Eco Wave Power Global AB (publ) (NASDAQ:WAVE) develops and commercializes technology that harnesses the energy of ocean and sea waves to generate electricity. The company’s modular, floating wave energy converters attach to existing maritime structures such as breakwaters and piers, converting vertical wave motion into electrical power through hydraulic systems and generators. This approach is designed to minimize environmental impact while delivering a predictable renewable energy source.
Founded in 2011 by CEO Inna Braverman, Eco Wave Power has secured patent protection for its core wave energy technology and completed its first grid-connected installation in Gibraltar in 2016. Since then, the company has advanced its research and development efforts, undertaking pilot projects and feasibility studies in various coastal regions to validate performance under different wave conditions and to refine its system design for large-scale deployment.
Eco Wave Power offers end-to-end solutions, including site assessment, engineering design, equipment supply, installation, and ongoing operations and maintenance services. The company’s business model combines direct project development with licensing and strategic partnerships, enabling it to adapt to the specific needs of municipal utilities, private energy producers, and marine infrastructure owners.
With a focus on sustainable and carbon-free power generation, Eco Wave Power serves markets in Europe, the Middle East, and other coastal regions seeking to diversify their renewable energy mix. Under the leadership of Inna Braverman and an experienced management team, the company aims to scale its wave energy technology and contribute to global efforts to reduce reliance on fossil fuels.
