What does Eco Wave Power do?

Eco Wave Power (EWPG Holding AB) is a Swedish company founded in 2011, with its roots in Tel Aviv, Israel. The company specializes in patented onshore wave energy technology that converts ocean and sea waves into green electricity. Its innovative systems target man-made marine structures such as breakwaters and jetties, enabling the generation of clean and affordable electricity. Eco Wave Power's technology utilizes floating devices to capture wave motion, producing electricity even from small waves, while ensuring safety during storms through automated systems. The company operates a project pipeline of 404.7 MW across nine regions and has established itself with significant projects, including Israel's first grid-connected wave energy project at Jaffa Port and a pilot project in Gibraltar. Eco Wave Power is also expanding its presence in the U.S. with the first onshore wave energy project at the Port of Los Angeles, alongside upcoming installations in Taiwan and Portugal. The company has received recognition for its efforts, including the United Nations “Global Climate Action Award,” and trades its American Depositary Shares on the Nasdaq Capital Market.