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 (NASDAQ: WAVE) pioneers onshore wave energy conversion technology that transforms ocean movements into renewable electricity. This news hub provides investors and industry stakeholders with timely updates on technological advancements, global project developments, and strategic partnerships driving the clean energy transition.
Access comprehensive coverage of WAVE's operational milestones, including new installations in Portugal and Taiwan, collaborations with energy leaders like EDF Renewables, and engineering breakthroughs in marine energy conversion. Our curated news collection delivers verified updates on earnings reports, regulatory approvals, and infrastructure expansions without speculative commentary.
Key content areas include project commissioning updates, patent filings for wave converter systems, partnership announcements with maritime engineering firms, and participation in international renewable energy forums. Bookmark this page for direct access to original press releases and objective analysis of WAVE's role in advancing sustainable power generation.
Eco Wave Power Global reported a revenue decline to $26,000 for the nine months ending September 30, 2022, down from $31,000 year-on-year. Operating expenses rose 32% to $2.8 million, with R&D costs increasing to $755,000 due to a $278,000 loss from the Gibraltar project relocation. The company is advancing projects in Israel and the U.S., including its EWP-EDF One project, nearing completion, and a pilot at AltaSea in L.A. Cash reserves decreased to $10.8 million, compared to $14.6 million at the end of 2021.
Eco Wave Power Global AB (WAVE) announced that its CEO, Inna Braverman, will deliver a keynote address at the WIRED Impact Conference in London on November 2, 2022. The event, focused on sustainability and ESG, will showcase Eco Wave Power's innovative wave energy technology and projects in Europe and the U.S. Braverman, recognized by WIRED Magazine and the United Nations for her contributions, expressed excitement about discussing the potential of wave energy for sustainable power. The company is advancing its grid-connected project in Israel and has a project pipeline of 327.7 MW.
Eco Wave Power Global AB (NASDAQ: WAVE) is advancing its wave energy projects, gearing up for its first project launch in Israel and pilot deployment at the Port of Los Angeles. The company has a project pipeline of 327.7 MW and is pursuing new initiatives in California and New Jersey. Financially, revenues for the first half of 2022 decreased to $26,000, while operating expenses rose to $2.1 million, leading to a net loss of $1.4 million. Positive developments include new agreements in Europe and progress in renewable energy legislation in New Jersey.
On September 22, 2022, New Jersey's Assembly Committee unanimously advanced the Wave Energy Bill initiated by Assemblyman Robert Karabinchak and sponsored by Senator Andrew Zwicker. This legislation aims to explore wave energy deployment in New Jersey, encouraging public-private partnerships and financial incentives. The bill is set to be introduced to the Senate by September 29. Governor Phil Murphy allocated $500,000 for a pilot wave energy project, positioning New Jersey as a potential leader in marine energy.
Eco Wave Power Global AB (WAVE) will release its financial results for the first half of 2022 on September 27, 2022, after Nasdaq market close. A conference call hosted by CEO Inna Braverman is scheduled for September 28, 2022, at 9 a.m. ET. Participants can join via dial-in or webcast. The company is focused on wave energy technology and is finalizing a project in Israel with a 327.7MW project pipeline. Eco Wave Power aims to combat climate change by converting ocean waves into energy.
Eco Wave Power Global AB (Nasdaq: WAVE) announced that founder and CEO Inna Braverman will speak at the University of Haifa's Art and Science reception on September 15, 2022, at 6 PM NYC time. The event, hosted by philanthropist Tzili Charney, will feature remarks from dignitaries including Ambassador Asaf Zamir and Tel Aviv Mayor Ron Huldai. Braverman, who recently received an honorary fellowship from the university, will also attend the CODE Conference in Los Angeles and Calcalist's Mind the Tech NY Conference later in September.
Eco Wave Power Global AB (WAVE) announced that CEO Inna Braverman will speak at Calcalist's Mind the Tech NY Conference on September 14-15, 2022, in New York City. This event unites top tech leaders from Israel and the U.S. for critical discussions. Braverman will participate in an exclusive Women Entrepreneurship Roundtable, sharing insights from her journey with Eco Wave Power. The company is known for its innovative wave energy technology and has significant projects in its pipeline, including a grid-connected project in Israel.
Eco Wave Power, listed on Nasdaq as WAVE, announced that CEO Inna Braverman will speak at the prestigious Code Conference from September 6-8, 2022, in Los Angeles. This conference attracts top leaders in tech and sustainability, including Amazon's Andy Jassy and Apple's Tim Cook. Braverman will participate in a panel focused on climate technology, sharing insights on harnessing wave energy, which could potentially generate 66% of U.S. electricity. The company is advancing with projects in Israel and Los Angeles, aiming to combat climate change through innovative wave energy solutions.
Eco Wave Power Global AB (WAVE) announced a Feed-in Tariff (FIT) established by the Israeli Electric Authority for its EWP-EDF One Project at the Port of Jaffa. This marks Israel's first-ever wave-generated electricity connecting to the national grid. The project is co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as pioneering. Additionally, Eco Wave will begin installing its wave energy technology at AltaSea in Los Angeles and holds agreements for projects in Spain and Portugal, growing its project pipeline to 327.7 MW.
The annual general meeting of Eco Wave Power Global AB was held on June 30, 2022, where several resolutions were passed. Key decisions included adopting the 2021 profit and loss statement without dividend distribution, re-electing board members, and approving SEK 900,000 in board fees. Two authorizations for capital increases were granted in light of potential takeover bids. Also, changes were made to warrant terms, extending their exercise period to 2032 and 2027. The meeting emphasized Eco Wave Power's commitment to green energy and its ongoing initiatives.
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