Core Insights - Eco Wave Power Global AB has been included in a significant U.S. Department of Energy report highlighting the potential of Coastal Structure Integrated Wave Energy Converters (CSI-WECs) along U.S. coastlines [1][2] Group 1: Report Overview - The report, produced by the National Laboratory of the Rockies for the DOE, assesses the technical, economic, and geographic opportunities for structure-integrated wave energy systems in the U.S. [2] - The analysis identifies structure-integrated wave energy as a lower-risk and higher-value deployment pathway within the marine energy sector [4][5] Group 2: Economic and Technical Benefits - CSI-WEC systems are integrated into existing coastal defense structures, such as breakwaters and jetties, providing a financially attractive route for marine energy deployment [5] - The report indicates that integrating wave energy converters can enhance the lifetime asset value of coastal defenses, turning them into revenue-generating clean energy assets [5][6] - The U.S. coastlines have an estimated theoretical wave energy potential of 2,640 terawatt-hours per year, with approximately 14% of the coastline already equipped with coastal defense structures [9] Group 3: Deployment Potential - Eco Wave Power was selected to conduct preliminary energy production analyses for four high-potential U.S. locations, with projected annual generation ranging from tens to hundreds of megawatt-hours per device [7] - The capital payback period for these projects is estimated at approximately five to six years, with potential energy value reaching millions of dollars over a 20-year project life [9] Group 4: Company Background - Eco Wave Power is a pioneering onshore wave energy company that has developed Israel's first grid-connected wave energy power station and recently launched its first U.S. demonstration project at the Port of Los Angeles [12][13] - The company is expanding its project pipeline globally, with upcoming projects in Portugal, Taiwan, and India, totaling 404.7 MW under development [14]

Core Insights - Eco Wave Power Global AB has successfully completed a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa, indicating a technical potential to deploy approximately 8.3 MW of installed wave energy capacity [1][3][4]. Company Overview - Eco Wave Power is a pioneering onshore wave energy technology company that transforms ocean and sea wave power into clean, reliable, and cost-efficient electricity through patented technology [10]. - The company operates a grid-connected wave energy power station in Jaffa Port, Israel, and is advancing projects in the United States, Portugal, Taiwan, and India, with a robust project pipeline of 404.7 MW under development [12]. Feasibility Study Findings - The feasibility study, conducted in collaboration with Africa Great Future Development Ltd (AGFDL), assessed site conditions, wave resource availability, and preliminary system configuration, supporting the port's suitability for onshore wave energy implementation [3][4]. - The study results will be reviewed in detail by AGFDL, after which both parties will evaluate potential next steps, including project structuring and regulatory pathways [5][8]. Strategic Importance - The Port of Ngqura is strategically located in South Africa's Eastern Cape Province and is adjacent to the Coega Special Economic Zone, making it a strong candidate for the first onshore wave energy deployment in Africa [8]. - South Africa faces significant energy supply challenges, highlighting the need for clean, reliable, and locally generated power, with over 2,800 kilometers of coastline offering long-term potential for wave energy [6].

Core Viewpoint - Eco Wave Power Global AB has reported stable and reliable wave energy production from its EWP-EDF One pilot project at Jaffa Port, Israel, generating over 2,300 kWh of clean electricity in January 2026, demonstrating the technology's operational robustness under real-world conditions [2][4][9]. Group 1: Project Performance - The EWP-EDF One system operated without downtime since the beginning of 2025, consistently performing in wave conditions of 1 meter and above [4]. - In January 2026, the project generated more than 2,300 kWh of electricity over approximately 11 days with wave heights between 1 and 2 meters [2][4]. - The performance data collected supports the scalability of Eco Wave Power's technology, indicating potential for larger floaters and more units in future commercial projects [6]. Group 2: Future Developments - Future commercial projects are planned to utilize significantly larger floaters and a greater number of units, which are expected to enhance energy capture and improve capacity factors [6][9]. - Eco Wave Power is expanding its global presence with projects in the Port of Los Angeles, Taiwan, India, and Portugal, representing a robust project pipeline of 404.7 MW under development [8][12]. Group 3: Company Mission and Technology - Eco Wave Power aims to accelerate the transition to renewable energy by transforming ocean waves into clean electricity through its patented technology [10][11]. - The company continues to optimize system design based on real-world operational experience, reinforcing wave energy as a predictable and complementary renewable energy source [7][9].

Core Insights - Eco Wave Power Global AB has signed a Letter of Intent (LOI) with Wavefront Asset Management Limited to facilitate financing for wave energy projects [1][2] - The LOI aims to support the transition from pilot projects to commercial-scale deployments of Eco Wave Power's wave energy technology [2][8] Financing Solutions - Wavefront is expected to provide structured equipment financing and leasing solutions, potentially covering up to 100% of equipment and installation costs [4][5] - The financing arrangements will allow for flexibility in transaction sizes, accommodating various project scales and customer profiles [4][5] Collaboration Details - Eco Wave Power may introduce customers to Wavefront for financing, with Wavefront acting as a funder and lessor [3][6] - The LOI has an initial term of 36 months and is intended to create efficient financing solutions for Eco Wave Power's global customer base [6][8] Strategic Importance - The collaboration is seen as critical for reducing financing barriers and accelerating the commercialization of wave energy technology [7][8] - Eco Wave Power is expanding its global presence with projects in Israel, the United States, Europe, and Asia, supported by strategic financing partnerships [8][11]

Core Viewpoint - Eco Wave Power Global AB has made significant progress in its 1 MW wave energy project in Porto, Portugal, marking a transition from planning to construction phase [1][4][9] Project Development - The company has completed a wave and loads assessment in collaboration with MetOcean Consult, which confirmed favorable conditions for the project [1][3][4] - A full execution plan has been submitted to Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL) [1][4] - The project is the first megawatt-scale implementation under a 20 MW concession agreement with APDL [2] Engineering and Design - MetOcean Consult has been retained for engineering and design optimization, providing essential metocean data for the project [2][4] - The assessment of the Barra do Douro breakwater has confirmed suitable wave loading conditions for Eco Wave Power's latest floater design [3][4] Financial Milestones - The project has achieved key financial milestones, including the payment of the first installment, which represents 50% of the grid connection fee [5] - Formal acceptance of grid connection conditions has been secured with E-REDES, Portugal's national electricity distribution system operator [5] Strategic Importance - The 1 MW wave energy station is designed to integrate ocean wave energy into Portugal's renewable electricity mix, contributing to the country's clean energy portfolio [8][9] - The project aligns with a tentative grid connection target in 2026, pending final regulatory approvals [5][9] Company Overview - Eco Wave Power is recognized as a leader in onshore wave energy technology, with a mission to accelerate the global transition to renewable energy [11][12] - The company has a robust project pipeline of 404.7 MW under development across various countries, including upcoming projects in Portugal, Taiwan, and India [13]

Core Viewpoint - Eco Wave Power Global AB has reported strong performance in wave energy production at its EWP-EDF One project in Jaffa Port, Israel, during December 2025, demonstrating the reliability and scalability of its technology [1][10]. Group 1: Performance and Operational Data - The EWP-EDF One system has maintained zero downtime since the beginning of 2025, operating stably in wave conditions of 1 meter and above [2]. - In December 2025, the project produced over 2,000 kWh of clean electricity during approximately 12 days of moderate wave heights between 1 and 2 meters [2]. - The strong performance during December confirms the system's ability to generate energy reliably under real-world conditions, providing valuable data for future advancements in wave energy technology [3][5]. Group 2: Future Projects and Scalability - Future commercial projects are planned to utilize larger floaters and a higher number of units, which are expected to significantly enhance energy capture and improve production profiles compared to pilot installations [6]. - The successful performance at Jaffa Port supports the scalability potential of Eco Wave Power's technology, paving the way for larger, commercial-scale deployments [5][6]. - The company is expanding its global footprint with projects in various locations, including the Port of Los Angeles, Taiwan, India, and Portugal, indicating a robust project pipeline of 404.7 MW under development [9][13]. Group 3: Company Commitment and Vision - Eco Wave Power is committed to advancing wave energy from demonstration to commercial application, systematically collecting performance data to optimize future designs [7]. - The company aims to unlock a stronger production profile as it scales to larger floaters and expanded arrays, moving wave energy closer to large-scale commercial deployment [10]. - Eco Wave Power's innovative systems are designed to be efficient, scalable, and environmentally responsible, contributing to a diversified renewable energy future [10].

Core Insights - Eco Wave Power has made significant advancements in Q3 2025, including the launch of its first U.S. project and recognition by TIME as one of the Best Inventions of 2025, supporting its global growth in wave energy technology [1][8][24]. Financial Overview - For the nine months ended September 30, 2025, operating expenses increased to $2.48 million from $1.97 million in the same period of 2024, primarily due to investments in U.S., Portugal, and Asia projects [32]. - Operating expenses for Q3 2025 were $888 thousand, reflecting an 8% increase quarter-over-quarter, driven by higher Sales & Marketing costs to support the U.S. project launch [21][30]. - The net loss for Q3 2025 was $996 thousand, a 28% reduction from the previous quarter, indicating improved operational efficiency [22][30]. Project Developments - The U.S. pilot project at the Port of Los Angeles was launched in September 2025, marking the first onshore wave energy installation in the U.S. [4][5]. - In Taiwan, Eco Wave Power has entered an agreement for local manufacturing and installation of a wave energy pilot station, marking a significant step in the country's renewable energy sector [9][10]. - The company is advancing preparations for Portugal's first megawatt-scale wave energy power plant, with plans for grid connection in 2026 [14][15]. International Recognition - The U.S. pilot project was featured on Good Morning America, providing unprecedented visibility for wave energy technology [3][24]. - Eco Wave Power's pilot project was named one of TIME's Best Inventions of 2025, highlighting its impact on climate change and sustainability [8][24]. Strategic Partnerships - Collaborations with local partners in the U.S., including AltaSea and Shell Marine Renewable Energy, emphasize the company's commitment to innovation and community engagement [25]. - In India, a Memorandum of Understanding with Bharat Petroleum Corporation Limited aims to explore wave energy deployment at the Mumbai Oil Terminal, tapping into a significant ocean energy market [12][13]. Research and Development - The EWP-EDF One project in Israel is focused on optimizing system performance through advanced testing and calibration, reinforcing Eco Wave Power's position as a global R&D hub for wave energy [16][18]. - The company is investing in R&D to lower equipment costs and enhance the scalability of its wave energy solutions [19][31].

Core Insights - Eco Wave Power's wave energy pilot project at AltaSea in the Port of Los Angeles has been recognized in TIME's 2025 Best Inventions list, highlighting its innovative approach to renewable energy [1][4][5] - The project is the first onshore wave energy installation in the United States, developed in collaboration with Shell Marine Renewable Energy, and demonstrates the potential of wave energy for sustainable electricity generation [4][7] Company Overview - Eco Wave Power Global AB (publ) is a pioneering company in onshore wave energy, transforming ocean waves into clean and cost-efficient electricity through patented technology [6][8] - The company has successfully developed Israel's first grid-connected wave energy station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy [5][7] Project Details - The Los Angeles pilot project utilizes Eco Wave Power's patented floaters attached to existing marine infrastructure, showcasing an environmentally friendly and scalable solution for wave energy [4][5] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in Portugal, Taiwan, and India, indicating significant global expansion [5][8] Recognition and Impact - The recognition by TIME serves as a validation of the significance of wave energy and its potential to contribute to climate change mitigation [3][5] - The pilot project is positioned as a proof-of-concept for future grid-connected deployments, emphasizing the readiness of wave energy for broader application [5][10]

Core Insights - Eco Wave Power Global has launched the first onshore wave energy pilot station in the U.S. at AltaSea in the Port of Los Angeles, highlighting the potential of wave energy as a significant renewable energy source for coastal communities [1][5][9] Company Overview - Eco Wave Power is a pioneering company that transforms ocean wave energy into clean, reliable, and cost-efficient electricity through patented technology [8] - The company has developed and operates Israel's first grid-connected wave energy power station and is expanding its project pipeline globally, with upcoming projects in Portugal, Taiwan, and India, totaling 404.7 MW under development [9][10] Industry Potential - The pilot project at AltaSea demonstrates the feasibility and scalability of wave energy technology, which can harness ocean waves along existing marine infrastructure to generate clean electricity [5][6] - California's coastlines alone have the potential to generate gigawatts of wave energy, presenting significant opportunities for investors and municipalities to diversify renewable energy portfolios and reduce carbon emissions [6][7] Federal Support and Investment - Congresswoman Nanette Barragán emphasized the importance of federal support for wave energy, including her proposed $1 billion Marine Energy Technologies Acceleration Act aimed at advancing marine energy technologies across the U.S. [4][5] - The growing interest from investors and federal backing positions the U.S. to potentially lead in marine renewable energy [5][7]

Core Insights - Eco Wave Power Global AB is advancing its wave energy technology by partnering with BladeRanger Ltd to enhance maintenance through automated drone solutions [1][4][5] - The collaboration aims to reduce operational costs, minimize downtime, and increase energy output, making wave energy more competitive with other renewable sources [3][5] Company Developments - The partnership was demonstrated at Eco Wave Power's project in Jaffa Port, Israel, where BladeRanger's drones performed cleaning and inspection of the company's floaters [2][3] - Eco Wave Power recently launched its Los Angeles Pilot project on September 9, 2025, marking a significant milestone in its operations [1][4] Financial Implications - Historically, operational costs at Eco Wave Power's sites have reached up to 4% of project CAPEX annually, and the introduction of drone technology is expected to significantly lower these costs [3] - The collaboration with BladeRanger could lead to a long-term strategic partnership, potentially expanding drone technology deployment across Eco Wave Power's global project pipeline [5][10] Industry Context - BladeRanger specializes in autonomous drone solutions for cleaning and maintenance in renewable energy sectors, and is now expanding its services to wave energy [7][8] - Eco Wave Power is recognized for its innovative approach to wave energy, having developed Israel's first grid-connected wave energy power station and is actively expanding its project pipeline globally [9][10]