Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
On November 2, 2026, Eco Wave
Power Global AB (publ) (the “Company”) issued a press release titled “Eco Wave Power Completes First Phase of AI-Powered
Digital Twin, Advancing Intelligent Wave Energy and Future AI Data Center Applications” a copy of which is furnished as Exhibit
99.1 with this Report of Foreign Private Issuer on Form 6-K.
The first through fourth paragraphs,
the eighth through eleventh paragraphs, the thirteenth paragraph, paragraphs, and the section titled “Forward-Looking Statements,”
in the press release included as Exhibit 99.1 hereto are incorporated by reference into the Company’s Registration Statements on
Form F-3 (Registration Nos. 333-275728
and 333-282101) filed with the
Securities and Exchange Commission to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted,
to the extent not superseded by documents or reports subsequently filed or furnished.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
Eco Wave Power Completes First Phase of AI-Powered
Digital Twin, Advancing Intelligent Wave Energy and Future AI Data Center Applications
Milestone establishes digital foundation for
predictive wave energy systems; both Eco Wave Power U.S. and AI engineering are NVIDIA Inception members, while NVIDIA Networking has
issued a support letter for the Company’s AI and Digital Twin development initiative
Tel Aviv, Israel – November 2, 2026
– Eco Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading onshore
wave energy technology company, today announced the successful completion of the first phase of its AI-powered Digital Twin development
program with Germany-based AI engineering GmbH.
The milestone represents an important step in
Eco Wave Power’s strategy to make wave energy increasingly intelligent, predictive and scalable.
Phase 1 created a physics-based digital model
of how ocean waves interact with Eco Wave Power’s proprietary floaters. The work included simulations of wave loading, floater movement,
structural forces and potential energy generation under varying sea conditions, together with initial machine-learning capabilities for
energy and load forecasting.
Importantly, the project also evaluated how the
model can be adapted to future sites with different wave conditions — potentially enabling Eco Wave Power to transfer knowledge
and engineering insights from one project to the next as it expands globally.
“We are building the digital intelligence
around our physical technology,” said Inna Braverman, Founder and CEO of Eco Wave Power.
“Our technology already converts ocean waves
into clean electricity. By combining it with Digital Twins and AI, our goal is to increasingly predict system performance, optimize our
technology before deployment and learn faster from every project we build.”
“We believe this can help us improve engineering
decisions, accelerate deployment and ultimately create increasingly intelligent wave energy systems as we move toward larger commercial
installations.”
NVIDIA: Connecting AI, Energy and Digital Twins
Both Eco Wave Power U.S. and AI engineering
GmbH are members of the NVIDIA Inception program, connecting the collaboration to NVIDIA’s ecosystem of AI, accelerated computing
and Digital Twin technologies.
As part of the Digital Twin initiative, the companies
are utilizing and evaluating NVIDIA Omniverse for Digital Twin visualization and simulation workflows, NVIDIA Warp within
the simulation and modeling toolchain, and NVIDIA-accelerated computing infrastructure to support high-fidelity simulation and
machine-learning development.
Eco Wave Power’s technology was also featured
twice during 2026 in keynote presentations by NVIDIA Founder and CEO Jensen Huang.
In June 2026, NVIDIA further highlighted Eco Wave
Power in a dedicated corporate blog titled “Eco Wave Power Turns Waves Into Watts With NVIDIA AI Infrastructure and Digital Twins.”
NVIDIA corporate blog:
https://blogs.nvidia.com/blog/eco-wave-power-ai-digital-twins/
The NVIDIA feature explored how NVIDIA AI infrastructure,
accelerated computing and NVIDIA Omniverse libraries can support Digital Twins of wave energy systems, predictive optimization and,
longer term, energy-aware computing and ocean-powered data centers.
In September 2026, Eco Wave Power received an
additional show of support when NVIDIA Networking (Mellanox Technologies Ltd., a subsidiary of NVIDIA Corporation) provided a formal
letter supporting Eco Wave Power’s proposed “Digital Twin & Energy-Aware Computing” research project submitted
to the Israel Innovation Authority.
In the letter, NVIDIA Networking described Eco
Wave Power’s initiative as “a key opportunity to demonstrate the application of AI, accelerated computing and Digital Twin
technologies to next-generation renewable energy infrastructure” and expressed strong interest in the technology and its development.
NVIDIA Networking further stated that, if the
project receives funding, it intends to assist Eco Wave Power in achieving the project’s mission,
subject to a mutual written agreement between the companies.
AI Engineering: Building the Physics Behind
the Digital Twin
“Wave energy is a particularly challenging
engineering problem because it combines complex free-surface fluid dynamics, structural motion, and highly variable environmental conditions.
Our goal is to create a physics-based digital representation of Eco Wave Power’s system that links high-fidelity simulation with
operational data. This approach allows us to better understand energy capture, structural loading, and system behavior across a wide range
of sea states. Over time, combining these physics models with machine learning can support more accurate forecasting, design optimization,
and scalable deployment of wave energy technology,” said PD Dr.-Ing. habil. Stefan Adami, Co-Founder and General Manager of AI
engineering GmbH.
From Smarter Wave Energy to AI Data Centers
Eco Wave Power believes the Digital Twin can have
applications beyond optimizing wave energy generation.
As AI data centers require increasing amounts
of electricity, Eco Wave Power sees a significant opportunity to supply wave-generated renewable electricity directly to data centers
located in proximity to coastlines.
The Company is currently in discussions with a
number of data-center developers and infrastructure partners regarding the potential supply of wave-generated electricity to coastal
and nearshore data-center facilities.
In parallel, Eco Wave Power is working to develop
technology designed to enable a secure connection between wave-energy generation systems and data-center infrastructure, together
with a secure settlement mechanism intended to support trusted measurement, verification and settlement of the electricity supplied.
The Digital Twin could add another important layer
to this infrastructure by forecasting when wave-energy production is expected to increase or decrease. This information could ultimately
be combined with data-center electricity demand, energy storage and grid availability, enabling computing infrastructure to better coordinate
its energy consumption with renewable-energy availability.
This vision was also highlighted by NVIDIA in
its corporate blog on Eco Wave Power, which discussed using AI to align energy-intensive computing workloads with renewable-energy generation.
“AI can help make wave energy smarter
— and wave energy can help provide the electricity that AI increasingly needs,” Braverman said.
“We believe this is where the opportunity
becomes particularly exciting. We are not only developing the intelligence to predict and optimize wave-energy production; we are also
working on the secure infrastructure needed to connect that electricity directly with the data centers that need it.”
“Our discussions with data-center developers
are an important part of understanding how wave energy can become a practical part of the future energy mix for AI infrastructure, particularly
in coastal locations.”
Next Steps: Toward an Intelligent Wave Energy
System
With Phase 1 completed, Eco Wave Power and AI
engineering have established a roadmap for potential subsequent stages of the Digital Twin.
Phase 2 is expected to expand the model
to Eco Wave Power’s hydraulic and mechanical energy-conversion system.
Phase 3 would connect the Digital Twin
with real-world operational sensors, environmental conditions and actual electricity-generation data.
Phase 4 would introduce a broader machine-learning
operational layer designed to support energy forecasting, system-behavior prediction and increasingly intelligent optimization.
“Phase 1 gave us the digital foundation.
The next stages are about connecting that foundation to our full energy-conversion system, real-world data and ultimately AI-driven operation,”
Braverman concluded.
“Our goal is simple: to make wave energy
smarter, easier to scale and increasingly capable of interacting intelligently and securely with the energy infrastructure of the future.”
About AI engineering GmbH
AI engineering GmbH is a Germany-based engineering
company focused on applied fluid mechanics research and development. Its expertise includes numerical flow simulation, GPU-based high-performance
computing, customized computational-fluid-dynamics solutions and fluid-structure interaction.
The company develops PAMICS, a particle-based
multiphysics simulation framework for complex fluid-flow applications and Digital Twin development. AI engineering is a member of the
NVIDIA Inception program.
About Eco Wave Power Global AB (publ)
Eco Wave Power Global (Nasdaq: WAVE) is a leading
onshore wave energy company that converts ocean and sea waves into clean, reliable and cost-efficient electricity using its patented technology.
The Company installs its systems on existing coastal infrastructure, including breakwaters, jetties and piers, enabling renewable electricity
generation close to coastal cities, ports and energy-intensive infrastructure.
Eco Wave Power developed and operates Israel’s
first grid-connected wave energy power station and launched the first onshore wave energy pilot project in the United States at the Port
of Los Angeles. The Company is also advancing projects in Portugal, Taiwan, India and other markets, with a global project pipeline of
404.7 MW.
Eco Wave Power has received support and recognition
from organizations including the European Union, Innovate UK and the United Nations and is publicly traded on the Nasdaq Capital Market
under the symbol WAVE.
For more information, please visit Eco Wave Power’s
website.
Press inquiries:
info@ecowavepower.com
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. For example, the Company (NASDAQ: WAVE) is using forward-looking statements in this press release when it discusses
the potential future development and benefits of its Digital Twin platform, including potential subsequent phases of the Digital Twin
program with AI engineering GmbH and the future integration of hydraulic and mechanical energy-conversion modeling, real-world operational
data, machine learning and energy forecasting; the potential for the Digital Twin to improve engineering decisions, accelerate deployment
and enhance the scalability and optimization of its technology; the development of technology for secure connection and settlement between
wave-energy generation systems and data-center infrastructure; its discussions with data-center developers and infrastructure partners
and the potential supply of wave-generated electricity to coastal and nearshore data-center facilities; potential applications of wave
energy and the Digital Twin for data centers and AI infrastructure; potential funding for the Digital
Twin & Energy-Aware Computing research project and any assistance NVIDIA Networking may provide in connection with that project, which
remains subject to a mutual written agreement and to change; and the Company’s continued use and evaluation of NVIDIA technologies.
Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,”
“seek,” “believe,” “project,” “estimate,” “expect,” “strategy,”
“future,” “likely,” “may,” “should,” “will”, or variations of such words,
and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances
of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors,
uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power’s control that could
cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release
any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading
“Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with
the SEC on March 12, 2026, which is available on the SEC’s website, www.sec.gov, and other
documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References
and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference
into this press release.
