WAVE Profile
Eco Wave Power Global AB (publ) is a pioneering company in the field of wave energy, specializing in the development and commercialization of innovative wave energy conversion (WEC) technology. This technology harnesses the kinetic energy of ocean and sea waves to generate clean, renewable electricity. By converting wave motion into electrical power, Eco Wave Power aims to provide a sustainable alternative to conventional energy sources and contribute to global efforts in reducing carbon emissions.
The company operates a grid-connected wave energy array in Gibraltar, which represents a significant milestone in its commercial endeavors. This installation, powered under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company, serves as a practical demonstration of the company's technology in action. In addition to this operational project, Eco Wave Power holds a range of agreements, including power purchase agreements, concession agreements, and other partnerships across multiple regions.
Eco Wave Power's project pipeline is robust, with approximately 327.7 megawatts of planned capacity in various stages of development. The company's international presence spans Sweden, Israel, Portugal, China, Gibraltar, Australia, and Mexico, reflecting its global ambition and the broad applicability of its technology. This diverse geographical footprint supports its efforts to deploy wave energy solutions in different environmental and regulatory contexts.
Previously known as EWPG Holding AB (publ), the company rebranded to Eco Wave Power Global AB (publ) in June 2021 to better align with its strategic focus on wave energy technology and global expansion. Founded in 2011 and headquartered in Tel Aviv-Yafo, Israel, Eco Wave Power is committed to advancing the development of wave energy and promoting its adoption worldwide. For more information on Eco Wave Power Global and its projects, visit the company’s official website.
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