Highlights
About
Wave Energy Conversion Systems
Eco Wave Power develops and operates wave energy conversion systems to generate electricity from ocean waves. The company's technology uses floating platforms with hydraulic pumps that convert the up-and-down motion of ocean waves into pressurized fluid, which drives turbines to generate electricity. The company aims to provide clean and renewable energy solutions to coastal communities.
Eco Wave Power's technology was named a pioneering technology by Israel's Ministry of Energy and an efficient solution by the Solar Impulse Foundation. Its project in Gibraltar has received funding from the European Union Regional Development Fund and from the European Commission's Horizon 2020 framework program.
The company was also the recipient of the Europe New Product Innovation Award by Frost & Sullivan in 2012 and a United Nations Global Climate Action Award in 2019.
Identity
| Name | Eco Wave Power |
|---|---|
| Slug | eco-wave-power |
| Type / kind | startup |
| Crunchbase ID | eco-wave-power |
| Source _id | agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6uscAKDA |
Status
| Status | active |
|---|---|
| Status reason | Public on NASDAQ on Jul, 2022<br> |
| Last update | 2026-05-17 |
Location
| HQ country code | IL |
|---|---|
| HQ region/district | Center District |
| HQ city | Tel Aviv-Yafo |
| HQ address | Derech Menachem Begin 52, Tel Aviv-Yafo, Israel |
Web & social
Classifications
Funding
| Total raised | $23.5M |
|---|---|
| Current stage | Public |
| Market cap | $34.0M |
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