Eco Wave Power

Eco Wave Power (Nasdaq: WAVE) is pleased to announce that Eco Wave Power and EDF Renewables Israel Renewables IL, in collaboration with the Tel Aviv Yafo Municipality and the municipal company Atarim, will inaugurate Israel's first pilot station for generating electricity from sea waves on Thursday, December 5, at Warehouse 2 in Jaffa Port. This groundbreaking global project combines innovation, sustainability, and the fight against climate change. The launch marks a significant step toward reducing greenhouse gas emissions and advancing sustainable energy, reinforcing Tel Aviv-Yafo’s status as a global innovation leader.   The event will include a formal inauguration by Tel Aviv-Yafo Mayor Ron Huldai, followed by a reception at Warehouse 2 in Jaffa Port with senior energy officials, investors, and strategic partners.   The Eco Wave Power project was built in collaboration with EDF Renewables IL, supported by the Chief Scientist of the Ministry of Energy (which recognized the company’s technology as “Pioneering Technology”) and Tel Aviv-Yafo Municipality.   In this unique project, for the very first time, electricity generated from sea waves is supplied to the national grid—a historic milestone in Israel’s renewable energy journey.   "The launch of Israel's first wave energy power plant is more than just a technological achievement—it's a powerful statement about the future we envision. This project at Jaffa Port represents a historic milestone in the global renewable energy journey, proving that sea waves can be a viable, clean, and consistent source of electricity. We are proud to collaborate with EDF Renewables IL, Tel Aviv-Yafo Municipality, and Atarim to place Israel at the forefront of wave energy innovation. Together, we are creating a new wave of possibilities in the fight against climate change.". Said Inna Braverman, Founder and CEO of Eco Wave Power   "We are happy to support the advancement of innovative technologies through collaboration with Israeli startups and companies, to diversify clean energy solutions. Our partnership with Eco Wave gave birth to a unique pilot that harnesses wave energy to produce clean electricity. We have a strong interest in assessing the potential of this new technology, as part of the broad interest of EDF Group for marine energies." Said Ayalon Alain Vaniche, CEO of EDF Renewables Israel.   For the full press release please see the following link: https://lnkd.in/dffZTYeD   For more information about the event: Alina@ecowavepower.com   In the photos: 1. official photo of the EWP-EDF One project in the Port of Jaffa Israel. 2. Mayor of Tel Aviv Yafo, Ron Huldai, awarding Inna Braverman, CEO of Eco Wave Power with an honorary certificate for the project, as part of the Women for Climate Initiative by C40 Cities.  

Dear Shareholders,   As we move through the first nine months of 2024, we are pleased to report that co Wave Power (Nasdaq: WAVE) continues to demonstrate both financial discipline and operational resilience. Our commitment to maintaining a lean cost structure has allowed us to preserve a strong position, while reducing our operating expenses by 10% compared to the prior quarter of 2024.   We have made notable progress across our key projects, with significant milestones achieved in our global operation: At the Port of Jaffa in Israel, we experienced exceptional results from the EWP-EDF Renewables Israel One project, by reaching 0% downtime and reaching 83% of our energy generation target. An official opening ceremony for the project will be held on December 5th, 2024.   In the Port of Los Angeles, we have received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for our groundbreaking wave energy project. With the conversion unit already shipped to the site, Eco Wave Power plans to complete installation by the end of Q1 2025.   In addition to our ongoing projects, we are excited to announce the signing of our first turnkey wave energy deal in Taiwan. This marks a significant step forward in our strategy to sell wave energy projects to third parties. The Taiwanese deal has already sparked interest from several global companies seeking to replicate this deal structure. We are confident that this deal structure will fuel growth in Eco Wave Power’s presence in the global wave energy market and further enhance our revenue potential.   We are also pleased to update our shareholders on the progress of our American Depository Shares repurchase program. We already commenced purchases in September 2024 and plan to continue these repurchases in the upcoming open window, in November to December 2024. We believe that this initiative will enhance shareholder value by improving the Company’s capital structure and providing our leadership with greater flexibility to execute on strategic priorities.   While there is uncertainty surrounding the fate of the Inflation Reduction Act (IRA) with the return of President-elect Donald Trump, we believe that states, especially California, will continue to play a pivotal role in advancing clean energy initiatives. We believe that the momentum toward renewable energy is undeniable, and we are confident that this progress will continue, regardless of the political landscape.   As we navigate the remainder of 2024, Eco Wave Power remains steadfast in its mission to lead the way in wave energy technology. We are committed to executing on our strategic initiatives, expanding our global footprint, and creating long-term value for our shareholders.   For additional information and the full Q3 report, please see the following link: https://lnkd.in/dayn73UQ

Eco Wave Power (Nasdaq: WAVE) is pleased to announce that we have received the final @Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for our groundbreaking wave energy project at AltaSea at the Port of Los Angeles’s premises at the Port of Los Angeles. This milestone marks a significant step forward in the development of Eco Wave Power’s pioneering wave energy project, which is set to become the first onshore wave energy installation in the United States. The permit, authorizes Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure. The system will also include an energy conversion unit, comprised of two 20-foot shipping containers, which will be placed on the wharf deck and connected to the floaters. With the conversion unit already shipped and located on site, Eco Wave Power plans to complete installation by the end of Q1 2025.  Also, with the permit in place, Eco Wave Power and Shell MRE will enter the execution phase of the project, as per the pilot development agreement which was signed by the parties earlier this year.  . “We are thrilled to receive this final permit and move one step closer to bringing wave energy to the U.S.,” said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power. “This project represents not only a technological breakthrough but also a crucial step in advancing the global transition to renewable energy. We are deeply grateful for the support of AltaSea, the Port of Los Angeles, Shell MRE, and the U.S. Army Corps of Engineers as we work to make wave energy a key part of the sustainable energy landscape. See more information in the following link: https://lnkd.in/dCwVd8zU #WaveEnergy #RenewableEnergy #EcoWavePower #SustainableEnergy #CleanEnergy #PortOfLosAngeles #AltaSea #USArmyCorpsOfEngineers #OnshoreWaveEnergy #WaveEnergyTechnology #EnergyInnovation #GreenEnergy #ClimateAction #ShellMRE #EnergyTransition #InnovativeEnergy #RenewableFuture #SustainableDevelopment

We are excited to announce that on November 17 (this upcoming Sunday) Inna Braverman, Founder and CEO of Eco Wave Power (Nasdaq: WAVE), will give a TEDx talk at MIT (Massachusetts Institute of Technology) titled “Riding the Wave to a Sustainable Future: The Next Chapter in Clean Energy". This event will gather the brightest and most innovative minds in Boston, activating the MIT campus across three prominent venues: the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) , the newly inaugurated MIT Museum, and the esteemed MIT Sloan School of Management . TEDxBoston Planet Action event serves as a vital platform that connects groundbreaking ideas and solutions for the planet with a community of the world’s leading change-makers. Don’t miss this exceptional opportunity to discover the transformative potential of wave energy! You can still register to the event , at no charge, in the following link: https://lnkd.in/d43RMngM Full agenda and further info are available in the following link: https://lnkd.in/dzzNK8di  Forbes Davey B, John Werner, Caty Byerly Rezendes, Alison Sander Hinano Murphy, Tetiaroa Society, Vanessa Z Chan, U.S. Department of Energy (DOE), Beth Rattner, The Biomimicry Institute, Jean Oelwang, Virgin Unite, Bernardo Strassburg, re.green, Peter Malinowski, Billion Oyster Project, Maria Ivanova, Northeastern University, Terry Collins, Carnegie Mellon University, Roger Berry, Nate Matthews-Trigg, MPH, NMCEM, CEM, Americares, Candace Fatima Vahlsing, USAID, Briana Kobor, Google, Putnam Investments, Pedro Henriques da Silva, Sierra Club Foundation, Jennifer Turliuk, Martin Trust Center for MIT Entrepreneurship. #TEDxBoston #PlanetAction #WaveEnergy #CleanEnergy

We are proud to announce that Inna Braverman, Founder and CEO of Eco Wave Power (Nasdaq: WAVE) was chosen by Business Insider as one of the 15 Top Global Innovators, Powering Green solutions. The climate crisis is having profound effects across the globe, from more intense heat waves and drought to catastrophic floods and wildfires. Solving the crisis requires aggressive action across industries like energy, transportation, agriculture, and finance. These industries need new solutions to slash greenhouse-gas emissions and become more resilient to a warming world. Business Insider asked Inna and each honoree to tell about their approach to building a sustainable future, as well as the actions that the Business Insider readers can take to help solve the climate crisis. Please see their responses and the full list of the Top Global Innovators for 2024 in the following link :https://lnkd.in/djQY-V3z Derya Baran Charles Callaway Juan Carlos Navarro Reinhold Gallmetzer Roberta G. Cynthia Houniuhi Ari Matusiak Duncan McIntyre Roishetta Sibley Ozane, M.S. Ozane Elizabeth (Liz) Ricketts Series editors: Lily Katzman Jean Paik #Innovation #GreenSolutions #EcoWavePower #WaveEnergy #Sustainability #ClimateCrisis #CleanEnergy #RenewableEnergy #SustainableFuture #GreenTech #GlobalInnovators #ClimateAction #EnergyInnovation #BusinessInsider #InnaBraverman #ClimateSolutions

Eco Wave Power Global (Nasdaq: WAVE) announced today the appointment of Ran Atias as Vice President of Engineering for the Eco Wave Power Group.   Ran joins Eco Wave Power with a broad experience in the management of high-complexity mega projects, driving R&D, and managing diverse engineering teams, and has demonstrated success in product scaling a cross a variety of industries, including the automative, defence and robotics industries.    Inna Braverman, Founder and CEO of Eco Wave Power stated: “Ran brings an agile spirit to product and engineering teams. I believe that by challenging the status quo, he will be able to increase engineering efficiency and accelerate project delivery timelines. This will enable Eco Wave Power to execute more projects- faster, which will drive the company’s worldwide growth”.   “Thus far, Eco Wave Power has executed two grid connected projects (in Gibraltar and in Israel, in Collaboration with EDF Renewables Israel ) and is currently moving forward with its third, fourth and fifth projects in parallel.   We have officially kicked-off the development and implementation of our first U.S.-based project in the Port of Los Angeles (with co-investment from Shell MRE), Taiwan (as part of a sale agreement entered with I-Ke International Ocean Energy Co) and in Portugal (our first commercial project).   As we plan to add more projects into our execution plans in the upcoming months, and enhance the company’s revenues, I believe that Ran will have a strategic value for achieving the company’s goals” added Braverman   This strategic addition to its executive team underscores Eco Wave Power’s unwavering commitment to driving innovation and leadership within the wave energy industry, while accelerating the delivery of projects. For further information, please see the following link:  https://lnkd.in/dkAqE8Ax #EcoWavePower #WAVE #RenewableEnergy #WaveEnergy #SustainableTech #CleanEnergy #EngineeringExcellence #Innovation #GreenTechnology #ProjectManagement #Leadership

We are glad to announce that yesterday, Inna Braverman, Founder and CEO of Eco Wave Power (Nasdaq: WAVE) was presented with The Hall of Fame Award, by the The Red Shoe Movement,at MetLife building in New York. Inna shared the stage with the inspiring maribel Lieberman- Founder & CEO of MarieBelle New York Both shared their experience as female entrepreneurs. The Red Shoe Movement Hall of Fame honors men and women who know that shared power not only means a more equitable workplace and society, but it also means better return on investment, more employee engagement, and less risk for investors. Please see further information in the following link: https://lnkd.in/eXPQuwuP Mariela Dabbah (she/her/ella) #RedShoeMovement #WomenInLeadership #CleanEnergy #Leadership #mariebelle #IfShoesCouldTalk #MetLife #NYC

We are proud to announce that Inna Braverman, Founder and CEO of Eco Wave Power (Nasdaq: WAVE) will be honoured with the “International Innovators Award” recognizing Change Makers for Good, on this upcoming Friday (October 25th), in Bay Area, California. She will be recognized along with impressive awardees, including Dr. Bart Fisher, a two-time Nobel Peace Prize nominee and Gordon H.M. Tapper, Former United Nations Admin. More information about the Awards Gala is available in the following link: https://lnkd.in/dgKZaMWk You can also join the event via Zoom: https://lnkd.in/dYntfnhY Meeting ID: 839 0320 5524 Passcode: 3vfLnQ #AwardsGala #Innovation #Sustainability #BayAreaEvents #ClimateAction #RenewableEnergy #WomenInLeadership #ImpactAwards #HonoringInnovators #eventbrite

While in Mumbai, India, it was our CEO’s great pleasure to meet with representatives from the Fortune 500 petroleum company- Bharat Petroleum Corporation Limited, and with the CEO of TATA Power, Dr. Praveer Sinha. She has presented both companies with the groundbreaking technology of Eco Wave Power (Stock Symbol: WAVE) and discussed the path towards a first pilot in India. We are looking forward to implementing our innovative technology in new countries, such as India, which enjoys a booming economy and significant need for clean electricity! #CleanEnergy #WaveEnergy #India #TataPower #BharatPetroleum #Sustainability #RenewableEnergy #GreenTechnology #Innovation

Yesterday, It was Inna’s great pleasure to meet with Kobbi Shoshani🇮🇱 , Consul General of Israel in Mumbai. Kobbi and his team support Eco Wave Power (Nasdaq: WAVE) in our entry to the Indian Market, by introducing us to leading companies such as Adani Group, Tata Group and others. We are very excited about our future in India, and are grateful to Kobbi for his hard work and dedication🙏 More positive updates from my visit to India will be coming soon…🇮🇳🇮🇳🇮🇳 #India #Israel #Mumbai #CleanEnergy #Sustainability #GreenTechnology #Adani #TATA #InternationalRelations #MarketEntry #Innovation #ConsulateGeneral #Collaboration #FutureOfEnergy #PositiveImpact #WaveEnergy #RenewableEnergy #EnvironmentalLeadership