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 (NASDAQ: WAVE) has achieved a historic milestone with the launch of the first-ever U.S. wave energy project at the Port of Los Angeles, developed in partnership with AltaSea and Shell Marine Renewable Energy. This groundbreaking installation marks the first onshore wave energy facility in the United States, featuring floaters that convert ocean wave motion into renewable electricity.
The project aligns with California's climate policies and Senate Bill 605, which mandates a wave energy roadmap. It has received strong federal support through Congresswoman Nanette Díaz Barragán's $1 billion Marine Energy Technologies Acceleration Act. CEO Inna Braverman announced upcoming expansion projects in Taiwan, India, and Portugal, while partnerships are developing in Africa, including a potential wave energy station at South Africa's Port of Ngqura.
Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone in its U.S. pilot project at the Port of Los Angeles by successfully completing operational testing and lowering its wave energy floaters into the water for the first time. The event was broadcast live on Good Morning America, marking a notable moment for wave energy technology visibility.
The project installation included wave energy floaters, hydraulic pipes, supporting infrastructure, and an onshore energy conversion unit. The company will host a formal unveiling ceremony on September 9, 2025, at AltaSea. The demonstration station aims to showcase the company's patented onshore technology, support environmental monitoring, serve as an educational hub, and establish groundwork for future commercial projects in the U.S.
Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone as its partner I-KE International Ocean Energy Co. secured a land use tender from Suao Port Company in Taiwan for a wave energy pilot station. This marks Taiwan's first-ever allocation of a commercial port area for wave power testing.
The project will be developed in Zone C of Suao Port's southern outer breakwater, spanning 2.25 hectares. I-KE will collaborate with Eco Wave Power to install Taiwan's first 100 kW onshore wave energy conversion unit, purchased through a turnkey agreement in late 2024. The project aims to expand to 20 MW in the medium term, with potential growth to 400 MW across Taiwan's coastline.
Eco Wave Power (NASDAQ: WAVE) reported H1 2025 results highlighting significant global expansion of its wave energy technology. The company completed installation of its first U.S. project at the Port of Los Angeles, advanced a 1MW project in Portugal, and expanded into new markets including India, Taiwan, and South Africa.
Financial results showed operating expenses increased 18% YoY to $1.59 million, with R&D spending up 25% and G&A costs rising 22%. Net loss widened to $1.89 million. The company maintained a strong financial position with $7.94 million in cash and short-term deposits.
Key operational highlights include completion of the Los Angeles installation ahead of September 2025 launch, progress on Portugal's first MW-scale wave energy plant, strategic partnerships with BPCL in India and I-Ke in Taiwan, and joining the €2.45 million EU-funded Atlantic Wave Energy Initiative.
Eco Wave Power (NASDAQ: WAVE) has completed the installation of its first U.S. wave energy pilot project at the Port of Los Angeles. The installation includes wave energy floaters, hydraulic pipes, supporting infrastructure, and an onshore energy conversion unit.
The non-grid-connected demonstration station will begin operational testing ahead of its official unveiling ceremony on September 9, 2025. The project aims to demonstrate the company's technology in U.S. marine conditions, facilitate environmental monitoring, and serve as a learning hub for stakeholders.
Local partners include All-Ways Metal for floater fabrication and C&S Welding Inc. for installation work. While this project focuses on demonstration, Eco Wave Power continues operations at its grid-connected site in Israel and plans expansion to Taiwan, India, and Portugal.
Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone by installing its energy conversion unit (ECU) at the Port of Los Angeles, marking a crucial step toward its first U.S. wave energy pilot project. The ECU, positioned onshore, converts ocean wave motion into clean electricity through hydraulic cylinders.
The pilot project, set for official unveiling on September 9, 2025, aims to demonstrate environmental monitoring, serve as an educational platform, and establish groundwork for larger grid-connected projects. The installation involves partnerships with local contractors C&S Welding Inc. and All-Ways Metal, with support from Shell's Marine Renewable Program and AltaSea.
The company's modular, low-impact system requires no seabed drilling or marine construction, complementing its existing operations in Israel and planned deployments in Taiwan, India, and Portugal.
Eco Wave Power (NASDAQ: WAVE) has completed the installation of floaters for its first U.S. wave energy pilot project at the Port of Los Angeles, ahead of its official unveiling on September 9, 2025. The demonstration project, supported by Shell's Marine Renewable Program and hosted by AltaSea, will convert wave motion into clean electricity using the company's patented technology.
The project involves collaboration with local contractors including All-Ways Metal and C&S Welding Inc. Key objectives include environmental impact studies, material testing, and gaining experience with U.S. licensing processes. The technology features a modular design that leverages existing coastal infrastructure, with floaters mounted on marine structures connected to a land-based conversion unit.
Eco Wave Power (NASDAQ: WAVE) has signed an agreement with Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa. This marks the company's strategic entry into the African market, targeting a region where over 80% of electricity comes from coal-fired plants.
The project leverages South Africa's 2,800 kilometers of coastline and aims to address the country's persistent power shortages. The Port of Ngqura's location and infrastructure make it technically suitable for wave energy implementation. This initiative adds to Eco Wave Power's global portfolio, which includes projects in Israel, the U.S. (launching September 2025), Portugal, Taiwan, and India.
Eco Wave Power (NASDAQ: WAVE) has partnered with C&S Welding Inc. for the installation of wave energy floaters and energy conversion unit at the Port of Los Angeles, marking the final step before deployment of its first U.S. onshore wave energy project.
The project has achieved several milestones: floater fabrication by All-Ways Metal is complete, with full assembly expected within a week. The initiative is hosted by AltaSea at the Port of LA, with co-investment from Shell's Marine Renewable Program. C&S Welding, a certified Small Business Enterprise with industry-leading certifications and zero lost-time accidents, will handle the installation phase.
Eco Wave Power (NASDAQ: WAVE) has elected Hilary E. Ackermann to its Board of Directors following approval at the company's AGM. Ackermann, previously on the company's Advisory Board, brings extensive experience in energy sustainability, corporate governance, and risk management.
The appointment comes strategically ahead of the official opening of Eco Wave Power's first U.S. wave energy project at the Port of Los Angeles, developed with Shell and AltaSea. Ackermann currently serves on Vistra Energy's Board, chairing its Sustainability and Risk Committee, and brings over three decades of experience from roles at Goldman Sachs and UBS.