Welcome to our dedicated page for Eco Wave Power Global Ab (Publ) news (Ticker: WAVE), a resource for investors and traders seeking the latest updates and insights on Eco Wave Power Global Ab (Publ) stock.
Eco Wave Power Global AB (publ) (Nasdaq: WAVE) is an onshore wave energy company that regularly publishes updates on its technology, projects, and partnerships. This news page aggregates company press releases and third‑party coverage related to Eco Wave Power’s wave energy activities, giving readers a focused view of developments around the WAVE stock and its underlying business.
News items for Eco Wave Power often highlight progress at key sites such as the EWP‑EDF One grid‑connected station at Jaffa Port in Israel and the onshore wave energy pilot station at AltaSea in the Port of Los Angeles. Articles also cover milestones in Portugal, including the planned 1 MW wave energy project in Porto under a 20 MW concession agreement with APDL, as well as project steps in Taiwan, India, and South Africa.
Investors and observers can expect coverage of topics such as installation and testing of floaters and energy conversion units, metocean and loads assessments, concession and tender awards, feasibility studies, and collaborations with partners like Shell Marine Renewable Energy, I‑KE International Ocean Energy, Bharat Petroleum, and Africa Great Future Development. The news flow also includes recognition events, such as Eco Wave Power’s Los Angeles pilot being named to TIME’s Best Inventions of 2025 and the company receiving the United Nations Global Climate Action Award.
By following this page, readers can monitor how Eco Wave Power advances its wave energy pipeline, reports on operational performance at pilot stations, and communicates financial and strategic updates through SEC‑furnished press releases and other announcements related to WAVE.
Eco Wave Power Global AB (WAVE) has achieved a significant milestone as its first wave energy-generating system has arrived at AltaSea in Los Angeles. This is Eco Wave's first U.S. deployment for its wave energy technology, previously located in Gibraltar. With a project pipeline totaling 404.7 MW, this collaboration aligns with U.S. efforts to enhance renewable energy, particularly following the $369 billion investment from the Inflation Reduction Act of 2022. The energy conversion unit will be installed as a pilot station in the coming months, showcasing Eco Wave's commitment to sustainable energy solutions.
Eco Wave Power Global AB (Nasdaq: WAVE) announced a landmark agreement with OREN Ordu Enerji for a potential $150 million wave energy project in Ordu, Turkey, which will be the world's largest onshore wave power station at 77 megawatts. This project marks a significant milestone as Turkey's first grid-connected wave energy facility. The construction is planned to occur in stages, beginning with a 4 MW pilot station, pending feasibility studies and necessary permits. The deal fosters stronger Turkish-Israeli relations.
Eco Wave Power Global reported a revenue decline to $26,000 for the nine months ending September 30, 2022, down from $31,000 year-on-year. Operating expenses rose 32% to $2.8 million, with R&D costs increasing to $755,000 due to a $278,000 loss from the Gibraltar project relocation. The company is advancing projects in Israel and the U.S., including its EWP-EDF One project, nearing completion, and a pilot at AltaSea in L.A. Cash reserves decreased to $10.8 million, compared to $14.6 million at the end of 2021.
Eco Wave Power Global AB (WAVE) announced that its CEO, Inna Braverman, will deliver a keynote address at the WIRED Impact Conference in London on November 2, 2022. The event, focused on sustainability and ESG, will showcase Eco Wave Power's innovative wave energy technology and projects in Europe and the U.S. Braverman, recognized by WIRED Magazine and the United Nations for her contributions, expressed excitement about discussing the potential of wave energy for sustainable power. The company is advancing its grid-connected project in Israel and has a project pipeline of 327.7 MW.
Eco Wave Power Global AB (NASDAQ: WAVE) is advancing its wave energy projects, gearing up for its first project launch in Israel and pilot deployment at the Port of Los Angeles. The company has a project pipeline of 327.7 MW and is pursuing new initiatives in California and New Jersey. Financially, revenues for the first half of 2022 decreased to $26,000, while operating expenses rose to $2.1 million, leading to a net loss of $1.4 million. Positive developments include new agreements in Europe and progress in renewable energy legislation in New Jersey.
On September 22, 2022, New Jersey's Assembly Committee unanimously advanced the Wave Energy Bill initiated by Assemblyman Robert Karabinchak and sponsored by Senator Andrew Zwicker. This legislation aims to explore wave energy deployment in New Jersey, encouraging public-private partnerships and financial incentives. The bill is set to be introduced to the Senate by September 29. Governor Phil Murphy allocated $500,000 for a pilot wave energy project, positioning New Jersey as a potential leader in marine energy.
Eco Wave Power Global AB (WAVE) will release its financial results for the first half of 2022 on September 27, 2022, after Nasdaq market close. A conference call hosted by CEO Inna Braverman is scheduled for September 28, 2022, at 9 a.m. ET. Participants can join via dial-in or webcast. The company is focused on wave energy technology and is finalizing a project in Israel with a 327.7MW project pipeline. Eco Wave Power aims to combat climate change by converting ocean waves into energy.
Eco Wave Power Global AB (Nasdaq: WAVE) announced that founder and CEO Inna Braverman will speak at the University of Haifa's Art and Science reception on September 15, 2022, at 6 PM NYC time. The event, hosted by philanthropist Tzili Charney, will feature remarks from dignitaries including Ambassador Asaf Zamir and Tel Aviv Mayor Ron Huldai. Braverman, who recently received an honorary fellowship from the university, will also attend the CODE Conference in Los Angeles and Calcalist's Mind the Tech NY Conference later in September.
Eco Wave Power Global AB (WAVE) announced that CEO Inna Braverman will speak at Calcalist's Mind the Tech NY Conference on September 14-15, 2022, in New York City. This event unites top tech leaders from Israel and the U.S. for critical discussions. Braverman will participate in an exclusive Women Entrepreneurship Roundtable, sharing insights from her journey with Eco Wave Power. The company is known for its innovative wave energy technology and has significant projects in its pipeline, including a grid-connected project in Israel.
Eco Wave Power, listed on Nasdaq as WAVE, announced that CEO Inna Braverman will speak at the prestigious Code Conference from September 6-8, 2022, in Los Angeles. This conference attracts top leaders in tech and sustainability, including Amazon's Andy Jassy and Apple's Tim Cook. Braverman will participate in a panel focused on climate technology, sharing insights on harnessing wave energy, which could potentially generate 66% of U.S. electricity. The company is advancing with projects in Israel and Los Angeles, aiming to combat climate change through innovative wave energy solutions.