Eco Wave Power Global AB reported that its EWP-EDF One pilot project at Jaffa Port in Israel generated more than 1,200 kWh of renewable electricity during March 2026. The production occurred during approximately six days of moderate wave conditions ranging from 1 to 2 meters, highlighting the system's ability to efficiently convert commonly occurring sea states into power. These results reinforce the technology's potential as a reliable energy solution for coastal infrastructure and AI-driven data center demand while continuing to demonstrate stable, zero-downtime operations since early 2025.
The company operates Israel's first grid-connected wave energy power station, which has been recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. Eco Wave Power's patented technology converts ocean and sea waves into clean, reliable, and cost-efficient electricity by generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties, and piers. This approach enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive infrastructure.
As global electricity demand continues to rise with the growth of artificial intelligence, digital infrastructure, and next-generation data centers, Eco Wave Power's technology is designed to help provide renewable energy near shorelines where many data centers, industrial facilities, and population centers are located. The company's mission is to accelerate the global transition to renewable energy while supporting the next generation of digital and industrial infrastructure.
In the United States, the company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy. Eco Wave Power is expanding globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. The company has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and was honored with the United Nations Global Climate Action Award.
Eco Wave Power's American Depositary Shares are traded on the Nasdaq Capital Market under the ticker symbol "WAVE." The company's website at https://www.ecowavepower.com provides additional information about its technology and projects. The March 2026 production results from Jaffa Port demonstrate the practical application of wave energy technology and its potential to contribute to renewable energy portfolios in coastal regions worldwide.
