Welcome to our dedicated page for Eco Wave Power Global Ab (Publ) news (Ticker: WAVE), a resource for investors and traders seeking the latest updates and insights on Eco Wave Power Global Ab (Publ) stock.
Eco Wave Power Global AB (NASDAQ: WAVE) pioneers onshore wave energy conversion technology that transforms ocean movements into renewable electricity. This news hub provides investors and industry stakeholders with timely updates on technological advancements, global project developments, and strategic partnerships driving the clean energy transition.
Access comprehensive coverage of WAVE's operational milestones, including new installations in Portugal and Taiwan, collaborations with energy leaders like EDF Renewables, and engineering breakthroughs in marine energy conversion. Our curated news collection delivers verified updates on earnings reports, regulatory approvals, and infrastructure expansions without speculative commentary.
Key content areas include project commissioning updates, patent filings for wave converter systems, partnership announcements with maritime engineering firms, and participation in international renewable energy forums. Bookmark this page for direct access to original press releases and objective analysis of WAVE's role in advancing sustainable power generation.
Eco Wave Power Global AB (NASDAQ: WAVE) will hold its official bell ringing ceremony on the Nasdaq Stock Market on January 20, 2022, at 9:15 a.m. ET, celebrating its public listing. The company, a leader in clean energy from ocean waves, began trading on July 1, 2021. CEO Inna Braverman highlighted the company's decade-long track record and commitment to addressing climate change through its patented technology. The event will feature remarks from Robert J. Karabinchak, discussing wave energy legislation in New Jersey.
Eco Wave Power Global AB (WAVE, ECOWVE) has been chosen as a finalist in the $1 billion Build Back Better regional challenge by the LAEDC. This initiative aims to enhance economic recovery post-pandemic, awarding the coalition $500,000 to develop projects for sustainable growth in Southern California. The coalition aims to implement a wave energy pilot system at AltaSea in the Port of Los Angeles, marking a significant step in clean energy production. Eco Wave Power's technology aims to contribute to job creation and ecological resilience at America's leading trade gateway.
Eco Wave Power and Ocean Power Technologies announced a strategic collaboration aimed at accelerating wave energy projects. They plan to leverage complementary technologies, including joint grant submissions and market entry assistance. The partnership aims to enhance knowledge sharing and develop innovative solutions that combine their offshore and onshore expertise. The collaboration is expected to contribute positively to the renewable energy sector, addressing climate change by integrating wave energy into the global energy mix.
Eco Wave Power Global AB (WAVE) announced the delivery of its first floaters and supporting structures for the grid-connected EWP-EDF One project at Jaffa Port, Israel. This milestone signifies substantial progress toward the installation of the first wave energy array, with installation expected to begin later this month. The project aims to generate electricity by Q3 2022 and will consist of 10 floaters connected to a conversion unit. The innovative onshore delivery method enhances efficiency compared to traditional offshore installations.
Eco Wave Power Global AB (WAVE) announced its transition to Vator Securities as its new Certified Adviser, effective January 1, 2022. The company is recognized for its innovative wave energy technology and has received several accolades, including being labeled as a "Pioneering Technology" by the Israeli Ministry of Energy. Eco Wave Power focuses on producing green electricity from ocean waves, aiming to combat climate change. This change in advisers is set to benefit the company as it continues its mission, supported by funding from the EU and recognition from the United Nations.
Eco Wave Power Global AB (WAVE) reported its interim financial results for the nine months ending September 30, 2021. Revenues increased to SEK 0.26 million from SEK 0 in 2020, attributed to feasibility study services in Asia. However, operating losses widened to SEK 17.9 million, up from SEK 10.5 million in the previous year. Net loss increased to SEK 14.9 million, and cash reserves stood at SEK 140.9 million. The company is advancing its projects pipeline, including collaborations with the Israeli Navy and developments in Portugal.
Eco Wave Power Global AB (Nasdaq: WAVE) has appointed Mr. Avi Waller as Chief Operating Officer, effective immediately. Waller brings over 20 years of experience in engineering and operational roles, previously serving as CEO of A. Adiran Engineering & Agencies Ltd. He aims to enhance the company's operations as part of its mission to promote green energy. Eco Wave Power specializes in converting ocean waves into electricity and has received recognition and funding for its innovative solutions.
Eco Wave Power Global announced a Memorandum of Understanding (MOU) with CIMC Offshore Engineering Institute to collaborate on a pilot plant for wave energy technology in China. The partnership aims to promote Eco Wave Power's technology, facilitate introductions to potential clients, and enhance negotiations for commercialization. The MOU, valid for two years, highlights Eco Wave Power's commitment to renewable energy and innovation in high-demand markets, leveraging CIMC OEI's engineering expertise and market presence in offshore marine structures.
Eco Wave Power Global AB (WAVE) has entered a collaboration with Lesico Ltd. to produce 8 floaters for the EWP EDF One project in Israel. This project, co-funded by the Israeli Ministry of Energy, involves the installation of ten floaters with a 100 kW capacity. Eco Wave Power has completed initial works and will leverage Lesico's expertise to ensure high-quality production within 51 working days. This partnership may lead to further collaboration on additional projects as both companies aim to advance renewable energy solutions.
