Following Keynote Recognition, NVIDIA Showcases Eco Wave Power's Vision for AI-Driven Wave Energy Technology

(Moderate)

(Positive)

Rhea-AI Summary

Eco Wave Power (NASDAQ: WAVE) was featured in an NVIDIA short film published across NVIDIA's global social platforms on May 4, 2026, highlighting the company's vision to apply AI to model wave motion and optimize floaters that convert ocean waves into onshore electricity.

The video cites Eco Wave Power's work on AI-driven modeling to enhance performance and scalability, and the company says it is pursuing applications near coastal data centers to supply clean, proximate energy.

Argus May 4 session

+21.95% close to close Open Argus

Details

News Market Reaction – WAVE

On May 4, the day this news came out, WAVE closed 21.95% above the previous close.

Data tracked by StockTitan Argus for the May 4 session.

Market Context

On May 4, the day this news came out, the stock closed 21.9% above the previous close. A strong posi...

Analysis

On May 4, the day this news came out, the stock closed 21.9% above the previous close. A strong positive reaction aligns with WAVE’s recurring AI narrative and recent NVIDIA visibility. Prior AI-tagged events showed an average move of 2.28%, with both sharp gains and pullbacks, so sustained strength would depend on how investors view the commercial impact of AI-optimized wave projects, the 404.7 MW pipeline, and funding needs for scaling deployments.

Key Figures

Energy produced: more than 1,200 kWh Planned unit size: 100 kW Project pipeline: 404.7 MW +5 more

Energy produced: more than 1,200 kWh; EWP-EDF One pilot, March 2026 production at Jaffa Port
Planned unit size: 100 kW; Planned onshore wave energy conversion unit at Suao Port, Taiwan
Project pipeline: 404.7 MW; Global wave energy project pipeline under development
Operating expenses: $3.15 million; Full-year 2025 operating expenses
OpEx change: 28%; 2025 operating expenses increase vs prior year
OpEx QoQ move: 24% decrease; Q4 2025 operating expenses vs Q3 2025
Cash balance: $6.3 million; Cash and short-term deposits at end of 2025
CEO ownership: 11,441,200 common shares; Inna Braverman beneficial ownership as of Mar 18, 2026 (Form 3)

Previous AI Reports

3 past events · Latest: Apr 07

Same Type 3 events

Apr 07
AI production update

24h Move

-2.5%

Reported >1,200 kWh March output and AI data center potential at Jaffa Port.
Mar 18
NVIDIA GTC feature

24h Move

-4.7%

NVIDIA keynote digital twin demo of AI-driven modeling for wave devices.
Mar 17
NVIDIA keynote video

24h Move

+14.0%

Keynote video highlighted renewable wave energy’s role in the AI era.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

artificial intelligence, data centers

2 terms

artificial intelligence technical

"highlighting Eco Wave Power's vision of leveraging artificial intelligence to optimize"

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

data centers technical

"wave energy can play an important role in powering the next generation of coastal data centers"

Large facilities that house rows of computer servers, storage devices, and networking equipment that store, process and move digital information for websites, cloud services and companies. Like a warehouse filled with powerful computers instead of boxes, they keep online services running around the clock. Investors care because demand, location, energy use and reliability drive revenue, costs, growth prospects and regulatory or operational risks for businesses that own or lease them.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/04/2026 - 08:30 AM

Short film published across NVIDIA's global social media platforms highlights Eco Wave Power's approach to combining artificial intelligence and wave energy

MIAMI, Fla., May 4, 2026 /PRNewswire/ -- Eco Wave Power Global AB (NASDAQ: WAVE), a leading onshore wave energy technology company, today announced that NVIDIA has featured the Company in a short film published across its global social media platforms, highlighting Eco Wave Power's vision of leveraging artificial intelligence to optimize wave energy generation.

The film follows Eco Wave Power's participation in a recent NVIDIA keynote delivered by Jensen Huang, Founder and Chief Executive Officer of NVIDIA, where the Company's technology was highlighted as part of the broader discussion on AI-driven innovation. The video showcases how Eco Wave Power is exploring the use of AI technologies to model wave motion and enhance the performance of its proprietary floaters, which convert ocean wave movement into clean electricity.

In the accompanying caption, NVIDIA noted:
"Eco Wave Power uses AI to model wave motion, optimizing floaters that convert wave movement into clean electricity at scale."

In the YouTube version of the film, NVIDIA further states:
"The ocean holds more energy than the world will ever need. Eco Wave Power uses AI to turn every wave into clean electricity. Renewable energy powered by the sea."

"Being featured by NVIDIA is a strong validation of our vision to integrate advanced AI technologies into renewable energy infrastructure," said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power. "We are actively working on developing AI-driven capabilities to further enhance our technology, and we believe wave energy can play an important role in powering the next generation of coastal data centers."

Technology & Strategy

Eco Wave Power's technology is designed to generate electricity from ocean waves using floaters attached to existing coastal infrastructure, with energy conversion taking place on land. The Company is currently advancing the development of AI-driven capabilities intended to model wave patterns and optimize system performance, supporting increased efficiency and scalability across future deployments.

As global demand for computing power accelerates, including the rapid expansion of AI infrastructure, data centers are increasingly being located in coastal regions to improve cooling efficiency and access to energy resources. Eco Wave Power believes its technology is uniquely positioned to support this trend by providing a clean, predictable energy source in close proximity to such facilities.

Watch the NVIDIA Feature

The official NVIDIA film featuring Eco Wave Power is available on the following platforms:

About Eco Wave Power Global AB (publ)

Eco Wave Power Global (NASDAQ: WAVE) is a leading onshore wave energy company that converts ocean and sea waves into clean, reliable, and cost-efficient electricity using its patented and intelligent technology. By generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties, and piers, Eco Wave Power enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive infrastructure.

As global electricity demand continues to rise with the growth of artificial intelligence, digital infrastructure, and next-generation data centers, Eco Wave Power's technology is designed to help provide renewable energy near shorelines where many data centers, industrial facilities, and population centers are located.

With a mission to accelerate the global transition to renewable energy while supporting the next generation of digital and industrial infrastructure, 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 Power Solutions. 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 globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. 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 honored 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

Press inquiries:
info@ecowavepower.com

Note: Information available on or through the websites mentioned herein does not form part of this press release.

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 vision to integrate advanced AI technologies into renewable energy infrastructure, its belief that wave energy can play an important role in powering the next generation of coastal data centers, its advancement of AI-driven capabilities intended to model wave patterns and optimize system performance, and its belief that its technology is uniquely positioned to support coastal data center energy needs. 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, 2025 filed with the SEC on March 12, 2026, 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.

Video: https://www.youtube.com/shorts/ypkGqP-jclA

View original content to download multimedia:https://www.prnewswire.com/news-releases/following-keynote-recognition-nvidia-showcases-eco-wave-powers-vision-for-ai-driven-wave-energy-technology-302761300.html

SOURCE Eco Wave Power Global AB (publ)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NVIDIA showcase about Eco Wave Power (WAVE) on May 4, 2026?

NVIDIA featured Eco Wave Power in a short film highlighting AI-driven wave energy modeling and floater optimization. According to NVIDIA, the film shows Eco Wave Power using AI to model wave motion and optimize floaters that convert wave movement into onshore electricity.

How is Eco Wave Power (WAVE) using AI to improve wave energy technology?

Eco Wave Power is developing AI capabilities to model wave patterns and optimize floater performance. According to the company, these AI tools aim to increase system efficiency and scalability for future onshore energy conversion deployments.

Could Eco Wave Power (WAVE) supply energy to coastal data centers?

Eco Wave Power says its technology could provide clean, nearby energy to coastal data centers to support cooling and power needs. According to the company, proximity of onshore conversion sites is a strategic fit for data center locations near coastlines.

Where can investors watch the NVIDIA film featuring Eco Wave Power (WAVE)?

The NVIDIA short film is available on multiple social platforms including YouTube, Facebook, Instagram, and LinkedIn. According to NVIDIA, the video highlights AI-driven wave energy use cases and showcases Eco Wave Power's technology in a brief feature.

Does the NVIDIA feature confirm commercial contracts or revenues for Eco Wave Power (WAVE)?

No commercial contracts or revenue figures are disclosed in the feature; it is a recognition of the company's AI-driven vision. According to Eco Wave Power, the film highlights technology development rather than reporting completed sales or financial results.

Following Keynote Recognition, NVIDIA Showcases Eco Wave Power's Vision for AI-Driven Wave Energy Technology

Rhea-AI Summary

Positive