Eco Wave Power and AltaSea Align on Official Launch Date for First-Ever U.S. Wave Energy Project at the Port of Los Angeles
Eco Wave Power (NASDAQ: WAVE) has announced the official launch date for the first-ever U.S. onshore wave energy pilot project at the Port of Los Angeles, set for September 9, 2025. The project, developed in partnership with AltaSea, represents a significant milestone in renewable energy innovation.
The installation will convert wave motion into clean electricity using floaters attached to existing marine infrastructure, with land-based conversion units. The project has already achieved progress with three floaters completed and entering final preparation phases at All-Ways Metal, a California-based fabricator. The initiative is supported by Shell's Marine Renewable Program and emphasizes local manufacturing and U.S. job creation.
Eco Wave Power (NASDAQ: WAVE) ha annunciato la data ufficiale di lancio del primo progetto pilota onshore di energia dalle onde negli Stati Uniti presso il Porto di Los Angeles, previsto per il 9 settembre 2025. Il progetto, sviluppato in collaborazione con AltaSea, rappresenta una tappa importante nell'innovazione delle energie rinnovabili.
L'installazione trasformerà il movimento delle onde in energia elettrica pulita utilizzando galleggianti ancorati alle infrastrutture marine esistenti, con unità di conversione situate a terra. Il progetto ha già raggiunto importanti progressi con tre galleggianti completati e in fase finale di preparazione presso All-Ways Metal, un produttore con sede in California. L'iniziativa è sostenuta dal Programma Marine Renewable di Shell e punta a valorizzare la produzione locale e la creazione di posti di lavoro negli Stati Uniti.
Eco Wave Power (NASDAQ: WAVE) ha anunciado la fecha oficial de lanzamiento del primer proyecto piloto de energía undimotriz onshore en EE. UU. en el Puerto de Los Ángeles, programado para el 9 de septiembre de 2025. El proyecto, desarrollado en colaboración con AltaSea, representa un hito importante en la innovación de energías renovables.
La instalación convertirá el movimiento de las olas en electricidad limpia utilizando flotadores anclados a infraestructuras marinas existentes, con unidades de conversión en tierra. El proyecto ya ha avanzado con tres flotadores completados y en fases finales de preparación en All-Ways Metal, un fabricante con sede en California. La iniciativa cuenta con el apoyo del Programa Marino Renovable de Shell y enfatiza la fabricación local y la creación de empleos en EE. UU.
Eco Wave Power (NASDAQ: WAVE)는 미국 최초의 육상 파도 에너지 파일럿 프로젝트를 로스앤젤레스 항구에서 2025년 9월 9일에 공식 출시할 예정이라고 발표했습니다. 이 프로젝트는 AltaSea와 협력하여 개발되었으며, 재생 에너지 혁신에 중요한 이정표를 의미합니다.
설치는 기존 해양 인프라에 부착된 부표를 이용해 파도 움직임을 청정 전기로 변환하며, 육상 변환 장치를 사용합니다. 이미 세 개의 부표가 완성되어 캘리포니아 소재 제조업체인 All-Ways Metal에서 최종 준비 단계에 들어갔습니다. 이 프로젝트는 Shell의 해양 재생 에너지 프로그램의 지원을 받으며, 지역 제조와 미국 내 일자리 창출을 강조합니다.
Eco Wave Power (NASDAQ: WAVE) a annoncé la date officielle de lancement du tout premier projet pilote d'énergie des vagues onshore aux États-Unis au port de Los Angeles, prévue pour le 9 septembre 2025. Ce projet, développé en partenariat avec AltaSea, représente une étape importante dans l'innovation des énergies renouvelables.
L'installation convertira le mouvement des vagues en électricité propre grâce à des flotteurs fixés aux infrastructures marines existantes, avec des unités de conversion situées à terre. Le projet a déjà progressé avec trois flotteurs achevés et entrant dans les phases finales de préparation chez All-Ways Metal, un fabricant basé en Californie. L'initiative est soutenue par le programme Marine Renewable de Shell et met l'accent sur la fabrication locale et la création d'emplois aux États-Unis.
Eco Wave Power (NASDAQ: WAVE) hat das offizielle Startdatum für das erstmalige Onshore-Wellenenergie-Pilotprojekt in den USA am Hafen von Los Angeles bekannt gegeben, das für den 9. September 2025 geplant ist. Das Projekt, das in Partnerschaft mit AltaSea entwickelt wurde, stellt einen bedeutenden Meilenstein in der Innovation erneuerbarer Energien dar.
Die Installation wird Wellenbewegungen mithilfe von an bestehende marine Infrastruktur befestigten Schwimmern in sauberen Strom umwandeln, wobei landgestützte Umwandlungseinheiten zum Einsatz kommen. Das Projekt hat bereits Fortschritte erzielt, mit drei fertiggestellten Schwimmern, die sich in der Endvorbereitung bei All-Ways Metal, einem Hersteller mit Sitz in Kalifornien, befinden. Die Initiative wird vom Marine Renewable Program von Shell unterstützt und legt Wert auf lokale Fertigung und die Schaffung von Arbeitsplätzen in den USA.
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Insights
Eco Wave Power's first U.S. wave energy pilot marks strategic U.S. market entry with key partnerships, advancing emerging renewable technology.
This announcement marks a significant milestone for Eco Wave Power as they prepare to launch the first-ever onshore wave energy pilot in the United States. The September 9, 2025 unveiling at the Port of Los Angeles represents a strategic entry into the U.S. renewable energy landscape with their innovative technology that converts wave motion to electricity via land-based units.
The project demonstrates several competitive advantages. First, the installation at a major commercial port showcases practical application in functioning maritime facilities. Second, the strategic partnerships with AltaSea and support from Shell's Marine Renewable Program provides institutional validation and technical credibility. Third, the local manufacturing approach with California-based All-Ways Metal aligns with domestic job creation initiatives.
From a technical perspective, Eco Wave Power's approach of attaching floaters to existing marine infrastructure represents a potentially more cost-effective implementation compared to traditional offshore systems. The land-based conversion units likely simplify maintenance access and grid connection - persistent challenges in marine energy.
This pilot installation could serve as a crucial proof-of-concept for other coastal cities and ports seeking to diversify their renewable portfolios beyond solar and wind. While the press release doesn't specify generation capacity or economic metrics, for a company pioneering an emerging renewable technology, securing high-profile partnerships and a demonstration at a major U.S. port constitutes meaningful progress in their commercialization pathway.
The timing aligns with increasing policy support for innovative renewable technologies, potentially positioning Eco Wave Power as an early mover in the relatively untapped U.S. marine energy market compared to Europe's more advanced wave energy developments.
Los Angeles, California--(Newsfile Corp. - June 25, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy developer, is pleased to announce that Inna Braverman, Founder and CEO of Eco Wave Power, and Ran Atias, VP of Engineering, held a strategic meeting with Terry Tamminen, CEO of AltaSea at the Port of Los Angeles, to officially agree upon the launch date and public unveiling of the first-ever onshore U.S. wave energy pilot project.
The historic launch event is scheduled to take place on Tuesday, September 9, 2025, on-site at AltaSea, and will mark a historic milestone in renewable energy innovation for the United States. The event is expected to draw key stakeholders from the clean energy sector, government, academia, and media, and will showcase the real-world implementation of Eco Wave Power's patented wave energy technology.
Terry Tamminen, CEO of AltaSea, Inna Braverman, CEO of Eco Wave Power and Ran Atias, VP Engineering of Eco Wave Power
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11247/256687_37c2015c34baf918_001full.jpg
"Our meeting with Terry Tamminen was extremely productive and energizing," said Inna Braverman. "We are now fully aligned on the launch timeline and are excited to welcome partners, press, and policymakers to witness the future of ocean energy in action—right here at the Port of LA."
Terry Tamminen, CEO of AltaSea, added: "AltaSea was founded to accelerate ocean-based solutions to climate change, and Eco Wave Power is a perfect example of that vision becoming reality. This project is not just a first for the U.S.—it's a model for how ports around the world can transform into clean energy hubs. We are proud to be the home of this historic installation."
Following the meeting, the Eco Wave Power and AltaSea teams also conducted a joint walk-through of the installation site to ensure smooth coordination between manufacturing, installation, and event logistics.
This announcement follows recent progress in the project, including the completion of the first three floaters, which are currently entering the final painting and preparation phase at All-Ways Metal, a woman-owned California-based fabrication company.
"We're not just making history—we're making it locally, with California innovation, U.S.-based production, and world-class collaboration," added Braverman. "AltaSea has been an incredible host and partner in this journey."
The Eco Wave Power installation at AltaSea at the Port of Los Angeles will be the first onshore wave energy project in the United States. Using floaters attached to existing marine infrastructure, Eco Wave Power's technology converts wave motion into clean electricity via land-based conversion units—offering a cost-effective, reliable, and scalable solution for coastal cities.
The project is supported by Shell's Marine Renewable Program and manufactured locally by All-Ways Metal, underscoring Eco Wave Power's commitment to U.S. job creation, innovation, and climate leadership.
About AltaSea
AltaSea at the Port of Los Angeles is a nonprofit center for blue economy innovation, research, and education. Dedicated to accelerating ocean-based solutions to climate change, AltaSea serves as a hub for sustainable business, environmental progress, and community engagement.
About Eco Wave Power Global AB (publ)
Eco Wave Power (Nasdaq: WAVE) is a pioneering onshore wave energy company transforming ocean and sea waves into clean, cost-efficient electricity using its patented and intelligent technology.
With a strong commitment to addressing climate change, the company developed and operates Israel's first grid-connected wave energy power station—recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and co-funded by EDF Renewables IL.
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 growing project pipeline of 404.7 MW.
The company has earned support and recognition from leading international organizations, including the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and is a proud recipient of the United Nations Global Climate Action Award.
Eco Wave Power's American Depositary Shares are listed on the Nasdaq Capital Market under the symbol "WAVE." For more information, please visit www.ecowavepower.com.
Note: Information available on or through the websites mentioned herein does not form part of this press release.
For press inquiries, please contact: info@ecowavepower.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses: the expected launch of the first-ever U.S. wave energy pilot project on September 9, 2025, the launch event will mark a historic milestone in renewable energy innovation for the United States, and that the event is expected to draw key stakeholders from the clean energy sector, government, academia, and media, and will showcase the real-world implementation of Eco Wave Power's patented wave energy technology. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading "Risk Factors" in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the SEC on March 3, 2025, which is available on the on the SEC's website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256687
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