Eco Wave Power Finalizes Floaters Production for First-Ever U.S. Wave Energy Project, Clearing Path for July Deployment
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.
Eco Wave Power (NASDAQ: WAVE) ha completato la produzione dei galleggianti per il suo innovativo progetto di energia dalle onde negli Stati Uniti, presso il Porto di Los Angeles. Il progetto, previsto per il lancio a luglio 2025, rappresenta la prima stazione pilota onshore di energia dalle onde negli Stati Uniti.
I galleggianti sono stati realizzati da All-Ways Metal, un'azienda californiana di lavorazione dei metalli di proprietà femminile. Il sistema sarà installato su una struttura di molo preesistente, dove il movimento delle onde sarà trasformato in energia elettrica pulita grazie all'unità di conversione onshore brevettata da Eco Wave Power. Il progetto è supportato dal Programma Marine Renewable di Shell e dimostra l'impegno dell'azienda per l'approvvigionamento locale e la creazione di posti di lavoro negli Stati Uniti.
Eco Wave Power (NASDAQ: WAVE) ha completado la producción de flotadores para su pionero proyecto de energía undimotriz en Estados Unidos, ubicado en el Puerto de Los Ángeles. El proyecto, previsto para su despliegue en julio de 2025, representa la primera estación piloto de energía undimotriz onshore en Estados Unidos.
Los flotadores fueron fabricados por All-Ways Metal, una empresa californiana de fabricación de metales propiedad de una mujer. El sistema se instalará en una estructura de muelle ya existente, donde el movimiento de las olas se convertirá en electricidad limpia utilizando la unidad de conversión onshore patentada por Eco Wave Power. El proyecto cuenta con el apoyo del Programa de Energías Renovables Marinas de Shell y demuestra el compromiso de la empresa con el abastecimiento local y la creación de empleo en Estados Unidos.
Eco Wave Power (NASDAQ: WAVE)는 미국 최초의 파도 에너지 프로젝트를 위해 로스앤젤레스 항구에서 플로터 생산을 완료했습니다. 2025년 7월 배치를 목표로 하는 이 프로젝트는 미국 최초의 육상 파도 에너지 파일럿 스테이션입니다.
플로터는 캘리포니아에 기반을 둔 여성 소유 금속 가공 회사인 All-Ways Metal에서 제작했습니다. 이 시스템은 기존의 부두 구조물에 설치되어 Eco Wave Power의 특허받은 육상 변환 장치를 통해 파도의 움직임을 청정 전기로 전환합니다. 이 프로젝트는 Shell의 해양 재생 에너지 프로그램의 지원을 받으며, 현지 조달과 미국 내 일자리 창출에 대한 회사의 의지를 보여줍니다.
Eco Wave Power (NASDAQ : WAVE) a achevé la production des flotteurs pour son projet pionnier d'énergie houlomotrice aux États-Unis, au port de Los Angeles. Ce projet, dont le déploiement est prévu pour juillet 2025, représente la première station pilote d'énergie houlomotrice terrestre aux États-Unis.
Les flotteurs ont été fabriqués par All-Ways Metal, une entreprise californienne de fabrication de métal dirigée par une femme. Le système sera installé sur une jetée existante, où le mouvement des vagues sera converti en électricité propre grâce à l'unité de conversion terrestre brevetée d'Eco Wave Power. Le projet est soutenu par le programme Marine Renewable de Shell et illustre l'engagement de l'entreprise en faveur de l'approvisionnement local et de la création d'emplois aux États-Unis.
Eco Wave Power (NASDAQ: WAVE) hat die Produktion der Schwimmer für sein bahnbrechendes US-Wellenenergieprojekt im Hafen von Los Angeles abgeschlossen. Das Projekt, das für Juli 2025 geplant ist, stellt die erste Onshore-Wellenenergie-Pilotstation in den Vereinigten Staaten dar.
Die Schwimmer wurden von All-Ways Metal, einem kalifornischen, frauengeführten Metallverarbeitungsunternehmen, hergestellt. Das System wird auf einer bereits bestehenden Mole installiert, wo die Wellenbewegung mithilfe der patentierten Onshore-Umwandlungseinheit von Eco Wave Power in sauberen Strom umgewandelt wird. Das Projekt wird vom Marine Renewable Program von Shell unterstützt und zeigt das Engagement des Unternehmens für lokale Beschaffung und die Schaffung von Arbeitsplätzen in den USA.
- First-ever onshore wave energy pilot station in the United States
- Partnership with Shell's Marine Renewable Program provides strategic support
- Local U.S. manufacturing partnership promotes job creation and domestic production
- Low-maintenance and environmentally friendly technology compared to traditional offshore solutions
- Project still in pilot phase with unproven commercial viability
- Limited initial scale as a pilot installation
Insights
Eco Wave Power reaches critical manufacturing milestone for first U.S. wave energy project, with deployment imminent this July.
This announcement represents a significant milestone in Eco Wave Power's commercialization journey. The company has completed production of all floaters for its Port of Los Angeles pilot project, marking the final manufacturing phase before deployment of the first onshore wave energy station in the United States.
The technology differentiation here is important - Eco Wave's approach utilizes existing coastal infrastructure (a pre-existing jetty) rather than requiring complex offshore installations. This onshore conversion method potentially offers substantial cost advantages over traditional offshore wave technologies that face higher maintenance challenges and environmental concerns.
What's particularly noteworthy is the imminent deployment timeline. With floaters entering final assembly and logistics phases, installation is expected to begin this month (July 2025), with an official opening anticipated later this summer. This accelerated schedule suggests the company has successfully navigated the complex regulatory and technical hurdles typically associated with marine energy projects.
The Shell partnership through their Marine Renewable Program provides crucial validation and support. Shell's involvement indicates serious interest from established energy players in Eco Wave's technology, potentially opening doors for future commercial-scale deployments if this pilot proves successful.
This project represents a critical proof-of-concept for Eco Wave Power's U.S. market entry strategy. Wave energy remains largely untapped compared to other renewables, but success at this pilot could position the company advantageously in the expanding clean energy landscape, particularly in coastal regions seeking to diversify their renewable portfolios.
Los Angeles, California--(Newsfile Corp. - July 14, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce the successful completion of production of all floaters for its first U.S. wave energy project, located at the Port of Los Angeles.
The milestone marks a key step forward in the implementation of the first-ever onshore wave energy pilot station in the United States. The floaters—custom-engineered wave energy devices—were fully manufactured by All-Ways Metal, a woman-owned metal fabrication company based in California and the official U.S. manufacturing partner for the pilot.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11247/258706_la_project_floater.jpeg
With the painting phase now finalized, the floaters are moving into the final assembly and logistics phase in preparation for deployment, which is expected to begin later this month.
"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 structure at the Port of Los Angeles, where wave motion will be converted into clean electricity by Eco Wave Power's patented onshore conversion unit. The system offers a low-maintenance, environmentally friendly alternative to traditional offshore wave energy technologies.
Earlier this year, representatives from Eco Wave Power and the Port of Los Angeles conducted a joint visit to the installation site, finalizing the deployment strategy. The official opening of the project is expected to take place later this summer.
This pilot project is supported by Shell's Marine Renewable Program and represents a cornerstone of Eco Wave Power's entry into the U.S. renewable energy market. It also reinforces the Company's commitment to local sourcing, U.S. job creation, and building strong partnerships in the cleantech ecosystem.
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 its expectation that the floaters will be deployed in July and that the onshore wave energy pilot station will officially open later this summer. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will", or variations of such words, and similar references to future periods. 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/258706
FAQ
When will Eco Wave Power (WAVE) deploy its first U.S. wave energy project?
Where is Eco Wave Power's (WAVE) first U.S. wave energy project located?
Who is manufacturing the floaters for Eco Wave Power's (WAVE) Los Angeles project?
How does Eco Wave Power's (WAVE) wave energy technology work?
Who is supporting Eco Wave Power's (WAVE) U.S. pilot project?
