Find out of what a country a small territory is doing in the production of clean energy

 

STOCKHOLM January 5, 2022 – Eco Power Wave Global AB (publ) (US Nasdaq: WAVE, NASDAQ Stockholm: ECOWVE) announced (“Eco Power Wave”) today the first set of floats and support structure for Eco’s network Power wave – The connected EWP-EDF One project has been delivered to the Jaffa Port project site in Israel, marking a key milestone in the development of this innovative wave power array.

“By delivering our first set of floats and support structures, we are making significant progress toward the first grid-connected wave power array facility in Israel,” said Inna Braverman, CEO of Eco Wave Power. “Preparation for the installation of the floats on the outer side of the Jaffa port breakwater is in the final stages and we are enjoying the prospect of being operational soon on the waves of the Mediterranean.”

The actual installation of the first set of floats and the surrounding test configuration infrastructure is expected to begin later this month, with system capacity and functionality tests to be conducted in the second quarter of this year.

Eco Wave Power delivered the floats and support structures to the project site with trucks, as opposed to the traditional use of expensive boats and divers to deliver equipment for offshore wave power installations. This further emphasizes the simplicity of nature on land in the work scheduling of Eco Wave Power float shipping and installation technology.

“Our goal is to generate electricity during the third quarter of this year,” added Ms. Braverman. “This is a key milestone in the overall development of Eco Wave Power technology, and the results are expected to allow us to take important steps toward commercial deployment of our pioneering technology.”

When completed, the EWP-EDF One wave power project will include 10 floats connected to a conversion unit, which is already installed on site. The conversion unit An EWP-FED is located on land, similar to a normal power station, allowing easy access for operation and maintenance. This highlights the significant advantages of EWP onshore technology compared to offshore solutions.

The floats and support structures were built in Israel by Lesico, who has more than 50 years of experience in providing engineering services, construction, operation and maintenance of infrastructure works, while conducting the research and development of cleantech technologies.

“Our company has significant experience working with cleantech technologies in the water and desalination sectors,” said Eran Sidi, Lesico’s chief operating officer. “As a result, we believe that we will have significant added value in the production of the floating mechanisms for Eco Wave Power. In addition, Lesico has a mission to participate in the provision of innovative renewable energy services, which will help the global fight against climate change. feeling that we are taking an important role through our participation in the first grid – connected wave energy project in Israel, while adding a new market segment to Lesico’s portfolio. “

About Eco Wave Power Global AB 

Eco Wave Power is a leading onshore wave power technology company that developed a cost-effective, smart and proprietary technology to convert ocean and sea waves into green electricity. Eco Wave Power’s mission is to help fight climate change by enabling commercial energy production from the ocean and ocean waves.

Eco Wave Power is recognized as a “Pioneer Technology” by the Israel Ministry of Energy and was labeled an “Efficient Solution” by the Solar Impulse Foundation. The Eco Wave Power project in Gibraltar has received funding from the European Union Regional Development Fund and the European Commission’s Horizon 2020 framework program. The company has also received the United Nations ‘Global Climate Action Award’.

Eco Wave Power’s common shares (ECOWVE) are traded on Nasdaq First North and its ADSs (WAVE) are traded on the Nasdaq Capital Market.

Valor Values ​​of the company is certified Advisor (+46 8 580 065 99, ca@vatorsec.se).

Read more about Eco Wave Power at: www.ecowavepower.com.

The information on or accessible through the aforementioned website is not part of this press release.

For more information, get in touch, not without first giving credit to elconstructor10.mx

Inna Braverman, Executive Director inna@ecowavepower.com +97235094017

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