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) announced a Feed-in Tariff (FIT) established by the Israeli Electric Authority for its EWP-EDF One Project at the Port of Jaffa. This marks Israel's first-ever wave-generated electricity connecting to the national grid. The project is co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as pioneering. Additionally, Eco Wave will begin installing its wave energy technology at AltaSea in Los Angeles and holds agreements for projects in Spain and Portugal, growing its project pipeline to 327.7 MW.
The annual general meeting of Eco Wave Power Global AB was held on June 30, 2022, where several resolutions were passed. Key decisions included adopting the 2021 profit and loss statement without dividend distribution, re-electing board members, and approving SEK 900,000 in board fees. Two authorizations for capital increases were granted in light of potential takeover bids. Also, changes were made to warrant terms, extending their exercise period to 2032 and 2027. The meeting emphasized Eco Wave Power's commitment to green energy and its ongoing initiatives.
Eco Wave Power has joined 150 companies, collectively worth 1 trillion euros, at the UN Ocean Conference in Cascais, Portugal. By signing the UN Global Compact Sustainable Ocean Principles, Eco Wave Power commits to integrate ocean sustainability into its strategy. The event underscores the private sector's role in supporting Sustainable Development Goal 14, emphasizing the importance of healthier oceans for food security and climate mitigation.
Eco Wave Power announced that its Founder and CEO, Inna Braverman, will speak at The Atlantic's The Next Scientific Revolution event on June 28, 2022, in New York. The event will focus on scientific advancements and their implications for a sustainable future. Braverman will participate in a panel discussing energy solutions for a greener tomorrow, alongside other innovators. Eco Wave Power specializes in transforming ocean waves into renewable energy and is recognized for its pioneering technology in this field. Registration is free and available online.
Eco Wave Power Global AB (Nasdaq: WAVE) released its Annual Report 2021, detailing advancements in wave energy technology aimed at combating climate change. The company is recognized as a Pioneering Technology by the Israeli Ministry of Energy and has secured funding from the EU for its Gibraltar project. The report highlights the company's commitment to green electricity production and its accolades, including the Global Climate Action Award from the United Nations. The full report is accessible in both English and Swedish.
On June 2, 2022, Inna Braverman, CEO of Eco Wave Power (WAVE), presented at the Israel-Greece Conference, discussing innovative wave energy technology. She highlighted plans for a 1 MW project in Halki, Greece, aiming for a 100% renewable energy status. The project is co-funded by the EU's NESOI program. Braverman emphasized that wave energy could supply 10% of Europe's electricity by 2050 and outlined future projects in Israel and the U.S. Eco Wave Power is recognized for its pioneering technology, contributing to climate change solutions.
Eco Wave Power Global AB (Nasdaq: WAVE) has called its annual general meeting to be held on June 30, 2022, with postal voting as the only method for participation. Shareholders must register by June 21, 2022, and submit votes by June 29, 2022. The agenda includes the approval of financial statements, election of board members, and authorizations for share capital increases. Notably, no dividend will be paid for 2021, and amendments to warrant terms are proposed. Details will be confirmed post-AGM.
Eco Wave Power Global AB (WAVE) reported its financial results for Q1 2022, with revenues of SEK 0.24 million (USD 26,000), down from SEK 0.26 million (USD 31,000) in Q1 2021. Operating loss increased to SEK 8.4 million (USD 890,000) compared to SEK 4.5 million (USD 530,000) in the previous year. Net loss for the period rose to SEK 6.7 million (USD 720,000), leading to a loss per share of SEK 0.15. The company has a cash balance of SEK 127.9 million (USD 13.8 million). Strategic projects are progressing in Israel, Los Angeles, Portugal, and Spain, with plans to connect its EWP-EDF One project to Israel's power grid.
Eco Wave Power Global AB has announced its delisting from the Nasdaq First North Growth Market, effective June 14, 2022. Following a formal application on May 25, 2022, its common shares will cease trading on June 13, 2022. From that date, only American Depositary Shares (ADSs) under the ticker WAVE will be listed on the Nasdaq Capital Market. Shareholders can convert common shares to ADSs free of charge until August 23, 2022. This move aims to streamline operations, reduce costs, and enhance liquidity for global shareholders.
Eco Wave Power Global AB (NASDAQ: WAVE, ECOWVE) announced its formal application for delisting from the Nasdaq First North Growth Market in Sweden, following its initial announcement on February 25, 2022. This transition aims to consolidate trading on the Nasdaq Capital Market in the U.S., which Eco Wave Power believes will enhance its corporate profile and improve liquidity. Shareholders can convert their common shares into American Depositary Shares (ADSs) free of charge for 90 days post-application.