Eco Wave Power Global Ab (Publ) Stock Price, News & Analysis

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.

Eco Wave Power (NASDAQ: WAVE) has completed the production of floaters for its pioneering U.S. wave energy project at the Port of Los Angeles. The project, set for deployment in July 2025, represents the first-ever onshore wave energy pilot station in the United States.

The floaters were manufactured by All-Ways Metal, a California-based woman-owned metal fabrication company. The system will be installed on a pre-existing jetty structure, where wave motion will be converted into clean electricity using Eco Wave Power's patented onshore conversion unit. The project is supported by Shell's Marine Renewable Program and demonstrates the company's commitment to local sourcing and U.S. job creation.

Eco Wave Power (NASDAQ: WAVE) has secured participation in a €2.45 million transnational project called the Atlantic Wave Energy Sustainable Deployment Initiative (AWESDI), funded under the Interreg Atlantic Area Programme. The project aims to advance sustainable wave energy deployment in Atlantic coastal regions.

As part of an international consortium led by the University of Vigo's Centro de Investigación Mariña, Eco Wave Power will contribute to feasibility studies in Portugal, provide operational insights, validate the Sustainable Design Toolkit, and help develop the Wave Energy Deployment Roadmap. The consortium includes 12 partners from Portugal, Spain, France, and Ireland, combining research institutions, private sector leaders, and government organizations.

The project is part of a larger €55 million funding initiative by the Interreg Atlantic Area 2021-2027 programme, which approved 24 cooperation projects focusing on blue innovation, environmental sustainability, and tourism.

Eco Wave Power (NASDAQ: WAVE), a leading onshore wave energy technology company, has received shareholder approval to continue its American Depositary Shares (ADSs) repurchase program at its 2025 Annual General Meeting. The authorization allows the company to repurchase up to 10% of its total outstanding shares through the Nasdaq Capital Market until the 2026 AGM.

The buyback program includes specific conditions: purchases must be made on regulated markets at prices within the day's trading range, and all transactions require cash payment. The company will continue working with a designated bank to manage the buyback activities, though the authorization does not obligate Eco Wave Power to repurchase any shares.

Eco Wave Power (NASDAQ: WAVE) has announced the official launch date for the first-ever U.S. onshore wave energy pilot project at the Port of Los Angeles, set for September 9, 2025. The project, developed in partnership with AltaSea, represents a significant milestone in renewable energy innovation.

The installation will convert wave motion into clean electricity using floaters attached to existing marine infrastructure, with land-based conversion units. The project has already achieved progress with three floaters completed and entering final preparation phases at All-Ways Metal, a California-based fabricator. The initiative is supported by Shell's Marine Renewable Program and emphasizes local manufacturing and U.S. job creation.

Eco Wave Power (NASDAQ: WAVE) has reached a significant milestone in developing its first U.S. pilot project at the Port of Los Angeles. The company confirmed the production of three wave energy floaters at All-Ways Metal, with all floaters expected to be completed by June 2025 and installation planned for July 2025. This project represents the first-ever onshore wave energy installation in the United States, serving as a proof-of-concept for integrating wave power into U.S. ports and coastal infrastructure. The technology, backed by Shell's Marine Renewable Program, will convert wave motion into clean electricity using floaters attached to existing structures, with conversion happening in a land-based unit. The project, hosted by AltaSea at the Port of Los Angeles, demonstrates Eco Wave Power's commitment to local sourcing and U.S. job creation while marking a crucial step in the company's U.S. market entry strategy.

Eco Wave Power Global AB (NASDAQ: WAVE) has announced its Annual General Meeting scheduled for June 30, 2025, at 10:00 a.m. CEST in Stockholm. Key proposals include: changes to share capital limits (new range: SEK 935,000 to SEK 3,740,000), modification of share structure to include Series A shares with 10 votes per share, and authorization for board to issue new shares and repurchase up to 10% of company shares. The meeting will address crucial matters including adoption of 2024 financial statements, board elections, and implementation of Long-term Incentive Programs 2025/2035 for key executives. Shareholders must register by June 24, 2025, and be recorded in the shareholder register by June 19, 2025, to participate.

Eco Wave Power (NASDAQ: WAVE) has achieved a significant milestone in its 1MW wave energy project in Porto, Portugal by paying 50% of the grid connection fee to E-REDES. The company has accepted the connection conditions for the UPP/5089 power plant, with grid connection targeted for 2026. This project is part of a larger 20MW concession agreement with APDL. The installation will be housed in "The Gallery," an underwater tunnel that will also serve as the world's first underwater wave energy museum. Recent progress includes infrastructure upgrades, appointment of Juan José Gómez as Power Station Manager, and partnership with MOQ Engineering for final design work. The project aligns with Portugal's renewable energy goals, targeting 85% renewable electricity by 2030, up from 61% in 2023.