Eco Wave Power Global AB (NASDAQ: WAVE), a leader in onshore wave energy technology, announced that its EWP-EDF One pilot project at Jaffa Port in Israel produced more than 1,200 kWh of renewable electricity in March 2026. The generation occurred during approximately six days of moderate wave conditions ranging from 1 to 2 meters, showcasing the system's ability to efficiently convert common sea states into power.
The results underscore the technology's potential as a reliable energy solution for coastal infrastructure and the growing electricity demand from artificial intelligence and data centers. Since early 2025, the pilot has operated with zero downtime, demonstrating stable performance. This consistent output is critical as global electricity consumption rises with the expansion of digital infrastructure.
Eco Wave Power's patented technology converts ocean and sea waves into clean electricity using existing coastal structures such as breakwaters and piers. The company operates Israel's first grid-connected wave energy station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. In the U.S., it launched the first onshore wave energy pilot at the Port of Los Angeles with Shell Marine Renewable Energy.
With a project pipeline of 404.7 MW, Eco Wave Power is expanding globally into Portugal, Taiwan, and India. The company has received support from the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and won the United Nations Global Climate Action Award. For more details, visit the full press release at https://ibn.fm/oBa1x.
As AI and data centers drive energy demand, wave energy offers a renewable source near coastal population centers. Eco Wave Power's technology positions itself to support this need while accelerating the transition to clean energy. The company's American Depositary Shares trade on Nasdaq under "WAVE." Additional information is available at www.ecowavepower.com.
