Eco Wave Power - The Sustainable Markets Initiative

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Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from sea and ocean waves. The technology allows for the generation of renewable energy, by attaching floaters to the external side of existing marine structures (such as: breakwaters, piers, jetties, and other types of marine structures), which are usually owned by ports.

The company currently holds a 254MW project pipeline and is are operating in Gibraltar the only wave power station in the world that is selling electricity to the grid through a PPA, in addition, EWP has a station in Israel that is being expanded in partnership with the EDF. Eco Wave Power is currently interested in additional potential collaborations with ports around the world, for the installation of its unique wave energy technology.

Eco Wave Power is currently looking to work with suitable ports around the world to provide a technological solution for carbon footprint reduction. In addition to creating a new source of revenue for the port by using the marine infrastructures which are only used for the port’s protection, for clean electricity production.

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