Eco Wave Power Announces Closing of $3.0 Million Registered Direct Offering to Accelerate Commercial-Scale Wave Energy Deployment
Funding Announcement: Eco Wave Power Global AB has successfully closed a public offering of 300,000 American Depositary Shares at $10.00 each, raising gross proceeds of $3.0 million to support its wave energy projects, including a commercial-scale installation in Portugal.
Company Overview: Eco Wave Power is an innovator in onshore wave energy technology, recognized for its pioneering systems and global expansion plans, with ongoing projects in Israel, Los Angeles, Taiwan, and Portugal, supported by various prestigious institutions.
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EXCLUSIVE: Eco Wave Power Marks US Manufacturing Debut With Port Of Los Angeles Project
Manufacturing Deal Announcement: Eco Wave Power Global has signed a manufacturing agreement with All-Ways Metal, Inc. to produce floaters for its wave energy project at the Port of Los Angeles, with delivery expected in 70 days.
Regulatory Milestones and Project Impact: The project has received key regulatory approvals, paving the way for the first U.S.-based wave energy system, which aims to support local job creation and advance sustainable energy infrastructure.
EXCLUSIVE: Eco Wave Power Rides New Wave With LA Permit To Launch US Pilot Project
Permit Approval for Wave Energy Project: Eco Wave Power Global AB has received a Revocable Permit from the Port of Los Angeles to construct and demonstrate its wave energy system at Berth 70, marking a significant step in its U.S. expansion and enabling the start of construction on a pilot project co-funded by Shell Marine Renewable Energy.
Potential Impact of Wave Energy: The pilot project aims to advance clean energy technology and could serve as a model for future large-scale wave energy deployments, with the U.S. Department of Energy estimating that wave energy could generate enough power for approximately 130 million homes annually.
Eco Wave Power management to meet with Maxim
Meeting Announcement: A meeting hosted by Maxim will take place in Toronto on March 4-5.
Investment Insights: TipRanks offers tools to discover top-rated stocks and investment opportunities, including strong buy ratings from analysts.
EXCLUSIVE: Eco Wave Power 2024 Earnings: 22% Topline Growth, Narrows Operating Losses
Financial Performance: Eco Wave Power Global AB reported its first revenues of $393 thousand for the fiscal year ending December 31, 2024, marking a 21.7% increase from the previous year, while operating expenses decreased by 7% to $2.46 million.
Future Projects and Partnerships: The company plans to expand operations with new projects in the U.S., Portugal, and Taiwan, and has signed a memorandum of understanding with Bharat Petroleum Corporation Limited to develop wave energy projects in India.
Eco Wave Power management to meet virtually with Maxim
Virtual Meeting Announcement: A virtual meeting hosted by Maxim is scheduled for February 26, focusing on investment opportunities and stock analysis.
Eco Wave Power Developments: Eco Wave Power has signed a Memorandum of Understanding with Bharat Petroleum to develop wave energy projects in India and will showcase its technology at the India Energy Week 2025.
Eco Wave Power management to meet with Maxim
Maxim Meeting in Miami: A meeting hosted by Maxim is scheduled to take place in Miami on February 24.
Eco Wave Power Developments: Eco Wave Power has signed a memorandum of understanding with Bharat Petroleum to develop wave energy projects in India, and it will showcase its technology at India Energy Week 2025.
EXCLUSIVE: Eco Wave Power Marks US Manufacturing Debut With Port Of Los Angeles Project
Manufacturing Deal Announcement: Eco Wave Power Global has signed a manufacturing agreement with All-Ways Metal, Inc. to produce floaters for its wave energy project at the Port of Los Angeles, with delivery expected in 70 days.
Regulatory Milestones and Project Impact: The project has received key regulatory approvals, paving the way for the first U.S.-based wave energy system, which aims to support local job creation and advance sustainable energy infrastructure.
EXCLUSIVE: Eco Wave Power Rides New Wave With LA Permit To Launch US Pilot Project
Permit Approval for Wave Energy Project: Eco Wave Power Global AB has received a Revocable Permit from the Port of Los Angeles to construct and demonstrate its wave energy system at Berth 70, marking a significant step in its U.S. expansion and enabling the start of construction on a pilot project co-funded by Shell Marine Renewable Energy.
Potential Impact of Wave Energy: The pilot project aims to advance clean energy technology and could serve as a model for future large-scale wave energy deployments, with the U.S. Department of Energy estimating that wave energy could generate enough power for approximately 130 million homes annually.
Eco Wave Power management to meet with Maxim
Meeting Announcement: A meeting hosted by Maxim will take place in Toronto on March 4-5.
Investment Insights: TipRanks offers tools to discover top-rated stocks and investment opportunities, including strong buy ratings from analysts.
EXCLUSIVE: Eco Wave Power 2024 Earnings: 22% Topline Growth, Narrows Operating Losses
Financial Performance: Eco Wave Power Global AB reported its first revenues of $393 thousand for the fiscal year ending December 31, 2024, marking a 21.7% increase from the previous year, while operating expenses decreased by 7% to $2.46 million.
Future Projects and Partnerships: The company plans to expand operations with new projects in the U.S., Portugal, and Taiwan, and has signed a memorandum of understanding with Bharat Petroleum Corporation Limited to develop wave energy projects in India.
Eco Wave Power management to meet virtually with Maxim
Virtual Meeting Announcement: A virtual meeting hosted by Maxim is scheduled for February 26, focusing on investment opportunities and stock analysis.
Eco Wave Power Developments: Eco Wave Power has signed a Memorandum of Understanding with Bharat Petroleum to develop wave energy projects in India and will showcase its technology at the India Energy Week 2025.
Eco Wave Power management to meet with Maxim
Maxim Meeting in Miami: A meeting hosted by Maxim is scheduled to take place in Miami on February 24.
Eco Wave Power Developments: Eco Wave Power has signed a memorandum of understanding with Bharat Petroleum to develop wave energy projects in India, and it will showcase its technology at India Energy Week 2025.
