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, operating during approximately six days of moderate wave conditions ranging from 1 to 2 meters. The results highlight the system's ability to efficiently convert commonly occurring sea states into power, reinforcing its 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'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.
Eco Wave Power developed and operates Israel's first grid-connected wave energy power station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. 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. Additional information about the company's technology and projects is available at https://www.ecowavepower.com.
The company is expanding globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. Eco Wave Power 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. The company's American Depositary Shares are traded on the Nasdaq Capital Market under the ticker symbol "WAVE."
The March production results from the Jaffa pilot project demonstrate the practical application of wave energy technology in real-world conditions. By generating electricity from moderate wave heights commonly found in coastal areas, the system shows potential for consistent renewable energy production without requiring extreme ocean conditions. This development comes at a critical time as coastal regions worldwide seek reliable, clean energy sources to power growing infrastructure demands while reducing carbon emissions.
