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Eco Wave Power Global ( (WAVE) ) has shared an update.
Eco Wave Power has announced the successful 24/7 operation of its EWP-EDF One wave energy project at Jaffa Port, Israel, even under stormy conditions. This milestone illustrates the reliability and potential of wave energy as a consistent, renewable power source. The achievement not only highlights the scalability and robustness of Eco Wave Power’s technology but also strengthens the company’s position in the renewable energy sector. Furthermore, Eco Wave Power is advancing its global expansion with upcoming projects in Los Angeles, Taiwan, and Portugal, showcasing its commitment to accelerating the global transition to clean energy.
More about Eco Wave Power Global
Eco Wave Power Global AB is a leading company in onshore wave energy, utilizing patented technology to convert ocean and sea waves into sustainable electricity. The company is recognized for its pioneering technology, which is supported by institutions like the European Union Regional Development Fund and has received accolades such as the United Nations’ Global Climate Action Award. Eco Wave Power operates the first grid-connected wave energy system in Israel and is expanding globally with projects in the Port of Los Angeles, Taiwan, and Portugal, totaling 404.7 MW in its project pipeline.
YTD Price Performance: -25.85%
Average Trading Volume: 119,186
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $48.39M
For a thorough assessment of WAVE stock, go to TipRanks’ Stock Analysis page.
