SectorPower supply equipment
Established Date--
Listing Date01/07/2021
ExchangeNASDAQ Stock Exchange
Full-time Employees11
Fiscal Year Ends31/12
Security TypeDepository Receipts (Ordinary Shares)
Office address52 Derech Menachem Begin Street
Tel Aviv 6713701
Israel
BusinessDevelops wave energy converters for clean electricity generation.
IntroductionEco Wave Power Global AB (publ) is a company incorporated in Sweden and was incorporated in 2019. The company is a wave energy company focused on developing a smart and cost-effective WEC technology that converts oceans and waves into clean electricity. The company's corporate mission is to revolutionize energy production through proprietary Wave technology and become a leader in the renewable energy industry. According to Frost & Sullivan's analysis, the industry is expected to receive $3.4 trillion in new investments over the next decade. The company's WEC technology is implemented on land or near shore and, as opposed to offshore systems, draws energy from the waves by converting the rising and falling movements of the waves into a clean energy generation process.