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Eco Wave Power Global ( (WAVE) ) has provided an update.
Eco Wave Power Global has achieved a significant milestone in its wave energy project in Porto, Portugal, by engaging MOQ Engineering to finalize the design and load calculations, moving towards a 2026 launch. This project, part of a 20 MW Concession Agreement, combines Eco Wave Power’s innovative technology with an underwater wave energy museum, aligning with Portugal’s renewable energy targets. The completion of this stage will lead to the production of necessary components, marking a crucial step in commercializing this technology globally, while also contributing to job creation and carbon footprint reduction in the port.
More about Eco Wave Power Global
Eco Wave Power is a pioneering company in the onshore wave energy sector, known for its patented technology that transforms sea waves into sustainable electricity. The company is globally expanding, with grid-connected projects in Israel, and upcoming installations in Taiwan, the Port of Los Angeles, and Portugal, boasting a project pipeline of 404.7 MW. Eco Wave Power has received recognition and support from major institutions, including the European Union Regional Development Fund and the United Nations’ Global Climate Action Award.
YTD Price Performance: -17.43%
Average Trading Volume: 121,342
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $53.88M
For detailed information about WAVE stock, go to TipRanks’ Stock Analysis page.
