Eco Wave Power Global Ab (Publ) Stock Price, News & Analysis

Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone as its partner I-KE International Ocean Energy Co. secured a land use tender from Suao Port Company in Taiwan for a wave energy pilot station. This marks Taiwan's first-ever allocation of a commercial port area for wave power testing.

The project will be developed in Zone C of Suao Port's southern outer breakwater, spanning 2.25 hectares. I-KE will collaborate with Eco Wave Power to install Taiwan's first 100 kW onshore wave energy conversion unit, purchased through a turnkey agreement in late 2024. The project aims to expand to 20 MW in the medium term, with potential growth to 400 MW across Taiwan's coastline.

Eco Wave Power (NASDAQ: WAVE) reported H1 2025 results highlighting significant global expansion of its wave energy technology. The company completed installation of its first U.S. project at the Port of Los Angeles, advanced a 1MW project in Portugal, and expanded into new markets including India, Taiwan, and South Africa.

Financial results showed operating expenses increased 18% YoY to $1.59 million, with R&D spending up 25% and G&A costs rising 22%. Net loss widened to $1.89 million. The company maintained a strong financial position with $7.94 million in cash and short-term deposits.

Key operational highlights include completion of the Los Angeles installation ahead of September 2025 launch, progress on Portugal's first MW-scale wave energy plant, strategic partnerships with BPCL in India and I-Ke in Taiwan, and joining the €2.45 million EU-funded Atlantic Wave Energy Initiative.

Eco Wave Power (NASDAQ: WAVE) has completed the installation of its first U.S. wave energy pilot project at the Port of Los Angeles. The installation includes wave energy floaters, hydraulic pipes, supporting infrastructure, and an onshore energy conversion unit.

The non-grid-connected demonstration station will begin operational testing ahead of its official unveiling ceremony on September 9, 2025. The project aims to demonstrate the company's technology in U.S. marine conditions, facilitate environmental monitoring, and serve as a learning hub for stakeholders.

Local partners include All-Ways Metal for floater fabrication and C&S Welding Inc. for installation work. While this project focuses on demonstration, Eco Wave Power continues operations at its grid-connected site in Israel and plans expansion to Taiwan, India, and Portugal.

Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone by installing its energy conversion unit (ECU) at the Port of Los Angeles, marking a crucial step toward its first U.S. wave energy pilot project. The ECU, positioned onshore, converts ocean wave motion into clean electricity through hydraulic cylinders.

The pilot project, set for official unveiling on September 9, 2025, aims to demonstrate environmental monitoring, serve as an educational platform, and establish groundwork for larger grid-connected projects. The installation involves partnerships with local contractors C&S Welding Inc. and All-Ways Metal, with support from Shell's Marine Renewable Program and AltaSea.

The company's modular, low-impact system requires no seabed drilling or marine construction, complementing its existing operations in Israel and planned deployments in Taiwan, India, and Portugal.

Eco Wave Power (NASDAQ: WAVE) has completed the installation of floaters for its first U.S. wave energy pilot project at the Port of Los Angeles, ahead of its official unveiling on September 9, 2025. The demonstration project, supported by Shell's Marine Renewable Program and hosted by AltaSea, will convert wave motion into clean electricity using the company's patented technology.

The project involves collaboration with local contractors including All-Ways Metal and C&S Welding Inc. Key objectives include environmental impact studies, material testing, and gaining experience with U.S. licensing processes. The technology features a modular design that leverages existing coastal infrastructure, with floaters mounted on marine structures connected to a land-based conversion unit.

Eco Wave Power (NASDAQ: WAVE) has signed an agreement with 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 marks the company's strategic entry into the African market, targeting a region where over 80% of electricity comes from coal-fired plants.

The project leverages South Africa's 2,800 kilometers of coastline and aims to address the country's persistent power shortages. The Port of Ngqura's location and infrastructure make it technically suitable for wave energy implementation. This initiative adds to Eco Wave Power's global portfolio, which includes projects in Israel, the U.S. (launching September 2025), Portugal, Taiwan, and India.

Eco Wave Power (NASDAQ: WAVE) has partnered with C&S Welding Inc. for the installation of wave energy floaters and energy conversion unit at the Port of Los Angeles, marking the final step before deployment of its first U.S. onshore wave energy project.

The project has achieved several milestones: floater fabrication by All-Ways Metal is complete, with full assembly expected within a week. The initiative is hosted by AltaSea at the Port of LA, with co-investment from Shell's Marine Renewable Program. C&S Welding, a certified Small Business Enterprise with industry-leading certifications and zero lost-time accidents, will handle the installation phase.

Eco Wave Power (NASDAQ: WAVE) has elected Hilary E. Ackermann to its Board of Directors following approval at the company's AGM. Ackermann, previously on the company's Advisory Board, brings extensive experience in energy sustainability, corporate governance, and risk management.

The appointment comes strategically ahead of the official opening of Eco Wave Power's first U.S. wave energy project at the Port of Los Angeles, developed with Shell and AltaSea. Ackermann currently serves on Vistra Energy's Board, chairing its Sustainability and Risk Committee, and brings over three decades of experience from roles at Goldman Sachs and UBS.

Eco Wave Power (NASDAQ: WAVE) has completed the production of floaters for its pioneering U.S. wave energy project at the Port of Los Angeles. The project, set for deployment in July 2025, represents the first-ever onshore wave energy pilot station in the United States.

The floaters were manufactured by All-Ways Metal, a California-based woman-owned metal fabrication company. The system will be installed on a pre-existing jetty structure, where wave motion will be converted into clean electricity using Eco Wave Power's patented onshore conversion unit. The project is supported by Shell's Marine Renewable Program and demonstrates the company's commitment to local sourcing and U.S. job creation.