]. - The collaboration with AGFDL is seen as an important opportunity to support Africa's clean energy transition, with wave energy having the potential to deliver sustainable power to underserved communities [5].

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 Points - Eco Wave Power Global AB has successfully completed the production of all floaters for its first U.S. wave energy project at the Port of Los Angeles [1][2] - This project marks the first-ever onshore wave energy pilot station in the United States, with floaters manufactured by All-Ways Metal, a woman-owned company [2][4] - The floaters are now moving into the final assembly and logistics phase, with deployment expected to begin later this month [3][5] Company Overview - Eco Wave Power is a pioneering onshore wave energy company that transforms ocean waves into clean electricity using patented technology [8] - The company has a strong commitment to addressing climate change and has developed Israel's first grid-connected wave energy power station [8] - Eco Wave Power is expanding its global footprint with upcoming projects in the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [9] Project Details - The floaters will be installed on a pre-existing jetty structure at the Port of Los Angeles, converting wave motion into clean electricity [4] - The project is supported by Shell's Marine Renewable Program and emphasizes local sourcing and U.S. job creation [6] - The official opening of the project is anticipated to take place later this summer [5]

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].

Core Insights - Eco Wave Power Global AB is set to launch the first-ever onshore wave energy pilot project in the U.S. on September 9, 2025, at AltaSea, Port of Los Angeles, marking a significant milestone in renewable energy innovation [1][2][5] Company Overview - Eco Wave Power is a pioneering onshore wave energy company that transforms ocean waves into clean electricity using patented technology [9] - The company has developed Israel's first grid-connected wave energy power station and is recognized for its innovative approach to renewable energy [9] Project Details - The project will utilize floaters attached to existing marine infrastructure to convert wave motion into electricity, providing a cost-effective and scalable solution for coastal cities [6] - The first three floaters are currently in the final preparation phase at All-Ways Metal, a woman-owned fabrication company in California [6][7] Strategic Partnerships - The project is supported by Shell's Marine Renewable Program, emphasizing Eco Wave Power's commitment to U.S. job creation and climate leadership [7] - AltaSea serves as a hub for blue economy innovation and is dedicated to accelerating ocean-based solutions to climate change [8] Future Expansion - Eco Wave Power is 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 [10]

Core Viewpoint - Eco Wave Power Global AB has achieved a significant milestone in the development of its first 1MW wave energy power station in Porto, Portugal, by paying 50% of the grid connection fee, indicating progress in the project's implementation [1][4]. Project Development - The payment made to E-REDES, the Portuguese electricity distribution system operator, represents a crucial step in securing access to the national distribution grid [4]. - Eco Wave Power has accepted the connection conditions for the public grid related to the UPP/5089 power plant, which is part of the formal application process [5][6]. - A tentative grid-connection date has been set for 2026, subject to final permitting and construction procedures [6]. Strategic Importance - The project is a cornerstone of Eco Wave Power's European growth strategy and marks its first megawatt-scale deployment in the region, with a 20MW concession agreement signed with APDL [8]. - The trajectory of the project accelerated after receiving the final permit from APDL in March 2024, allowing physical works to commence [9]. Infrastructure and Management - Key infrastructure enhancements began in February 2025 at "The Gallery," preparing it for equipment installation and public access [10]. - The company appointed Juan José Gómez as Power Station Manager and engaged MOQ Engineering for final design work, ensuring a robust execution of the project [11]. Industry Context - Portugal aims to source 85% of its electricity from renewables by 2030, up from 61% in 2023, making it a strategic partner for Eco Wave Power's technology [13]. - The country is recognized as a leader in wave energy commercialization, providing a favorable regulatory framework for marine renewable innovations [13].

Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun, with equipment procurement and installation expected later this year [7] - The AWP EDF-one installation at Jaffa Port achieved zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a MOU in India setting the stage for site assessment and a sale agreement in Taiwan moving into detailed permitting [7][8] - The company anticipates a purchase order in Q2 from Bahad Petroleum in India [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its Wave Energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with Hilary Ackerman joining as the first member [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with ongoing R&D efforts aimed at reducing floater costs and streamlining installation [9] Other Important Information - The company expects to finalize floaters in Los Angeles by the end of Q2 2025 and is on track for a 2026 startup in Portugal [4][7] Q&A Session Summary Question: What are the updates on the projects in Los Angeles and Portugal? - The company has moved swiftly from permitting to production in Los Angeles, with a floater manufacturing agreement signed, and in Portugal, engineering designs have been finalized with groundwork underway [6][7] Question: How is the company managing its cash flow amid project developments? - The company reported a reduction in net loss and maintains a cash balance that allows for continued investment while managing development stage spending [2][4]

Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April, expected to be completed by the end of Q2 2025 [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun under a 20 megawatt concession agreement, with equipment procurement and installation anticipated later this year [7] - The AWP EDF-one installation at Jaffa Port in Israel logged zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a site assessment planned at the Mumbai oil terminal and a sale agreement in Taiwan moving into the detailed permitting phase [7][8] - The company anticipates a purchase order in Q2 for the Indian project, indicating progress in international markets [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its wave energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with a member appointed who has extensive experience in energy and sustainability [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with expectations for further progress throughout the year [10] Other Important Information - The company is focusing its R&D efforts in 2025 on reducing floater costs and streamlining installation processes [8] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a Q&A segment [11]

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].