Eco Wave Power (WAVE) wraps Shell-backed Port of Los Angeles wave pilot

Rhea-AI Filing Summary

Eco Wave Power Global AB reports that it has submitted the final project completion report to Shell International Exploration and Production Inc., formally concluding their Port of Los Angeles wave energy pilot program under a 2024 Pilot Test Agreement.

The pilot followed a phased, milestone-based structure from feasibility study and engineering design through manufacturing, installation, operational testing and final reporting, with all contractual milestones and deliverables completed. The AltaSea installation at the Port of Los Angeles will continue operating as an educational and demonstration facility, showcasing onshore wave energy technology that uses existing coastal infrastructure instead of seabed anchoring and offshore construction.

Key Figures

Feasibility study sites: 77 sites Pilot Test Agreement year: 2024 Final report date: March 31, 2026 +2 more

5 metrics

Feasibility study sites 77 sites U.S. coastline locations identified as favorable for wave projects

Pilot Test Agreement year 2024 Year Eco Wave Power and Shell signed the Port of Los Angeles pilot agreement

Final report date March 31, 2026 Date Eco Wave Power submitted the final project completion report to Shell

Project pipeline 404.7 MW Planned projects in Portugal, Taiwan and India

SEC form reference Form 6-K Report of Foreign Private Issuer furnishing the press release

Key Terms

Pilot Test Agreement, feasibility study, onshore wave energy, coastal-structure-integrated wave energy systems, +1 more

5 terms

Pilot Test Agreement financial

"under a Pilot Test Agreement entered between the parties in 2024"

A pilot test agreement is a short-term contract in which a vendor and a customer agree to try a product or service on a limited scale under specific conditions, timelines and success measures. Think of it as a test drive that defines who pays, how performance will be judged, and how data and confidentiality are handled. For investors, such agreements matter because they provide early evidence that a product works in a real-world setting and can lead to larger contracts or revenue, while still carrying the risk that the trial may not convert.

feasibility study financial

"began with a comprehensive feasibility study of the U.S. coastline"

A feasibility study is an assessment that evaluates whether a proposed project or idea is practical and likely to succeed before investing significant time and resources. It considers factors like costs, potential benefits, and challenges, helping stakeholders decide if moving forward makes sense. Think of it as a detailed plan that gauges if a new venture is worth pursuing.

onshore wave energy technical

"development, installation, testing and reporting of an onshore wave energy pilot project"

Onshore wave energy captures the power of ocean waves using machines or structures located on or right next to the shoreline, converting the back-and-forth motion into electricity. Think of it like a coastal watermill that turns wave force into usable power; for investors, it matters because projects can offer predictable clean-energy revenue streams with easier access to existing grid connections, but they carry risks from weather variability, coastal regulations and maintenance costs from a salty, rough environment.

coastal-structure-integrated wave energy systems technical

"economic and deployment advantages of coastal-structure-integrated wave energy systems"

Forward-Looking Statements regulatory

"the section titled “Forward-Looking Statements” in the press release"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of March 2026

Commission File Number

001-40554

Eco Wave Power Global AB (publ)

(Translation of registrant’s name into English)

52 Derech Menachem Begin St.

Tel Aviv - Yafo, Israel 6713701

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

CONTENTS

On March 31, 2026, Eco Wave Power Global AB (publ) (the “Company”) issued a press release titled “Eco Wave Power Submits Final Project Completion Report to Shell International Exploration and Production Inc., Successfully Concluding Port of Los Angeles Pilot Program” a copy of which is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.

The first through ninth paragraphs (inclusive of all bullet points included in such eighth paragraph), eleventh through fourteenth paragraphs, and the section titled “Forward-Looking Statements” in the press release attached as Exhibit 99.1 are incorporated by reference into the Company’s Registration Statements on Form F-3 (Registration Nos. 333-275728 and 333-282101) filed with the Securities and Exchange Commission to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit No.
99.1		Press release issued by Eco Wave Power Global AB (publ), dated March 31, 2026, titled “Eco Wave Power Submits Final Project Completion Report to Shell International Exploration and Production Inc., Successfully Concluding Port of Los Angeles Pilot Program”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eco Wave Power Global AB (publ)
By:	/s/ Aharon Yehuda
	Aharon Yehuda
	Chief Financial Officer
Date: March 31, 2026

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Exhibit 99.1

Eco Wave Power Submits Final Project Completion Report to Shell International Exploration and Production Inc., Successfully Concluding Port of Los Angeles Pilot Program

Los Angeles, CA — March 31, 2026 — Eco Wave Power Global AB (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading onshore wave energy technology company, today announced that it has submitted the final project completion report to Shell International Exploration and Production Inc. (“Shell”), marking the successful completion of the wave energy pilot objectives under a Pilot Test Agreement entered between the parties in 2024.

The submission of the final report represents the completion of all contractual milestones and deliverables under the Pilot Test Agreement signed in 2024 between Eco Wave Power and Shell, concluding a structured development program that progressed from feasibility analysis through engineering design, system installation, operational testing, and final reporting.

Strategic Collaboration and Project Background

The collaboration between Eco Wave Power and Shell began with a comprehensive feasibility study of the U.S. coastline, aimed at assessing the technical and commercial potential of deploying wave energy systems along U.S. coastal infrastructure. The study identified 77 sites with favorable conditions for potential wave energy projects, providing a strategic and technical foundation for advancing to a physical pilot installation in the United States.

Building on the findings of the feasibility study, Eco Wave Power and Shell entered into a Pilot Test Agreement in 2024 for the development, installation, testing and reporting of an onshore wave energy pilot project at AltaSea in the Port of Los Angeles.

The agreement was structured as a phased, milestone-based program, under which funding tranches were released upon successful completion of predefined deliverables. These deliverables covered the full lifecycle of the project — from site approvals and engineering design through manufacturing, installation, operational testing and final reporting.

Project Execution and Operational Results

Eco Wave Power successfully executed all phases of the pilot program. The Company secured all required regulatory approvals and site permits, finalized the engineering design for the installation, manufactured the system’s floaters and key mechanical components, and completed the full on-site installation of the wave energy system at AltaSea.

The project progressed through the entire development lifecycle, including permitting, engineering design, fabrication, installation and an operational trial period under real marine conditions.

During development and the operational trial period, the project achieved several key milestones:

● Full development lifecycle completed, including permitting, engineering design, fabrication, installation and operational testing.

● Successful integration with existing marine infrastructure, validating that wave energy systems can be deployed on coastal structures without seabed anchoring, offshore construction activities or subsea cabling.

● Regulatory feasibility confirmed, with all required approvals obtained, including the U.S. Army Corps of Engineers Nationwide Permit (NWP 52) and the Port of Los Angeles Revocable Permit (RP25-05). Environmental reviews conducted under the National Environmental Policy Act (NEPA) and the California Environmental Quality Act (CEQA) determined that the installation would have no significant environmental impact.

● Operational reliability demonstrated, with the system successfully operating under real marine conditions and tidal variations without structural degradation.

● Cost and deployment advantages validated, with the total capital cost of the pilot project remaining below $1 million, demonstrating the economic advantages of Eco Wave Power’s onshore configuration compared with offshore wave energy systems.

In March 2026, Eco Wave Power submitted the final project completion report to Shell under the Pilot Test Agreement, confirming that the pilot successfully achieved its technical and operational objectives and thereby completing the full scope of the agreement.

Industry Recognition

Eco Wave Power’s technology was also highlighted in a report by a U.S. Department of Energy National Laboratory, which emphasized the economic and deployment advantages of coastal-structure-integrated wave energy systems. The report noted that such systems may offer reduced installation complexity and lower infrastructure requirements by leveraging existing marine structures such as breakwaters and port infrastructure.

Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, commented:

“This project followed a clear and disciplined development path — beginning with a comprehensive feasibility study of the U.S. coastline, advancing through engineering, installation and operational testing, and concluding with final delivery under the Pilot Test Agreement with Shell. Successfully completing the full scope of this program demonstrates Eco Wave Power’s ability to execute complex wave energy projects together with leading global energy companies.”

Supporting the Future of Coastal Renewable Energy

The Port of Los Angeles pilot serves as an important reference installation for Eco Wave Power’s technology and demonstrates that wave energy systems can be deployed safely, cost-effectively and with minimal environmental impact using existing coastal infrastructure.

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By eliminating the need for seabed anchoring, offshore construction and subsea cabling, Eco Wave Power’s onshore technology offers a simplified deployment pathway that may accelerate the commercialization of wave energy projects globally.

The installation at AltaSea will continue to operate as an educational and demonstration facility, showcasing wave energy technology to policymakers, researchers, industry stakeholders and potential commercial partners.

Eco Wave Power believes that the successful completion of the Port of Los Angeles pilot establishes a technical and regulatory foundation for future commercial-scale wave energy deployments on breakwaters, port structures and other coastal infrastructure worldwide.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global (NASDAQ: WAVE) is a leading onshore wave energy company that converts ocean and sea waves into clean, reliable, and cost-efficient electricity using its patented and intelligent technology. By generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties, and piers, Eco Wave Power enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive infrastructure.

As global electricity demand continues to rise with the growth of artificial intelligence, digital infrastructure, and next-generation data centers – often referred to as “AI factories” – Eco Wave Power’s technology is designed to help provide renewable energy near shorelines where many data centers, industrial facilities, and population centers are located.

With a mission to accelerate the global transition to renewable energy while supporting the next generation of digital and industrial infrastructure, Eco Wave Power developed and operates Israel’s first grid-connected wave energy power station, recognized as a “Pioneering Technology” by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. In the United States, the Company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy.

Eco Wave Power is expanding globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. The Company has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and was honored with the United Nations Global Climate Action Award.

Eco Wave Power’s American Depositary Shares (ADSs) are traded on the Nasdaq Capital Market under the ticker symbol “WAVE.”

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For more information, please visit:
www.ecowavepower.com

Press inquiries:
info@ecowavepower.com

Note: Information available on or through the websites mentioned herein does not form part of this press release.

For more information, please visit: www.ecowavepower.com

For press inquiries, please contact: info@ecowavepower.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses the belief that the successful completion of the Port of Los Angeles pilot establishes a technical and regulatory foundation for future commercial-scale wave energy deployments on breakwaters, port structures and other coastal infrastructure worldwide. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will”, or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power’s control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with the SEC on March 12, 2026, which is available on the on the SEC’s website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

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FAQ

What did Eco Wave Power (WAVE) announce in this Form 6-K?

Eco Wave Power announced it submitted the final project completion report to Shell, successfully concluding their Port of Los Angeles wave energy pilot. The report confirms all technical and contractual milestones under the 2024 Pilot Test Agreement were achieved, completing the full scope of the program.

What was the purpose of Eco Wave Power’s Port of Los Angeles pilot?

The Port of Los Angeles pilot was designed to develop, install, and test an onshore wave energy system at AltaSea. It validated technical and operational performance under real marine conditions, while demonstrating that wave energy can be deployed using existing port infrastructure with limited environmental and construction impact.

How did Shell collaborate with Eco Wave Power (WAVE) on this project?

Shell and Eco Wave Power first completed a feasibility study of the U.S. coastline, identifying 77 promising sites. They then entered a 2024 Pilot Test Agreement for the Los Angeles installation, structured as a phased, milestone-based program with funding tranches tied to successful completion of defined deliverables.

Why is the Port of Los Angeles pilot important for Eco Wave Power’s future projects?

The pilot serves as a key reference installation, showing Eco Wave Power’s technology can operate safely and cost-effectively on existing coastal structures. The company believes the successful completion provides a technical and regulatory foundation for future commercial-scale deployments on breakwaters, port structures, and other coastal infrastructure worldwide.

What makes Eco Wave Power’s onshore wave energy technology different?

Eco Wave Power’s system is installed on existing coastal infrastructure such as breakwaters and piers, avoiding seabed anchoring, offshore construction, and subsea cabling. This onshore approach aims to simplify deployment, lower infrastructure needs, and produce renewable electricity close to coastal cities, ports, and energy-intensive facilities.

What project pipeline does Eco Wave Power (WAVE) report today?

Eco Wave Power reports a global project pipeline of 404.7 MW, with planned projects in Portugal, Taiwan, and India. These planned installations build on existing reference stations in Israel and the Port of Los Angeles to expand its onshore wave energy presence across multiple international markets.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE ISSUED BY ECO WAVE POWER GLOBAL AB (PUBL), DATED MARCH 31, 2026, T 24.1 KB