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Eco Wave Power (Nasdaq: WAVE) hails NIS 6m Israeli Blue-Tech energy plan

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Form Type
6-K

Rhea-AI Filing Summary

Eco Wave Power Global AB reports that Israel’s Ministry of Energy and Infrastructure and the Israel Innovation Authority launched a joint Blue-Tech Energy initiative to invest NIS 6 million (approximately $2 million USD) in next-generation marine renewable technologies, including wave energy and AI-powered marine energy management.

The company operates Israel’s first grid-connected wave energy power station at Jaffa Port, exporting power to the national grid under a Power Purchase Agreement and maintaining zero downtime since the beginning of 2025. Eco Wave Power is integrating artificial intelligence and digital twin technologies into its systems and notes international momentum, including reference to its Port of Los Angeles pilot in California’s Final SB 605 Consultant Report and a global project pipeline of 404.7 MW.

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Filing Explained

On July 21, Eco Wave Power furnished a Form 6-K whose specified press-release paragraphs were incorporated into two existing Form F-3 registration statements; this adds the disclosure to those registration documents but does not itself report a securities sale or issuance.

Blue-Tech initiative funding NIS 6 million Investment announced by Israel’s Ministry of Energy and Infrastructure and the Israel Innovation Authority
Blue-Tech funding USD equivalent approximately $2 million USD Approximate USD value of the NIS 6 million Blue-Tech investment
Wave energy project pipeline 404.7 MW Capacity of Eco Wave Power’s planned projects in Portugal, Taiwan and India
Fiscal year-end referenced December 31, 2025 Year-end for the Form 20-F cited in the risk factor reference
Form 20-F filing date March 12, 2026 Date Eco Wave Power filed its Annual Report on Form 20-F
Blue-Tech energy technologies technical
"to invest NIS 6 million ... in advancing next-generation Blue-Tech energy technologies"
Power Purchase Agreement financial
"exports clean electricity directly into Israel’s national grid under a Power Purchase Agreement"
A power purchase agreement (PPA) is a long-term contract in which a buyer agrees to purchase electricity from a generator at an agreed price and schedule, similar to a multi-year subscription for power or a long-term lease of an energy source. Investors care because PPAs provide predictable revenue and cash flow for the generator, reduce market-price exposure, and shift credit and performance risk to the buyer, all of which affect valuation, financing and perceived investment stability.
digital twin technologies technical
"continues to integrate artificial intelligence and digital twin technologies into its wave energy systems"
A digital twin is a live virtual replica of a physical asset, system, or process created by linking sensors, historical data and computer models so the digital copy mirrors real-world behavior in near real time. It matters to investors because it lets companies test changes, predict failures, optimize performance and estimate costs without disrupting actual operations—like using a flight simulator to try different routes and spot problems before they happen, which affects expected returns, maintenance spending and business risk.
Forward-looking statements regulatory
"Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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FAQ

What Israeli Blue-Tech initiative involving Eco Wave Power (WAVE) was announced?
Israel’s Ministry of Energy and Infrastructure and the Israel Innovation Authority announced a NIS 6 million (approximately $2 million USD) Blue-Tech Energy initiative. It targets marine renewable technologies, including wave energy, offshore systems and AI-powered marine energy management, which align with Eco Wave Power’s technology focus.

How is Eco Wave Power (WAVE) currently contributing to wave energy in Israel?
Eco Wave Power operates Israel’s first and only grid-connected wave energy power station at Jaffa Port. The project exports electricity into Israel’s national grid under a Power Purchase Agreement and has maintained zero downtime since the beginning of 2025, serving as a real-world demonstration site.

What global project pipeline does Eco Wave Power (WAVE) report?
Eco Wave Power reports a global wave energy project pipeline of 404.7 MW. Planned projects are located in Portugal, Taiwan and India, positioning the company’s onshore wave technology as a scalable nearshore renewable solution to support growing electricity demand from digital and industrial infrastructure.

How does Eco Wave Power (WAVE) use artificial intelligence in its systems?
Eco Wave Power is integrating artificial intelligence and digital twin technologies into its wave energy systems. These tools aim to optimize energy production, enable predictive maintenance and support future integration of marine renewable energy with AI-driven infrastructure for resilient coastal energy solutions.

What international recognition has Eco Wave Power (WAVE) received?
Eco Wave Power has been honored with the United Nations Global Climate Action Award and support from the EU Regional Development Fund, Innovate UK and EU Horizon 2020. Its Port of Los Angeles pilot was referenced in California’s Final SB 605 Consultant Report on marine renewable energy commercialization.

Where can investors find Eco Wave Power (WAVE) risk disclosures?
Risk factors for Eco Wave Power are detailed under “Risk Factors” in its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed on March 12, 2026. That report and other SEC submissions are available on the SEC’s website, www.sec.gov.

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of July 2026

 

Commission File Number

001-40554

 

Eco Wave Power Global AB (publ)

(Translation of registrant’s name into English)

 

52 Derech Menachem Begin St.

Tel Aviv - Yafo, Israel 6713701

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

CONTENTS

 

On July 21, 2026, Eco Wave Power Global AB (publ) (the “Company”) issued a press release titled “Eco Wave Power Welcomes New Israeli Government Blue-Tech Energy Initiative to Advance Marine Renewable Energy Innovation” a copy of which is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.

 

The first paragraph, the third and fourth paragraphs, and the eighth, ninth, and fourteenth 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.

 

EXHIBIT INDEX

 

Exhibit No.    
99.1   Press release issued by Eco Wave Power Global AB (publ), dated July 21, 2026, titled “Eco Wave Power Welcomes New Israeli Government Blue-Tech Energy Initiative to Advance Marine Renewable Energy Innovation”

 

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SIGNATURES

 

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.

 

  Eco Wave Power Global AB (publ)
   
  By: /s/ Aharon Yehuda
    Aharon Yehuda
    Chief Financial Officer
     
Date: July 21, 2026    

 

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Exhibit 99.1

 

Eco Wave Power Welcomes New Israeli Government Blue-Tech Energy Initiative to Advance Marine Renewable Energy Innovation

 

Tel Aviv, Israel – July 21, 2026 – Eco Wave Power Global AB (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading developer of onshore wave energy technology, today welcomed the joint initiative announced by Israel’s Ministry of Energy and Infrastructure and the Israel Innovation Authority to invest NIS 6 million (approximately $2 million USD) in advancing next-generation Blue-Tech energy technologies. The new program is designed to support breakthrough marine renewable energy solutions, including wave energy generation, offshore energy systems, artificial intelligence-powered marine energy management, and related technologies.

 

The Company commends the Ministry of Energy and Infrastructure and the Israel Innovation Authority for recognizing the strategic importance of marine renewable energy and for taking meaningful steps to strengthen Israel’s leadership in Blue-Tech innovation.

 

Eco Wave Power currently operates Israel’s first—and to date only—grid-connected wave energy power station, located at Jaffa Port. The project exports clean electricity directly into Israel’s national grid under a Power Purchase Agreement with the Israel Electric Corporation and was recognized as a “Pioneering Technology” by the Chief Scientist of the Ministry of Energy.

 

Since the beginning of 2025, the Jaffa Port power station has maintained zero downtime while continuously demonstrating the viability of Eco Wave Power’s onshore wave energy technology, and serves as a real-world demonstration of wave energy’s potential, providing valuable operational data while showcasing how existing coastal infrastructure can be transformed into clean energy assets.

 

The Company’s technology also aligns closely with the objectives of the newly announced Blue-Tech program, particularly in the areas of renewable energy generation and intelligent energy management. Eco Wave Power continues to integrate artificial intelligence and digital twin technologies into its wave energy systems to optimize energy production, predictive maintenance, and the future integration of marine renewable energy with AI-driven infrastructure.

 

During the official inauguration of the Jaffa Port power station in December 2024, Israel’s Minister of Energy and Infrastructure, Eli Cohen, stated:

 

“The State of Israel is a global leader in innovation and technology. The facility we inaugurated today, which generates electricity using sea waves, was advanced with the support of the Chief Scientist at the Ministry of Energy and is the first of its kind in Israel. This is another step we are taking to increase energy production from renewable sources, reduce air pollution for the benefit of Israeli citizens’ health, and enhance the country’s energy security. We will continue to invest in groundbreaking innovation!”

 

 

 

The announcement of Israel’s new Blue-Tech Energy program follows another important milestone for Eco Wave Power and the global wave energy sector. Earlier this month, Eco Wave Power highlighted its inclusion in California’s Final SB 605 Consultant Report, which specifically referenced the Company’s Port of Los Angeles wave energy pilot project as part of California’s statewide assessment of existing marine renewable energy developments and future commercialization pathways. The Company believes the report represents a significant international validation of wave energy’s growing role in the future clean energy mix and underscores the increasing global momentum behind marine renewable energy technologies.

 

Together, Israel’s new Blue-Tech initiative and California’s SB 605 commercialization roadmap demonstrate a growing international recognition that wave energy is transitioning from research and demonstration projects toward commercial deployment.

 

Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, commented:

 

“We highly commend the Ministry of Energy and Infrastructure and the Israel Innovation Authority for launching this important initiative. Israel has long been recognized as the ‘Startup Nation,’ and this program further reinforces its commitment to advancing breakthrough clean energy technologies. We are proud that Eco Wave Power’s grid-connected wave energy power station at Jaffa Port has already demonstrated the viability of marine renewable energy in Israel, and we look forward to seeing additional Blue-Tech innovations emerge through this initiative.”

 

She continued:

 

“As artificial intelligence drives unprecedented demand for clean electricity, marine renewable energy can become an important part of the future energy mix. Combining wave energy with AI-enabled optimization and digital twin technologies creates an exciting opportunity to deliver resilient, intelligent, and sustainable coastal energy infrastructure.”

 

Eco Wave Power believes that the new government initiative represents an important milestone for Israel’s Blue-Tech ecosystem and is expected to contribute to accelerating innovation, commercialization, and international collaboration in marine renewable energy technologies.

 

For more information about the program, please visit the following link: https://www.gov.il/he/pages/news-190726

 

About Eco Wave Power Global AB (publ)

 

Eco Wave Power Global (NASDAQ: WAVE) is a pioneering onshore wave energy company that converts ocean and sea waves into clean, reliable, and cost-efficient electricity using its patented 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, driven in part by the rapid growth of artificial intelligence, data centers, and digital infrastructure, Eco Wave Power is positioning its technology as a scalable, nearshore renewable energy solution capable of supporting next-generation power needs.

 

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.

 

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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 (NASDAQ: WAVE) is using forward-looking statements in this press release when it discusses that its technology aligns closely with the objectives of the newly announced Blue-Tech program, the belief that report represents a significant international validation of wave energy’s growing role in the future clean energy mix and underscores the increasing global momentum behind marine renewable energy technologies, the belief that wave energy is transitioning from research and demonstration projects toward commercial deployment, the opportunity to deliver resilient and sustainable coastal energy infrastructure through wave energy and AI-enabled technologies, and the belief that the new government initiative represents an important milestone for Israel’s Blue-Tech ecosystem and is expected to contribute to accelerating innovation, commercialization, and international collaboration in marine renewable energy 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.

 

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Source: View Original Filing on SEC EDGAR

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