Eco Wave Power signs MOU with Bharat Petroleum to develop wave energy projects

Eco Wave Power (WAVE) Global announced earlier that it signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited during India Energy Week 2025. This agreement marks a pivotal step in introducing wave energy as a key component of India’s renewable energy strategy, the company said in a statement, adding that the collaboration aligns with India’s Ministry of New and Renewable Energy’s recognition of ocean energy as a promising renewable resource, with an estimated 40,000 MW of untapped potential along the country’s coastline. Under this MoU, Eco Wave Power and BPCL will jointly develop wave energy projects across India, beginning with a feasibility study. The first phase will include the deployment of a 100 kW pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country. BPCL will oversee regulatory approvals, permits, and land use consents, while Eco Wave Power will provide its patented wave energy conversion technology, conduct research, and optimize power generation efficiency.