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

On April 21, 2023, Eco Wave Power Global AB (Nasdaq: WAVE) hosted former California Governor Arnold Schwarzenegger at its power station located at AltaSea in the Port of Los Angeles. This power station is regarded as the first-ever onshore wave energy installation in the U.S. and is set to become fully operational soon. CEO Inna Braverman showcased the company's innovative technology which converts ocean waves into renewable energy. They discussed the significant wave energy potential in California, which can potentially power 13 million homes. The visit coincided with Eco Wave Power's recent announcement of launching a U.S.-based subsidiary and plans to expand operations. The company currently has a 407.7 MW pipeline of projects worldwide, emphasizing its goal to contribute to sustainable energy solutions.

On April 18, 2023, Eco Wave Power (NASDAQ: WAVE) announced the opening of its first U.S. subsidiary in New York City as part of its strategy to expand within the U.S. renewable energy market. This establishment aims to support Eco Wave's innovative wave energy technology, which has the potential to supply up to 66% of the nation’s energy needs from its extensive coastline. Following its public listing in 2021, the company has garnered legislative support for wave energy initiatives in states like New Jersey and California. Significant federal backing, including $128 billion from the Inflation Reduction Act, further positions Eco Wave to capitalize on this growing sector. Currently, the company is advancing a project pipeline of 404.7 MW globally.

Eco Wave Power Global AB (NASDAQ: WAVE) has signed a Power Purchase Agreement with the Israeli National Electric Company for its EWP-EDF One Project in Tel Aviv. This landmark deal allows for the first wave-generated electricity to be connected to Israel's national grid, marking a significant milestone in renewable energy in the country.

Following a successful grid synchronization approval, the IEC will conduct its own tests before final connection. Eco Wave Power is also expanding operations in the U.S. and holds agreements for installations in Europe, totaling a project pipeline of 404.7 MW.

Eco Wave Power Global AB (WAVE) supports California Senate Bill 605, introduced on February 15, 2023, focusing on wave and tidal energy to help meet the state's clean energy goals. The bill mandates a feasibility study and a strategic plan for deploying these technologies. Wave energy is noted as the third largest renewable energy source, capable of providing significant economic and environmental benefits. This initiative follows similar legislation in New Jersey. Eco Wave Power has been advancing wave energy technology with installations in Israel and Gibraltar, with a pilot project underway at the Port of Los Angeles.

Eco Wave Power (WAVE) announces that its CEO, Inna Braverman, will speak at the Jerusalem Post's Women Leaders Summit on February 22, 2023, in Tel Aviv. The event aims to highlight influential women in various sectors including business and technology. Braverman will discuss her journey in founding Eco Wave Power and the challenges of leading a sustainable energy company. The panel will also feature notable leaders like Gila Gamliel and Hadas Gold. Eco Wave Power is focused on converting wave energy into electricity and currently has projects including a grid-connected venture in Israel.

On January 12, 2023, Eco Wave Power (WAVE) introduced its innovative wave energy technology at the Port of Los Angeles, marking the first onshore wave energy station in the U.S. The event featured key speakers including CEO Inna Braverman, who highlighted the importance of fostering innovation to combat climate change. Eco Wave Power aims to integrate wave energy into the U.S. renewable energy mix, potentially supplying up to 66% of national energy needs. The company is also finalizing a project in Israel and has a pipeline of 404.7 MW for future developments. The initiative aligns with efforts to enhance the blue economy and transition to renewable energy sources.

Eco Wave Power Global AB (WAVE) has achieved a significant milestone as its first wave energy-generating system has arrived at AltaSea in Los Angeles. This is Eco Wave's first U.S. deployment for its wave energy technology, previously located in Gibraltar. With a project pipeline totaling 404.7 MW, this collaboration aligns with U.S. efforts to enhance renewable energy, particularly following the $369 billion investment from the Inflation Reduction Act of 2022. The energy conversion unit will be installed as a pilot station in the coming months, showcasing Eco Wave's commitment to sustainable energy solutions.

Eco Wave Power Global AB (Nasdaq: WAVE) announced a landmark agreement with OREN Ordu Enerji for a potential $150 million wave energy project in Ordu, Turkey, which will be the world's largest onshore wave power station at 77 megawatts. This project marks a significant milestone as Turkey's first grid-connected wave energy facility. The construction is planned to occur in stages, beginning with a 4 MW pilot station, pending feasibility studies and necessary permits. The deal fosters stronger Turkish-Israeli relations.