An update from Eco Wave Power Global ( (WAVE) ) is now available.
Eco Wave Power Global AB announced the commencement of infrastructure enhancements for its 1MW wave energy project in Porto, Portugal, on February 27, 2025. This project, expected to be completed by 2026, involves transforming an existing breakwater tunnel into a facility for wave energy conversion equipment and an educational center. The enhancements include sand and debris removal, structural reinforcements, and waterproofing measures. The project supports Portugal’s renewable energy strategy and serves as a model for global expansion. Eco Wave Power has appointed Juan José Gómez as Power Station Manager and engaged MOQ Engineering for design and load calculations, underscoring its commitment to delivering a scalable wave energy solution.
More about Eco Wave Power Global
Eco Wave Power Global AB is a leading company in the onshore wave energy sector, known for its innovative technology that converts ocean and sea waves into sustainable electricity. The company operates the first grid-connected wave energy system in Israel and is expanding globally with projects in locations such as the Port of Los Angeles, Taiwan, and Portugal. Eco Wave Power has received support from prestigious institutions and has been recognized with the United Nations’ Global Climate Action Award.
YTD Price Performance: -29.76%
Average Trading Volume: 72,026
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $45.84M
For detailed information about WAVE stock, go to TipRanks’ Stock Analysis page.