Eco Wave Power AB (publ)(WAVE) - 2021 Q4 - Earnings Call Transcript

Financial Data and Key Metrics Changes - The company made significant progress in 2021, particularly with the EWP EDF One Project in Israel, which is nearing grid connection [5] - The company has over 325 megawatts of potential projects in its pipeline, indicating strong future growth prospects [12] Business Line Data and Key Metrics Changes - The new wave energy array will be an upgraded version of existing technology, with the first connection to Israel's National electrical grid [6] - The company is advancing projects in Portugal and Ireland, having secured installation and grid connection permits for a one megawatt project [9] Market Data and Key Metrics Changes - The U.S. market is identified as a key focus area, with wave energy having the potential to meet 66% of U.S. energy needs [15] - The company is expanding its presence in the U.S. following its listing on the Nasdaq Capital Market, which is expected to enhance market opportunities [14] Company Strategy and Development Direction - The company plans to focus on high-impact goals in 2022, including the opening of the EWP project in Israel and pilot projects in Los Angeles [18] - Strategic partnerships, such as collaborations with EDF Renewable and the Israeli Navy, are prioritized to enhance value [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing recognition of wave energy and its importance in the renewable energy landscape [4] - The geopolitical changes in Eastern Europe are driving increased interest in renewable energy solutions, including wave energy [12] Other Important Information - The company is reinforcing its technology in the European market and focusing on strategic partnerships to accelerate project development [14] - A delisting application from Nasdaq First North is planned, with provisions for shareholders to convert shares to American Depository Shares [22][23] Q&A Session Summary Question: What are the company's future project plans? - The company plans to accelerate the opening of its Israel project and pilot projects in Los Angeles, while also expanding its project pipeline in Europe and the U.S. [18][19]