Eco Wave Power, a developer of onshore wave energy technology, teased that it will sign its first collaboration agreement with a Fortune 500 Indian company for a pilot project at India Energy Week 2025, taking place from February 11-14, 2025, in New Delhi, India.
The pilot project with the currently unnamed company is planned for Maharashtra, India.
India Energy Week, held under the patronage of the Ministry of Petroleum and Natural Gas of India, is the country’s flagship energy event, bringing together global industry leaders, policymakers, and innovators to discuss the future of energy. The event has previously been inaugurated by the Honorable Prime Minister Narendra Modi.
Eco Wave Power will present its wave energy generation model at the exhibition, allowing visitors to experience firsthand how the company’s patented onshore wave energy technology converts ocean waves into electricity. The model has been specially shipped to New Delhi, India for this event.
“With a coastline of 7,516 km and over 250 million people living along the shore, India has a unique opportunity to place wave energy at the forefront of its renewable energy strategy,” said Inna Braverman, founder and CEO of Eco Wave Power. “We are excited to showcase our technology at India Energy Week and to take this historic first step toward implementing Eco Wave Power’s technology in India.”
Alongside India Energy Week, Inna Braverman will also speak at the 9th Annual Global Business Summit (GBS), scheduled for February 14-15, 2025, in New Delhi, India. Organized by The Times Group, India’s largest media conglomerate, GBS is one of Asia’s premier business forums, bringing together global leaders, policymakers, and visionaries to shape new narratives in business, policy, and sustainability.
Past editions of GBS have hosted prominent figures such as Bill Gates (Microsoft), Ray Dalio (Investor), Dara Khosrowshahi (Uber), Steve Wozniak (Apple), and India’s Prime Minister, the Honorable Narendra Modi. The 2025 theme, “Evolve, Emerge, Expand”, will focus on fostering meaningful dialogue in the fields of renewable energy, business, and global economic growth.
Eco Wave Power makes waves
Eco Wave Power is also advancing additional projects globally, including upcoming initiatives in Taiwan and the Port of Los Angeles. Moreover, the company said it plans to announce new projects in additional countries, further expanding its footprint in the wave energy sector and reinforcing its position as a leader in renewable energy innovation.
In November 2024, Eco Wave Power released its Q3 2024 results, highlighting a power station sale in Taiwan, a milestone in an Israel-based project, a share buyback, and more. In the first nine months of 2024, Eco Wave Power said it achieved several milestones, in addition to reducing expenses from the second quarter to the third quarter of 2024 by 10%.
In Taiwan, Eco Wave Power signed a first wave energy project sale agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat Company, a maritime engineering company, to bring wave energy technology to Taiwan. Under the agreement, I-Ke will fully finance a 100KW pilot wave energy project by purchasing a turnkey conversion unit from Eco Wave Power, which includes hydraulic, electric, and automated control components. I-Ke will oversee the project’s local components, including the production of floaters, hydraulic cylinders, and all other components of the technology, which are located on the seaside of the marine structure. Additionally, I-Ke is responsible for securing permits, land use approvals, and other necessary licenses.
In Israel, in early September 2024, an advanced automation system was implemented at the company’s EWP-EDF One Project at the Port of Jaffa. The company said this new system enables power generation from waves as low as 0.4m, improves operational data accuracy, and enhances system safety. In the third quarter of 2024, EDF-EWP One concluded its first operations and maintenance year with operating expenses (OPEX) amounting to only 3.66% of the CAPEX, successfully meeting the target of less than 4%, Eco Wave Power said. The EWP-EDF One Project at the Port of Jaffa has been supplying wave-generated energy to the Israeli national electrical grid since its connection in late 2023.
In Los Angeles, California, Eco Wave Power recently received the final Nationwide federal Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy project at AltaSea’s premises in the Port of Los Angeles. This wave energy project is set to become the first onshore wave energy installation in the United States. The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorizes Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One. 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 to the site, Eco Wave Power plans to complete installation by the end of Q1 2025.
