Eco Wave Power Global Ab (WAVE) has released an update.
Eco Wave Power Global AB has reported a reduction in operating expenses by 3.5% in Q1 2024 and advancements in its wave energy projects in Israel, the US, and Portugal, aiming to boost revenues by offering turnkey wave energy solutions. The company’s Israeli project is already delivering clean energy, while the US project awaits final licensing and the Portuguese project moves to construction. With a strengthened engineering team and business development efforts, particularly in the US, Eco Wave Power is poised for financial growth and accelerated project delivery.
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