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), 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) reported its Q1 2025 results, highlighting significant global expansion and project milestones. The company reduced net loss by 4.2% compared to Q1 2024 and maintained $8.8 million in cash. Key developments include:
In the United States, WAVE secured final permits for its Port of Los Angeles project and began floater construction with local manufacturer All-Ways Metal. In Portugal, the company submitted final execution plans for its first MW-scale project. The company expanded into Asia through partnerships with India's Bharat Petroleum Corporation Limited for a Mumbai pilot project and Taiwan's I-Ke International for a 100KW installation.
The EWP-EDF One project in Israel demonstrated strong performance with zero downtime and 13% average power output of installed capacity, peaking at 40Kw. Operating expenses were $765,000, up by $106,000 from 2024, with increased investments in R&D, sales, and administration to support global expansion.
Eco Wave Power (NASDAQ: WAVE) has signed a manufacturing agreement with All-Ways Metal, Inc., a California-based woman-owned business, to produce floaters for its first U.S. wave energy project at the Port of Los Angeles. The floaters, a key component of Eco Wave Power's wave energy conversion technology, will be delivered within 70 days and installed at Municipal Pier One.
The project, co-developed with Shell Marine Renewable Energy (Shell MRE), has received final licensing approval from the Port of Los Angeles and federal permit from the U.S. Army Corps of Engineers in November 2024. This proof-of-concept installation represents a significant milestone in combining public and private investment in renewable energy infrastructure.
The initiative is being executed under a Pilot Test Agreement with Shell MRE and aims to serve as a scalable model for future wave energy deployments along the U.S. coastline and globally. The local manufacturing approach is expected to accelerate project timelines and support local job creation.
Eco Wave Power (NASDAQ: WAVE) has secured the final permit (Revocable Permit 25-05) from the Port of Los Angeles for its wave energy project at Berth 70 in San Pedro, California. The permit, approved on March 27, 2025, follows a federal Nationwide Permit from the U.S. Army Corps of Engineers received in November 2024.
The pilot project, co-funded by Shell Marine Renewable Energy, will utilize approximately 10,396 square feet of land and 2,016 square feet of water area. The installation will include up to eight wave energy floaters on existing concrete wharf piles, connected to an energy conversion unit housed in two 20-foot shipping containers.
The project, developed in partnership with AltaSea, is expected to be completed within 2-3 months, by the end of Q2 2025. According to the U.S. Department of Energy's National Renewable Energy Laboratory, wave energy has the potential to generate over 1,400 terawatt-hours annually, enough to power approximately 130 million homes.
Eco Wave Power (NASDAQ: WAVE) has appointed Hilary E. Ackermann to its newly established Advisory Board. Ackermann brings over three decades of experience in energy and financial sectors, currently serving on Vistra Energy's Board of Directors as Chair of the Sustainability and Risk Committee.
Ackermann's extensive background includes roles as Chief Risk Officer at Goldman Sachs Bank USA (2008-2011) and positions at Swiss Bank She has served on multiple boards, including Credit Suisse Holdings (USA) and Apollo Investment Her expertise spans energy sustainability, risk management, and corporate governance.
The appointment strengthens Eco Wave Power's leadership team in its mission to commercialize wave energy technology. The advisory role is non-governance in nature and aims to provide strategic guidance for the company's expansion in the renewable energy landscape.
Eco Wave Power (NASDAQ: WAVE) reported significant financial and operational progress for 2024, including a 30% reduction in net cash used for operations, 7% decrease in operating expenses, and 11% increase in cash position to $9.3 million. The company recorded its first revenues of $168,000 from wave energy projects, with total revenues reaching $393,000.
Key operational highlights include: the EWP-EDF One Jaffa Port project becoming Israel's first wave energy project supplying to the national grid, achieving 78% operational uptime; securing final federal permit for the Port of Los Angeles project set to commence in Q1 2025; advancing a megawatt-scale project in Portugal; and expanding into Taiwan with first wave energy project sale agreement.
The company also signed an MOU with Bharat Petroleum for wave energy development in India, raised $3 million through a registered direct offering, and implemented an ADS repurchase program. The Jaffa Port system demonstrated improved efficiency, achieving up to 40% of energy production goals in waves above 0.7 meters.