Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
On July 16, 2026, Eco Wave
Power Global AB (publ) (the “Company”) issued a press release titled “California’s Final SB 605 Report Highlights
Eco Wave Power’s Port of Los Angeles Pilot as State Advances Marine Energy Commercialization” a copy of which is furnished
as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.
The first paragraph, and the
fourth through seventh 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to the extent not superseded by documents or reports subsequently filed or furnished.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
California’s Final SB 605 July 2025 Report Highlights
Eco Wave Power’s Port of Los
Angeles Pilot as State Advances Marine Energy Commercialization
Los Angeles, United States – July 16, 2026
– Eco Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading developer of
onshore wave energy technology, highlighted its inclusion in California’s Final Consultant Report on Sea Space Analysis for Wave and Tidal
Energy and prepared for the California Energy Commission (“CEC”) as part of the State’s Senate Bill
605 (“SB 605”) process. The report specifically references Eco Wave Power’s Port of Los Angeles wave energy pilot project as
part of California’s assessment of existing marine renewable energy developments and future commercialization opportunities.
The Final Consultant Report represented the culmination
of SB 605 Phase 2, a comprehensive statewide assessment evaluating suitable deployment areas, electrical infrastructure, environmental
considerations, monitoring strategies, and commercialization pathways for wave and tidal energy projects. The report was developed in
coordination with the California Coastal Commission, California Department of Fish and Wildlife, Ocean Protection Council, State Lands
Commission, California Native American Tribes, commercial and recreational fishing communities, environmental organizations, marine energy
developers, and other stakeholders.
The completion of the SB 605 process represented
one of the most comprehensive state-led evaluations of marine renewable energy undertaken in the United States to date. Beyond assessing
California’s wave and tidal energy resources, the initiative established a framework for identifying suitable sea space, minimizing environmental
and ocean-use conflicts, evaluating transmission requirements, and informing future legislative and executive actions related to marine
renewable energy development. The legislation also called for identifying near-term actions related to investments and workforce development
to support the future growth of California’s marine energy sector.
Notably, California’s Final SB 605 Consultant
Report specifically references Eco Wave Power and its Port of Los Angeles pilot project as part of the State’s assessment of existing
marine renewable energy developments. The report highlights the Company’s progress in California, including the receipt of its U.S. Army
Corps of Engineers Nationwide Permit and the deployment of its wave energy technology at AltaSea at the Port of Los Angeles. The report
also notes that additional viable deployment opportunities may be identified through detailed site-specific assessments, citing Eco Wave
Power’s Port of Los Angeles pilot as an example.
Earlier this year, Eco Wave Power successfully
submitted its final project completion report to Shell International Exploration and Production Inc., fulfilling all contractual milestones
under the 2024 Pilot Test Agreement. The Company also recently submitted the report to AltaSea and the Port of Los Angeles. Eco Wave Power’s
wave energy installation remains operational at AltaSea, where it continues to serve as both a demonstration facility and an educational
platform for marine renewable energy.
Unlike many marine energy technologies designed
for offshore deployment, Eco Wave Power’s patented technology is installed on existing man-made coastal infrastructure, including breakwaters,
jetties, piers, and port structures, eliminating the need for offshore seabed installation. By utilizing existing coastal infrastructure,
the Company’s approach has the potential to reduce permitting complexity while minimizing environmental impacts and ocean-use conflicts,
objectives that align closely with California’s long-term planning for marine renewable energy development.
Beyond California, Eco Wave Power continues to
advance one of the world’s most active wave energy project portfolios. The Company operates its demonstration project at the Port of
Los Angeles, successfully commissioned Israel’s first grid-connected wave energy power station at Jaffa Port, is advancing the first
phase of its megawatt-scale project in Porto, Portugal, and continues progressing projects and collaborations across the United States,
Europe, and Asia. The Company believes its growing portfolio of operational and advanced-stage projects positions Eco Wave Power among
the world’s most experienced wave energy developers as governments increasingly establish policy frameworks supporting marine renewable
energy commercialization.
“The completion of California’s SB 605
process marks an important step toward establishing a long-term roadmap for marine renewable energy in California,” said Terry
Tamminen, President and Chief Executive Officer of AltaSea at the Port of Los Angeles. “Demonstration projects like Eco Wave
Power’s installation at AltaSea play an important role in helping policymakers, researchers, students, and industry stakeholders better
understand how innovative marine energy technologies can be integrated into existing coastal infrastructure. We are proud to support
technologies that contribute to California’s clean energy future.”
“The completion of California’s SB 605
process represents another important milestone in the evolution of the marine energy industry,” said Inna Braverman, Founder
and Chief Executive Officer of Eco Wave Power. “California has now completed an extensive evaluation of wave and tidal energy
resources, deployment opportunities, transmission infrastructure, environmental considerations, and commercialization pathways. We are
especially proud that Eco Wave Power and our Port of Los Angeles pilot project are specifically referenced in California’s official SB
605 Final Consultant Report. We believe this recognition reflects the progress our Company has made in demonstrating practical, infrastructure-based
wave energy technology. As California continues advancing a framework for marine renewable energy deployment, we believe the State is
creating a constructive environment for commercialization, and we look forward to supporting that transition through our ongoing and
future activities in California.”
SB 605 directed the California Energy Commission
to evaluate the feasibility, costs, and benefits of wave and tidal energy and to identify suitable sea space, mitigation measures, monitoring
strategies, transmission considerations, workforce needs, and investment priorities. Together with the previously completed feasibility
assessment, the SB 605 reports are intended to inform recommendations to the Governor and California Legislature regarding future legislative
and executive actions supporting the development of marine renewable energy technologies, infrastructure, and facilities in California.
For additional information regarding California’s Senate Bill 605 process
and the Final Consultant Report, published in July 2025, please visit:
https://efiling.energy.ca.gov/Lists/DocketLog.aspx?docketnumber=24-SB-605
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.
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
its belief that California is creating a constructive environment for marine energy commercialization, its belief that its growing portfolio
of operational and advanced-stage projects positions Eco Wave Power among the world’s most experienced wave energy developers, its
belief that its infrastructure-based approach has the potential to reduce permitting complexity while minimizing environmental impacts,
and its plans to support California’s clean energy transition through ongoing and future activities. 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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