Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
On January 15, 2026, Eco Wave
Power Global AB (publ) (the “Company”) issued a press release titled “Eco Wave Power Advances 1 MW Wave Energy Project
in Porto, Portugal; Completes Ocean Wave Assessment With MetOcean Consult and Submits Full Execution Plan to APDL” a copy of which
is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.
The first through third paragraphs,
and fifth through seventh paragraphs 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to the extent not superseded by documents or reports subsequently filed or furnished.
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 Advances 1 MW Wave Energy Project
in Porto, Portugal;
Completes Ocean Wave Assessment With MetOcean Consult and Submits Full Execution Plan to APDL
Porto, Portugal – (Newsfile Corp. –
January 15, 2026) – Eco Wave Power Global AB (NASDAQ: WAVE) (“Eco Wave Power” or the “Company”), a global
leader in onshore wave energy technology, today announced key progress in the development of its 1 MW wave energy project in Porto, Portugal,
including the completion of a wave and loads assessment conducted in co-operation with MetOcean Consult and the submission of the full
execution plan to Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL).
To support engineering and design optimization
for the Porto project — the first megawatt-scale implementation under the Company’s 20 MW concession agreement with APDL —
Eco Wave Power retained the services of MetOcean Consult, a Netherlands-based consultancy specializing in independent metocean analysis,
environmental data services, and numerical wave- and flow modeling for offshore, coastal, and port developments.
MetOcean Consult’s assessment for the Barra
do Douro breakwater generated important data and confirmed the favorable wave climate and wave-induced loading conditions for Eco Wave
Power’s new generation of floaters.
“Accurate metocean data are essential for
the safe and efficient development of marine renewable energy projects,” said Marco Westra, Managing Director of MetOcean Consult.
“Our analysis of the Barra do Douro breakwater shows wave- and wave loading conditions that are well suited to Eco Wave Power’s
latest floater design, providing a solid technical foundation for the project as it advances toward execution.”
With the completion of the internal engineering
reviews, Eco Wave Power submitted its full execution plan to APDL on January 8, 2026, marking a key transition from the planning phase
toward the construction phase of the 1 MW project. The Company expects to engage further with APDL in the coming weeks to finalize schedules
and advance the project toward on-site execution.
The planned 1 MW wave energy station in the City
of Porto has already achieved important development milestones, including the payment of the first installment, representing 50% of the
grid connection fee, and formal acceptance of the grid connection conditions with E-REDES, Portugal’s national electricity distribution
system operator. The project aligns with a tentative grid connection target in 2026, subject to final regulatory approvals.
Situated within the existing breakwater structure
known as “The Gallery,” the 1 MW installation will house Eco Wave Power’s advanced wave energy conversion equipment
and is designed to support the integration of ocean wave energy into Portugal’s renewable electricity mix.
“Portugal has established itself as a leader
in renewable energy adoption, and we are proud that our Porto project contributes to the continued diversification of the country’s
clean energy portfolio,” said Inna Braverman, CEO and Founder of Eco Wave Power. “Completing the metocean assessment with
MetOcean Consult and submitting our execution plan to APDL are important steps as we move this project from planning toward construction
and grid connection. This initiative underscores our commitment to scaling wave energy solutions and delivering predictable, sustainable
power from the world’s oceans.”
Eco Wave Power’s innovative, onshore wave
energy systems are designed to be efficient, scalable, and environmentally responsible, supporting the transition to a resilient and diversified
renewable energy future.
About MetOcean Consult
MetOcean Consult is an independent consultancy
providing high-quality environmental data services, forecast information, and metocean analysis for offshore, coastal, and port projects.
With extensive experience in numerical wave and flow modeling and validated wind, wave, and current data, MetOcean Consult delivers fit-for-purpose
solutions that support design criteria, engineering decisions, and environmental assessments across all stages of marine infrastructure
development.
About Eco Wave Power Global AB (publ)
Eco Wave Power Global (Nasdaq: WAVE) is
a pioneering onshore wave energy company that transforms the power of ocean and sea waves into clean, reliable, and cost-efficient electricity
through its patented, intelligent technology.
With a mission to accelerate the global transition
to renewable energy, 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 Renewables
IL. 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 (Shell MRE).
Eco Wave Power is expanding rapidly worldwide,
with upcoming projects in Portugal, Taiwan, and India, representing a robust project pipeline of 404.7 MW under
development. 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.
Note: Information available on or through the
websites mentioned herein does not form part of this press release.
For press inquiries, please contact: 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 is using forward-looking statements in this press release when it discusses the expectation
to engage further with APDL in the coming weeks to finalize schedules and advance the 1 MW wave energy project in Porto, Portugal toward
on-site execution and the expectation that the project aligns with a tentative grid connection target in 2026. 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, 2024 filed with the SEC on March 3, 2025, 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.
