Eco Wave Power Global AB (publ)
ECOWVE.ST
Stockholm Stock Exchange4.30
SEK
-0.20
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Eco Wave Power Global AB (publ)
ECOWVE.ST
(Stockholm Stock Exchange)
Recent
price
4.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Eco Wave Power Global AB (publ) is a Sweden-based renewable energy company specializing in onshore wave energy technology that converts ocean and sea waves into clean, cost-efficient electricity using patented, intelligent wave energy converters installed on existing marine structures such as breakwaters, piers, and jetties. The company's core products and services include wave energy conversion systems that use floating point absorber devices to generate electricity, grid-connected wave energy projects, and technology deployment and operational maintenance of wave energy arrays. Founded in 2011 with headquarters in Tel Aviv, Israel, Eco Wave Power operates projects and has a growing pipeline totaling 404.7 MW in key global markets including Israel, the United States (notably the Port of Los Angeles), Portugal, Taiwan, and India. In the last 1-2 years, Eco Wave Power has achieved significant milestones including the launch of its first U.S. wave energy project at the Port of Los Angeles in 2025, strategic partnerships such as a collaboration with BladeRanger Ltd. for automated drone-based maintenance of wave energy systems, and infrastructure upgrades at its Portugal project aligned with local renewable energy targets. The company has also received recognition for innovation and sustainability, including the United Nations Global Climate Action Award and acknowledgment by TIME as one of the Best Inventions of 2025. Eco Wave Power’s growth is supported by funding from entities like the European Union Regional Development Fund, Innovate UK, and the European Commission's Horizon 2020 program, reflecting its expanding operational footprint and commitment to commercializing wave energy globally. Eco Wave Power's industry focus encompasses renewable energy generation through marine wave power technology, targeting coastal cities worldwide to provide predictable, environmentally sustainable, and scalable power solutions. The company’s strategic expansion into multiple continents coupled with its technological innovation positions it as a notable player in the clean energy sector with a unique contribution toward diversifying global energy sources away from fossil fuels. Eco Wave Power maintains its corporate headquarters in Tel Aviv, Israel, and its shares are traded on the Nasdaq Capital Market under the ticker WAVE.