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 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.
Eco Wave Power (NASDAQ: WAVE) has initiated infrastructure enhancements for its first 1MW wave energy project in Porto, Portugal, scheduled for completion in 2026. The project involves transforming 'The Gallery,' a breakwater tunnel, into a facility housing wave energy conversion equipment and an underwater wave energy museum.
Key infrastructure improvements include sand and debris removal, structural reinforcements, and waterproofing measures. The company has appointed Juan José Gómez as Power Station Manager and partnered with MOQ Engineering for final design and load calculations.
The project aims to support Portugal's renewable energy strategy, targeting 85% renewable electricity generation by 2030, while serving as a model for global expansion.
Eco Wave Power (NASDAQ: WAVE), a leader in onshore wave energy technology, will present at the Centurion One Capital 8th Annual Growth Conference in Toronto from March 3rd to March 6th, 2025. The event will be held at the Four Seasons Hotel in Yorkville.
CEO Inna Braverman will present on March 6th at 2:30 PM EST, highlighting key updates on projects across multiple countries including:
- Israel - Collaboration with EDF Renewables IL
- United States - Partnership with Shell MRE
- Taiwan - Cooperation with I-KE
- Portugal - First MW-scale project
- India - New agreement with Bharat Petroleum for the country's first wave energy project
Braverman will also participate in an "Innovating Ahead" panel discussion at 1:45 PM EST and be available for investor meetings throughout the conference to discuss growth strategy and technological advancements.
Eco Wave Power (NASDAQ: WAVE) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum (BPCL), a Fortune 500 oil and gas company with a $12 billion market cap, to develop wave energy projects in India. The collaboration aims to tap into India's estimated 40,000 MW of untapped wave energy potential along its coastline.
The partnership will begin with a 100 kW pilot project at BPCL's Mumbai Oil Terminals, followed by larger commercial-scale installations nationwide. BPCL will handle regulatory approvals and permits, while Eco Wave Power will provide its wave energy conversion technology and research expertise. This initiative supports BPCL's goal of achieving Net Zero emissions by 2040 and gives Eco Wave Power entry into one of the world's fastest-growing renewable energy markets.
Eco Wave Power (Nasdaq: WAVE) has announced its participation in India Energy Week 2025 from February 11-14, 2025, in New Delhi, where it will showcase its wave energy technology at a major Indian energy 's booth. The company will also sign its first collaboration agreement with a Fortune 500 Indian company for a pilot wave energy project in Maharashtra.
The company will present its wave energy generation model at the exhibition, demonstrating how its patented onshore technology converts ocean waves into electricity. Additionally, CEO Inna Braverman will speak at the 9th Annual Global Business Summit (February 14-15, 2025), a prestigious business forum organized by The Times Group that has previously hosted notable figures like Bill Gates and Ray Dalio.
With India's 7,516 km coastline and over 250 million coastal residents, the company sees significant potential for wave energy integration into India's renewable energy strategy.
Eco Wave Power (NASDAQ: WAVE) has engaged MOQ Engineering to perform final design and load calculations for its wave energy project in Porto, Portugal, targeting a 2026 launch. The project is part of a 20 MW Concession Agreement with APDL and will include an underwater wave energy museum and education centre.
MOQ's work, scheduled for completion by February 2025, focuses on civil engineering design and load calculations for the floaters, important components of the wave energy conversion system. Following MOQ's completion, Eco Wave Power will submit the execution project to APDL for approval before proceeding to floater production.
The project aligns with Portugal's goal to generate 85% of electricity from renewable sources by 2030. The company is also advancing projects in Taiwan and the Port of Los Angeles, with plans to announce additional global initiatives.
Eco Wave Power (NASDAQ: WAVE) announced that its EWP-EDF One wave energy project at Jaffa Port, Israel, achieved continuous operation during the last week of December 2024. The system demonstrated peak production of 26KW with an average wave height of 1.6 meters, operating reliably even during stormy conditions without damage.
The company is expanding globally with several projects: a wave energy installation at AltaSea in the Port of Los Angeles (in collaboration with Shell MRE) expected to begin operations by Q1 2025, which recently received a federal license from the U.S. Army Corps of Engineers; ongoing developments in Taiwan in collaboration with I-KE; and planned deployments in Portugal.
This milestone demonstrates wave energy's potential as a reliable, non-intermittent power source, particularly effective in coastal areas where waves are consistent, offering advantages over other intermittent renewable energy sources.
Eco Wave Power Global AB (NASDAQ: WAVE) announces that its Founder and CEO, Inna Braverman, will speak at Imagination In Action 2025: Architects of the Global Future during the World Economic Forum in Davos, Switzerland on January 22, 2025.
As an Ideas Catalyst, Braverman will deliver a 90-second 'Inspiration Spark' presentation highlighting the company's innovative wave energy technology and commitment to sustainable energy transition. The presentation will be professionally recorded and featured in a mini-documentary on Forbes.com.
The event features notable speakers including DeepMind founder Demis Hassabis, Anthropic CEO Dario Amodei, Meta's Chief AI Scientist Yann LeCun, MIT President Sally Kornbluth, and other distinguished leaders from technology, business, and academia.
Eco Wave Power (NASDAQ: WAVE) has appointed Juan Jose Gomez as Power Station Manager for its Portuguese wave energy project. Juan, who previously managed Eco Wave Power's pilot project in Gibraltar, will oversee the execution, operation, and maintenance activities of the Portuguese initiative. This appointment marks a significant step in the company's global expansion strategy and commitment to Portugal's renewable energy goals.
Juan's responsibilities will include optimizing efficiency, ensuring regulatory compliance, and managing collaboration with local partners and subcontractors. His prior experience with the company's technology and proven track record in project execution positions him as a strategic choice for advancing this initiative.