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Eco Wave Power Announces Award of Land Use Tender for Wave Energy Project in Suao Port, Taiwan
Newsfile· 2025-08-19 12:30
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]
Eco Wave Power AB (publ)(WAVE) - 2025 Q2 - Earnings Call Transcript
2025-08-14 12:00
Eco Wave Power Global (WAVE) Q2 2025 Earnings Call August 14, 2025 07:00 AM ET Speaker0Welcome to the Echowave Power Second Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. I would now like to turn the call over to your host, Aaron Yehuda. You may begin, sir.Speaker1Thank you. Good morning, everyone, and thank you for joining Ecopetrol Power's first second quarter earnings call. I'm Aaron Yehuda, and I'll start with a brief overview of our financial results ...
Eco Wave Power Reports H1 2025 Results, Showcasing Breakthroughs in U.S., Europe, Asia, and Africa as Global Wave Energy Demand Accelerates
Newsfile· 2025-08-14 11:00
Eco Wave Power Reports H1 2025 Results, Showcasing Breakthroughs in U.S., Europe, Asia, and Africa as Global Wave Energy Demand Accelerates Major Milestones Include Completion of U.S. Installation Ahead of Launch, First MW-Scale Project in Portugal Advancing, Strategic Expansion into India and Taiwan, African Market Entry, and EU Grant Win for Atlantic Region Deployment and Strong Financial Position Supporting Growth August 14, 2025 7:00 AM EDT | Source: Eco Wave Power Global AB (publ) Stockholm, Sweden--(N ...
Eco Wave Power Completes Full Installation at the Port of Los Angeles and Gears up for First Operational Testing
Newsfile· 2025-08-11 12:30
Los Angeles, California--(Newsfile Corp. - August 11, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce that its U.S. pilot project at the Port of Los Angeles has successfully reached a major milestone with the completion of all installation works. This includes: With installation works finalized by C&S Welding Inc., Eco Wave Power is now gearing up for the first operational testing of the pilot project, to be followed by an offi ...
Eco Wave Power Hits Major U.S. Milestone as Floaters Installation Concludes Ahead of September 9 Project Unveiling
Newsfile· 2025-07-28 12:31
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]
Eco Wave Power Signs Agreement for Feasibility Study in South Africa, Marking Strategic Entry into African Market
Newsfile· 2025-07-24 13:00
Stockholm, Sweden--(Newsfile Corp. - July 24, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology developer, is pleased to announce the signing of an agreement with the Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.This agreement marks Eco Wave Power's first step into the African market and aligns with the Company's strat ...
Eco Wave Power and C&S Welding Join Forces to Deliver First U.S. Wave Energy Pilot at Port of Los Angeles
Newsfile· 2025-07-21 13:00
This milestone agreement marks the final step before deployment begins for Eco Wave Power's first-ever onshore wave energy project in the United States. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/11247/259429_5fc5e3d1a475d9a8_001full.jpg C&S Welding Inc., headquartered in Wilmington, CA, is a certified Small Business Enterprise known for its excellence in welding, fabrication, and marine infrastructure projects. Founded in 2006 by Steve Crichton and now ...
Eco Wave Power Finalizes Floaters Production for First-Ever U.S. Wave Energy Project, Clearing Path for July Deployment
Newsfile· 2025-07-14 13:00
"This is a proud moment for our team and for the future of wave energy in the United States," said Inna Braverman, Founder and CEO of Eco Wave Power. "The completion of all floaters signals that this long- anticipated project is no longer theoretical—it's ready for real-world application. Thanks to our outstanding partners at All-Ways Metal, we are demonstrating that high-quality, U.S.-based cleantech manufacturing is not only possible but thriving." The floaters will be installed on a pre-existing jetty st ...
Eco Wave Power Shareholders Approve Continued Buyback Authorization for American Depositary Shares at 2025 AGM
Newsfile· 2025-07-08 13:11
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].
Eco Wave Power and AltaSea Align on Official Launch Date for First-Ever U.S. Wave Energy Project at the Port of Los Angeles
Newsfile· 2025-06-25 13:00
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]