Eco Wave Power: Harnessing the Power of Waves for Clean Energy

Eco Wave Power Global AB (publ), a leading innovator in onshore wave energy technology, recently announced the closing of a $3.0 million registered direct offering. This strategic investment will accelerate the company's commercial-scale wave energy deployment, further solidifying its position as a pioneer in the renewable energy sector.

Eco Wave Power's innovative technology converts ocean and sea waves into clean electricity, providing a sustainable and reliable source of energy. The company's wave energy conversion (WEC) technology is designed to be efficient, cost-effective, and environmentally friendly, making it an attractive alternative to traditional energy sources.

The $3.0 million investment will be allocated towards the development and installation of additional wave energy power stations, enabling Eco Wave Power to expand its pipeline of projects. With approximately 404.7 megawatts of projects in the pipeline, the company is well-positioned to capitalize on the growing demand for clean energy.

One of Eco Wave Power's most significant achievements is the successful launch of Israel's first wave energy project, a 100KW pilot project in collaboration with Lian Tat. This project, located in Taiwan, is expected to commence with a landmark 100KW pilot project, marking a significant milestone in the company's global expansion.



Eco Wave Power's innovative technology has the potential to revolutionize the renewable energy sector. By harnessing the power of waves, the company is able to generate clean electricity in a sustainable and cost-effective manner. The company's commitment to innovation and sustainability is evident in its strategic acquisitions and organic growth, as seen with its recent acquisition of a power station in Taiwan.

The company's growth and revenue are expected to be significantly impacted by its wave energy projects, particularly the Israeli Project, which was officially "switched-on" in December 2024. This project, the first wave power plant in the Middle East, is exporting electricity into Israel's power grid under a Power Purchase Agreement with the Israeli National Electric Company. This project, along with others in the pipeline, such as the Taiwanese Lian Tat project, are expected to drive Eco Wave Power's growth and revenue.

In conclusion, Eco Wave Power's $3.0 million registered direct offering is a testament to the company's commitment to accelerating commercial-scale wave energy deployment. With its innovative technology and expanding pipeline of projects, Eco Wave Power is well-positioned to capitalize on the growing demand for clean energy. The company's success in Israel and Taiwan demonstrates its potential to make a significant impact in the renewable energy sector, contributing to a more sustainable future.