Eco Wave Power Highlighted in U.S. Department of Energy National Laboratory Report Emphasizing the Strong Economic and Deployment Advantages of Coastal Structure-Integrated Wave Energy

Rhea-AI Summary

Eco Wave Power (NASDAQ: WAVE) was highlighted in a U.S. Department of Energy national laboratory report on February 19, 2026, promoting Coastal Structure Integrated Wave Energy Converters (CSI-WECs) as lower-risk, dual-use assets. The report cites 2,640 TWh theoretical U.S. potential, ~14% hardened coastline, and payback estimates of 5–6 years.

The analysis notes scalability from microgrids to grid-level generation and identifies Puerto Rico, Hawaii, Pribilof Islands, and Humboldt Bay as high-potential sites where Eco Wave performed preliminary analyses.

Positive

• Estimated U.S. wave potential of 2,640 TWh/year
• Capital payback estimated at approximately 5–6 years
• Approximately 14% of U.S. coastline already hardened for integration
• Eco Wave selected for preliminary analyses at 4 high-potential U.S. sites
• Scalability from microgrid to grid-level generation possible

Negative

• Analyses were preliminary and limited to four locations
• Projected device output given as ranges (tens to hundreds MWh)
• Commercial deployment remains dependent on increasing coastal infrastructure investments

News Market Reaction – WAVE

-0.63%

2 alerts

-0.63% News Effect

-$189K Valuation Impact

$30M Market Cap

0.4x Rel. Volume

On the day this news was published, WAVE declined 0.63%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $189K from the company's valuation, bringing the market cap to $30M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

U.S. wave energy potential: 2,640 terawatt-hours per year Hardened coastline share: 14% Coastal population share: 40% +5 more

8 metrics

U.S. wave energy potential 2,640 terawatt-hours per year Theoretical wave energy along U.S. coastlines

Hardened coastline share 14% Portion of U.S. coastline with coastal defense structures

Coastal population share 40% Portion of U.S. population in coastal counties

Capital payback period five to six years Estimated CSI-WEC project payback from national lab analysis

Project life horizon 20 years National lab estimate for CSI-WEC project value period

Deployment length basis 10-meter deployments Normalized device deployment length in study analyses

Global project pipeline 404.7 MW Pipeline under development cited in recent 6-K filings

South Africa feasibility capacity 8.3 MW Technical potential at Port of Ngqura breakwater

Market Reality Check

Price: $5.00 Vol: Volume 15500 vs 20-day av...

normal vol

$5.00 Last Close

Volume Volume 15500 vs 20-day average 11700, indicating somewhat elevated trading activity. normal

Technical Price at 4.78 is trading below the 200-day MA 6.94 and well under the 52-week high 9.87.

Peers on Argus

Momentum scanner shows mixed moves among renewables peers, with VGAS up 11.28%, ...

2 Up 1 Down

Momentum scanner shows mixed moves among renewables peers, with VGAS up 11.28%, ELLO up 4.23%, and ENLT down 2.84%, suggesting no clear sector-wide driver tied to this headline.

Historical Context

5 past events · Latest: Feb 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 17	Feasibility study result	Positive	-0.6%	Feasibility study showed about 8.3 MW potential at Port of Ngqura.
Feb 12	Operational update	Positive	+1.3%	Jaffa Port pilot generated over 2,300 kWh with zero downtime in January.
Feb 10	Financing LOI	Positive	+7.4%	LOI with Wavefront Asset Management for up to 100% equipment financing.
Jan 15	Project advancement	Positive	-1.0%	Porto project advanced with metocean assessment and execution plan submission.
Jan 12	Performance update	Positive	+1.5%	December Jaffa Port production over 2,000 kWh with zero downtime in 2025.

Pattern Detected

Recent operational and project development updates have generally been positive, yet market reactions have been mixed, with both aligned gains and divergences where shares slipped on constructive news.

Recent Company History

Over the past months, Eco Wave Power has reported steady operational progress and pipeline expansion. Updates included strong production at Jaffa Port with zero downtime, a 1 MW Porto project advancing toward execution under a 20 MW concession, and a feasibility study in South Africa indicating about 8.3 MW of potential capacity. A financing-focused LOI prompted a stronger positive move, while some development milestones saw modest declines. Today’s DOE national laboratory recognition fits into this pattern of third-party validation and project pipeline build-out.

Market Pulse Summary

This announcement highlights a U.S. DOE national laboratory report that positions Eco Wave Power’s c...

Analysis

This announcement highlights a U.S. DOE national laboratory report that positions Eco Wave Power’s coastal structure-integrated wave energy as a comparatively lower-risk, higher-value marine energy pathway, with U.S. wave potential of 2,640 TWh/year and an existing 404.7 MW pipeline. Investors may focus on how this validation supports project awards, financing uptake under the LOI framework, and progress at sites like Jaffa Port, Los Angeles, Portugal, and South Africa, while monitoring execution timelines and regulatory milestones.

Key Terms

coastal structure integrated wave energy converters, techno-economic analysis, gis-based, microgrid, +3 more

7 terms

coastal structure integrated wave energy converters technical

"emphasizing the high-value potential of Coastal Structure Integrated Wave Energy Converters ("CSI-WECs")"

Coastal structure integrated wave energy converters are devices built into sea defenses or harbor structures (like breakwaters, piers, or seawalls) that capture the motion of waves and turn it into electricity. For investors, they matter because they can lower installation costs and land use compared with standalone plants—think of them as adding solar panels to a roof—potentially improving returns while also exposing projects to coastal engineering, permitting, and maintenance risks.

techno-economic analysis technical

"The national laboratory's techno-economic analysis and GIS-based siting tool indicate that CSI-WEC deployments"

Techno-economic analysis evaluates whether a technology or project can work in practice and make money by combining its technical performance (how well it operates, yields, or scales) with a financial picture of costs and revenues. Investors use it like a combined recipe-and-budget check: it shows the likely expenses, returns and risks so they can compare options, decide how much to invest, and spot hidden cost or performance problems before committing capital.

gis-based technical

"techno-economic analysis and GIS-based siting tool indicate that CSI-WEC deployments may achieve"

GIS-based means using geographic information systems — computer tools that collect, map and analyze location data — to support decisions or products. Investors care because location-aware analysis can reveal where assets, customers or risks are concentrated (like using a map to spot clusters), helping companies optimize operations, plan expansion, manage risk and show measurable advantages that can affect revenue and costs.

microgrid technical

"Scalability from microgrid applications to grid-level generation depending on available linear infrastructure"

A microgrid is a small, local electricity system that combines power sources (like solar panels, small generators) and storage (batteries) with controls so it can run either connected to the main utility grid or on its own during outages. For investors, microgrids matter because they reduce outage risk, can lower energy costs, enable new revenue streams (selling excess power or grid services), and reflect growing demand for resilient, decentralized energy infrastructure.

grid-level generation technical

"Scalability from microgrid applications to grid-level generation depending on available linear infrastructure"

Large-scale electricity production that is fed directly into the public power grid from utility-sized facilities such as big solar farms, wind parks, gas or hydro plants. Investors care because grid-level sources are the ones that supply steady, contractable power to many customers and utilities, so they drive predictable revenue, require sizable capital and regulatory approval, and affect local transmission and long-term energy contracts.

grid-connected technical

"A grid-connected project developed in partnership with EDF at Jaffa Port, Israel (EWP-EDF One Project)"

Grid-connected describes a power system, such as a solar array, battery or generator, that is physically linked to the public electricity network so it can send electricity to and draw electricity from that shared grid. For investors, grid-connected projects matter because they can sell excess power, buy backup power, and qualify for incentives or utility contracts, making revenue streams and operating risks more predictable—like a small business hooked into a city’s water and sewer system instead of relying on a private well.

onshore wave energy technical

"a leading developer of onshore wave energy technology, today announced its inclusion"

Onshore wave energy captures the power of ocean waves using machines or structures located on or right next to the shoreline, converting the back-and-forth motion into electricity. Think of it like a coastal watermill that turns wave force into usable power; for investors, it matters because projects can offer predictable clean-energy revenue streams with easier access to existing grid connections, but they carry risks from weather variability, coastal regulations and maintenance costs from a salty, rough environment.

AI-generated analysis. Not financial advice.

Los Angeles, California--(Newsfile Corp. - February 19, 2026) - Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading developer of onshore wave energy technology, today announced its inclusion in a major U.S. Department of Energy ("DOE") national laboratory report emphasizing the high-value potential of Coastal Structure Integrated Wave Energy Converters ("CSI-WECs") across U.S. coastlines.

The report, authored by the National Laboratory of the Rockies for the DOE Office of Energy Efficiency and Renewable Energy Water Power Technologies Office (produced while operating as the National Renewable Energy Laboratory (NREL)), evaluates the technical, economic, and geographic opportunity for structure-integrated wave energy systems in the United States.

Eco Wave Power first U.S. demonstration project at the Port of Los Angeles (Photo Credit Erik Olsen)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11247/284491_f0744cf3442eab41_001full.jpg

The national laboratory analysis identifies structure-integrated wave energy as a comparatively lower-risk and higher-value deployment pathway within the broader marine energy sector.

Unlike offshore wave projects that require standalone marine infrastructure, CSI-WEC systems are embedded directly into existing or planned coastal defense structures such as breakwaters, jetties, and harbor walls. This integration model:

• Reduces capital intensity by leveraging pre-existing infrastructure

• Minimizes subsea cabling and offshore installation complexity

• Lowers operations and maintenance costs through onshore accessibility

• Preserves the primary coastal protection function even if power generation is temporarily offline

The report concludes that this dual-use infrastructure model offers a more practical and financially attractive route to commercial marine energy deployment.

According to the study:

• U.S. coastlines contain an estimated 2,640 terawatt-hours per year of theoretical wave energy potential

• Approximately 14% of U.S. coastline is already hardened with coastal defense structures

• Nearly 40% of the U.S. population lives in coastal counties, many facing increasing erosion and flooding risks

As climate change accelerates coastal hazards, investment in sea walls, breakwaters, and harbor reinforcements is expected to rise. The report emphasizes that integrating wave energy converters into such infrastructure can meaningfully enhance lifetime asset value by transforming passive defense structures into revenue-generating clean energy assets.

The national laboratory's techno-economic analysis and GIS-based siting tool indicate that CSI-WEC deployments may achieve:

• Capital payback periods estimated at approximately five to six years

• Potential for millions of dollars in energy value over a 20-year project life

• Scalability from microgrid applications to grid-level generation depending on available linear infrastructure

The research team highlights CSI-WEC systems as a high-value marine energy application that has historically been underexplored in the United States despite favorable economics and infrastructure synergies.

Eco Wave Power was one of only three wave energy developers selected to perform preliminary energy production analyses for four high-potential U.S. locations:

• Puerto Rico

• Hawaii

• The Pribilof Islands

• Humboldt Bay, California

Initial results demonstrated meaningful near-term deployment potential, with projected annual generation ranging from tens to hundreds of megawatt-hours per device under normalized 10-meter deployments, and the ability to scale output with extended infrastructure length.

The report's conclusions align with Eco Wave Power's demonstrated operational experience integrating wave energy systems into existing coastal structures, including:

• A grid-connected project developed in partnership with EDF at Jaffa Port, Israel (EWP-EDF One Project), delivering electricity to the national grid

• The Company's first U.S. demonstration project at the Port of Los Angeles, marking a significant milestone in introducing onshore wave energy technology to the American market

These deployments validate the structure-integration model highlighted in the national laboratory study.

"This independent national laboratory report underscores what we have consistently believed and demonstrated in the field: structure-integrated wave energy represents one of the most economically rational and deployable pathways for marine energy in the United States," said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power. "By converting coastal defense infrastructure into clean energy assets, we are not only strengthening community resilience but also unlocking new revenue streams and accelerating the transition to renewable power."

The full report is available at no cost through the National Laboratory of the Rockies in the following link: https://docs.nlr.gov/docs/fy26osti/90768.pdf.

This work was authored by the National Laboratory of the Rockies for the U.S. Department of Energy (DOE), operated under Contract No. DE-AC36-08GO28308. Funding was provided by the DOE Office of Energy Efficiency and Renewable Energy Water Power Technologies Office. The views expressed in the report do not necessarily represent those of the DOE or the U.S. Government.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global (NASDAQ: WAVE) is a pioneering onshore wave energy company that transforms the power of ocean and sea waves into clean, reliable, and cost-efficient electricity through its patented, intelligent technology.

With a mission to accelerate the global transition to renewable energy, Eco Wave Power 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. In the United States, the Company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy.

Eco Wave Power is expanding rapidly worldwide, with upcoming projects in Portugal, Taiwan, and India, representing a robust project pipeline of 404.7 MW under development. The Company has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and was honoured with the United Nations Global Climate Action Award.

Eco Wave Power's American Depositary Shares (ADSs) are traded on the Nasdaq Capital Market under the ticker symbol "WAVE."

For more information, please visit: www.ecowavepower.com

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 states that the projected annual generation ranges from tens to hundreds of megawatt-hours per device under normalized 10-meter deployments, and the ability to scale output with extended infrastructure length and that structure-integrated wave energy represents one of the most economically rational and deployable pathways for marine energy in the United States. 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/284491

FAQ

What did the DOE national laboratory report say about CSI-WEC economics for WAVE on February 19, 2026?

The report found CSI-WECs may offer 5–6 year capital payback and strong lifetime value. According to the company, the analysis cites lower capital intensity, reduced O&M, and potential for millions of dollars in energy value over a 20-year project life.

How much theoretical U.S. wave energy potential did the report cite relevant to WAVE?

The study cited about 2,640 terawatt-hours per year of theoretical U.S. potential. According to the company, that figure frames the large-scale resource but actual recoverable energy depends on siting and infrastructure availability.

Which U.S. locations did Eco Wave (WAVE) analyze for CSI-WEC deployment in the DOE study?

Eco Wave performed preliminary analyses for Puerto Rico, Hawaii, Pribilof Islands, and Humboldt Bay. According to the company, these were the four high-potential U.S. sites evaluated for near-term structure-integrated deployments.

What generation per device did the report project for WAVE's CSI-WECs under normalized conditions?

Initial results projected annual generation of tens to hundreds of MWh per device for 10-meter deployments. According to the company, output scales with available linear infrastructure and device count along hardened structures.

How does CSI-WEC integration affect coastal infrastructure value for WAVE shareholders?

CSI-WECs can convert defense structures into revenue-generating assets, increasing lifetime value. According to the company, integrating converters preserves coastal protection while adding clean-energy revenue potential tied to long-term infrastructure investments.

Does the DOE report indicate CSI-WECs require less offshore work compared to traditional wave projects for WAVE?

Yes. The report highlights that CSI-WECs leverage existing coastal structures, reducing subsea cabling and offshore installation complexity. According to the company, onshore accessibility also lowers operations and maintenance costs versus standalone offshore systems.