Welcome to our dedicated page for Eco Wave Power Global Ab (Publ) news (Ticker: WAVE), a resource for investors and traders seeking the latest updates and insights on Eco Wave Power Global Ab (Publ) stock.
Eco Wave Power Global AB (publ) develops onshore wave energy technology that converts ocean and sea waves into electricity using proprietary floaters installed on existing coastal infrastructure such as breakwaters, jetties and piers. News about WAVE commonly covers production results from the EWP-EDF One project at Jaffa Port, Israel, technology updates, financial results and corporate presentations by the foreign issuer.
Recurring updates also address the completed wave energy pilot at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy, project-development activity in international markets, and the company's positioning of wave power alongside AI-driven energy infrastructure and digital modeling applications.
Eco Wave Power (NASDAQ: WAVE) reported April and May 2026 production results from its grid-connected EWP-EDF One wave energy station at Jaffa Port, Israel, showing higher electricity generation and peak power during stronger wave conditions. In April, waves of approximately 1–1.5 meters produced about 461 kWh, with 26.2 kW peak power. In May, waves of roughly 1–2 meters generated about 1,004 kWh, with peak power of 39.1 kW and average power of 10.45 kW during relevant periods. Earlier, in February 2026, waves around 3 meters enabled peak power of about 54 kW. The station exports most output to Israel’s grid under a PPA with Israel Electric Corporation and has recorded zero downtime attributable to the Eco Wave Power system since early 2025. The pilot-scale project provides operational data to support larger, AI-enabled commercial deployments.
Eco Wave Power (NASDAQ: WAVE) reported progress on its planned 1 MW wave energy project in Porto, Portugal, after port authority APDL officially began rehabilitation works on the storm‑damaged Barra do Douro breakwater, which hosts the designated installation area for the company’s onshore technology.
According to Eco Wave Power, APDL has confirmed that works are underway and advancing, and CEO Inna Braverman will meet APDL in mid‑August 2026 to clarify the breakwater completion timeline and coordinate site access for the installation phase. APDL has also agreed to issue a letter of support for Eco Wave Power’s requested extension of the grid‑connection deadline for the first 1 MW phase, aiming to align regulatory timing with infrastructure completion. Braverman is additionally scheduled to meet key Portuguese subcontractors across civil, steel, hydraulic, electrical and grid‑connection disciplines, supporting the build‑out of a local execution ecosystem for this first phase of a framework that contemplates up to 20 MW of wave capacity.
Eco Wave Power (NASDAQ: WAVE) reported H1 2026 results showing a 12% reduction in net loss, a 9% decrease in operating expenses and a roughly 58% increase in cash versus March 31, 2026. Other income rose about 3%, while grant funding from the European Green Deal’s ILIAD Consortium and Innovate UK increased approximately 56.8%.
The company raised $4.0 million in gross proceeds via a registered direct offering of 400,000 ADSs at $10.00, a 10.7% premium to the prior Nasdaq close, plus warrants for up to 300,000 ADSs at $12.00, expiring June 26, 2029. Eco Wave Power advanced AI-driven initiatives through NVIDIA’s Inception program, multiple GTC keynote features and an NVIDIA corporate blog, while progressing projects in Israel (grid-connected Jaffa Port station), the U.S. (Port of Los Angeles pilot), Portugal (first 1 MW phase under a 20 MW concession) and Taiwan.
Eco Wave Power (NASDAQ: WAVE) welcomed a new joint initiative by Israel's Ministry of Energy and Infrastructure and the Israel Innovation Authority to invest NIS 6 million (about $2 million) in next-generation Blue-Tech marine energy technologies, including wave energy and AI-based marine energy management.
Eco Wave Power operates Israel's first and, to date, only grid-connected wave energy power station at Jaffa Port, exporting electricity under a Power Purchase Agreement and recognized as a “Pioneering Technology” by the Ministry of Energy’s Chief Scientist. The company reports zero downtime at the Jaffa station since early 2025 and continued integration of artificial intelligence and digital twin technologies. Eco Wave Power also highlighted its inclusion in California’s Final SB 605 Consultant Report, which referenced its Port of Los Angeles pilot as part of the state’s marine renewable energy assessment.
Eco Wave Power (NASDAQ: WAVE) announced that its Port of Los Angeles wave energy pilot is specifically cited in California’s Final SB 605 Consultant Report on sea space analysis for wave and tidal energy, prepared for the California Energy Commission and published in July 2025.
The report, completing SB 605 Phase 2, uses Eco Wave Power’s AltaSea installation as an example of existing marine energy development and potential future deployment opportunities. Eco Wave Power notes that its onshore, infrastructure-based technology aligns with California’s goals to minimize environmental impacts and permitting complexity as the state evaluates pathways for marine energy commercialization.
Eco Wave Power (NASDAQ: WAVE) closed a $4.0 million registered direct offering with a single strategic institutional investor on June 26, 2026. The company issued 400,000 ADSs at $10.00, a 10.7% premium to the prior Nasdaq close, plus 300,000 warrants priced at a 32.9% premium.
Eco Wave Power plans to use net proceeds to advance its global wave energy project pipeline and expand AI-driven capabilities, including digital twins, positioning wave energy as a renewable energy layer for AI infrastructure.
Eco Wave Power (NASDAQ: WAVE) priced a $4.0 million registered direct offering of 400,000 ADSs at $10.00 per ADS, a 10.7% premium to the last Nasdaq close. The investor also receives 300,000 warrants at $12.00, a 32.9% premium, exercisable immediately for three years.
According to Eco Wave Power, net proceeds will support global commercial wave energy deployment and its role as an energy layer for AI infrastructure. Closing is expected on or about June 26, 2026, subject to customary conditions.
Eco Wave Power (NASDAQ:WAVE) announced that NVIDIA featured its AI-powered wave energy technology in a new corporate blog titled “Eco Wave Power Turns Waves Into Watts With NVIDIA AI Infrastructure and Digital Twins.”
The article highlights use of NVIDIA AI, Omniverse digital twins, and pilots including a wave-powered data center project at the Port of Los Angeles.
Eco Wave Power (NASDAQ:WAVE) is featured in an NVIDIA corporate blog for using NVIDIA AI infrastructure and digital twins to convert ocean waves into electricity via floaters attached to existing marine structures.
The company operates projects in Israel and Los Angeles and is developing sites in Portugal, Taiwan and India, including a pilot to power a coastal data center solely with wave energy.
Eco Wave Power (NASDAQ:WAVE) is highlighted by NVIDIA for using NVIDIA AI infrastructure and digital twins to convert ocean waves into clean electricity via floaters attached to existing marine structures. Key focuses include AI-driven optimization, Omniverse-based simulations, and pilots powering coastal data centers.
The company operates projects in Jaffa Port and the Port of Los Angeles and is developing new sites in Portugal, Taiwan and India, aiming to align wave energy with growing AI and data center power needs.