The first through fourth
paragraphs, seventh paragraph, ninth through eleventh paragraphs, and thirteenth paragraph, and the section titled
“Forward-Looking Statements” in the press release attached as Exhibit 99.1 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is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
Exhibit 99.1
Eco Wave Power Reports March 2026 Production
Results at Jaffa Port, Highlighting Potential to Power Coastal AI Infrastructure
Tel Aviv, Israel – (April 7, 2026) –
Eco Wave Power Global AB (NASDAQ: WAVE) (“Eco Wave Power” or the “Company”), a global leader in onshore wave energy
technology, today announced its wave energy production results for March 2026 at its EWP-EDF One pilot project located at Jaffa Port,
Israel.
During March 2026, the system operated continuously,
with approximately six days experiencing moderate wave conditions in the range of 1 to 2 meters. During these days, the project generated
more than 1,200 kWh of clean, renewable electricity.
The March results are particularly notable as
they reflect energy generation achieved during a limited number of operational days with moderate wave conditions, demonstrating the system’s
ability to efficiently convert commonly occurring sea states into electricity.
Since the beginning of 2025, the EWP-EDF One system
at Jaffa Port has maintained zero downtime, with stable operation recorded in wave conditions of 1 meter and above. The March performance
further validates the resilience, safety mechanisms, and production scalability of Eco Wave Power’s proprietary onshore wave energy
technology.
The ability to generate electricity under moderate
and frequently occurring wave conditions also highlights the potential role of wave energy as a reliable power source for coastal infrastructure,
including data centers.
As global demand for artificial intelligence infrastructure
continues to accelerate, energy is increasingly emerging as a key constraint on growth. In a recent blog published ahead of NVIDIA’s
GTC conference, Jensen Huang, CEO of NVIDIA, described AI as a “five-layer cake,” with energy forming its foundation. Every
unit of intelligence generated in real time is ultimately dependent on continuous electricity supply, as computation, cooling, and data
processing all require significant power.
Following this publication, Eco Wave Power’s
technology was also featured during NVIDIA GTC in the keynote presentation delivered by Jensen Huang, further highlighting the growing
relevance of innovative renewable energy solutions within the AI ecosystem.
As AI models become more advanced and widely deployed,
the limiting factor is no longer only algorithms or hardware, but increasingly the availability of scalable and reliable energy sources.
The growing adoption of open-source models is further accelerating demand for energy across the entire AI infrastructure stack.
In this context, Eco Wave Power’s ability
to generate clean electricity from moderate and predictable wave conditions near shorelines positions its technology as a logical and
extremely relevant solution for powering coastal data centers and supporting the next generation of AI infrastructure.
The EWP-EDF One installation at Jaffa Port is
a pilot-scale demonstration array, consisting of a limited number of small-scale floaters, designed primarily to validate system durability,
grid integration, and real-world production performance under varying marine conditions.
Future commercial deployments are expected to
utilize significantly larger floaters and a substantially greater number of units, which are anticipated to materially enhance energy
capture and increase overall capacity factors compared to pilot-scale installations.
“March continued to demonstrate the consistency
and efficiency of our system, even during a limited number of operational days under moderate wave conditions,” said Inna Braverman,
CEO and Founder of Eco Wave Power. “The ability to generate meaningful electricity from common sea states strengthens our belief
that wave energy can play an important role in supporting energy demand from rapidly growing sectors such as AI and data centers.”
Eco Wave Power continues to systematically collect
and analyze real-world operational data at Jaffa Port to optimize system performance and support its global project pipeline.
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
and intelligent technology. By generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties,
and piers, Eco Wave Power enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive
infrastructure.
As global electricity demand continues to rise
with the growth of artificial intelligence, digital infrastructure, and next-generation data centers, Eco Wave Power’s technology
is designed to help provide renewable energy near shorelines where many data centers, industrial facilities, and population centers are
located.
With a mission to accelerate the global transition
to renewable energy while supporting the next generation of digital and industrial infrastructure, Eco Wave Power developed and operates
Israel’s first grid-connected wave energy power station, recognized as a “Pioneering Technology” by the Israeli Ministry
of Energy and co-funded by EDF Power Solutions. In the United States, the Company recently launched the first-ever onshore wave energy
pilot station at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy.
Eco Wave Power is expanding globally with projects
planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. The Company has received international recognition
and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and
was honored with the United Nations Global Climate Action Award.
Eco Wave Power’s American Depositary Shares
(ADSs) are traded on the Nasdaq Capital Market under the ticker symbol “WAVE.”
For more information, please visit:
www.ecowavepower.com
Press inquiries:
info@ecowavepower.com
Note: Information available on or through the
websites mentioned herein does not form part of this press release.
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 is using forward-looking statements in this press release when
it discusses that Future commercial deployments are expected to utilize significantly larger floaters and a substantially greater number
of units, which are anticipated to materially enhance energy capture and increase overall capacity factors compared to pilot-scale installations,
and the belief that wave energy can play an important role in supporting energy demand from rapidly growing sectors such as AI and data
centers. 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 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.