Eco Wave Power Global AB (publ)
Eco Wave Power Global AB (publ) develops and operates onshore wave-energy systems that convert ocean and sea waves into electricity using patented technology installed on existing coastal infrastructure such as breakwaters, jetties, and piers. The company is headquartered in Tel Aviv, Israel, is publicly traded on Nasdaq Capital Market under the ticker WAVE, and has pursued projects across Israel, the United States, Europe, and selected Asia-Pacific markets.
Business
Share of revenuePatented hardware and conversion systems that turn wave motion into electricity at coastal sites.
Engineering, permitting, and deployment work for new wave-energy installations.
Small-scale installations used to validate performance, integration, and commercial viability.
Ongoing technical support and operational services for installed wave-energy assets.
Customers
The company’s direct customers and counterparties are typically ports, coastal infrastructure owners, utilities, government-linked energy bodies, and strategic partners involved in renewable-energy deployment. It also works with marine renewable-energy collaborators and public-sector programs that support pilot projects and commercialization. Demand is driven by customers seeking nearshore renewable power that can be sited on existing coastal structures without requiring large offshore installations.
Buy pilot or commercial wave-energy systems for breakwaters, piers, and harbor infrastructure to generate on-site renewable power.
Purchase or offtake electricity from grid-connected wave stations for renewable supply diversification.
Support demonstration projects and research-linked deployments that advance marine renewable energy.
Collaborate on pilots, technical validation, and commercialization of wave-energy assets.
Strategy
Eco Wave Power’s strategy is to commercialize onshore wave energy by using existing coastal infrastructure, which lowers siting complexity versus offshore renewable projects. The company is building credibility through reference installations, strategic partners, and government or EU-backed programs, while expanding its pipeline into multiple geographies.
Operational pilots help prove reliability, bankability, and grid integration for wave energy.
A broader pipeline increases the chance of converting development activity into future installations.
External sponsorship can reduce commercialization risk and improve market acceptance.
Geography
Eco Wave Power is anchored in Israel, where it developed and operates the country’s first grid-connected wave-energy power station. It is also active in the United States through a pilot station at the Port of Los Angeles, and it has projects planned in Portugal, Taiwan, and India, reflecting a globally distributed project pipeline.
Risks
The business depends on successful commercialization of a still-emerging generation technology, so project execution and technical performance risk are central. It also faces funding, permitting, and customer-adoption risk because wave-energy projects are site-specific, capital-intensive, and often depend on public or strategic support before scaling commercially.
- Technology commercialization riskImpact: HighLikelihood: High
The company operates in a niche renewable category that must prove durability, output, and economics at scale.
Exposure: Wave-energy systems and pilot deployments
- Project execution and permitting delaysImpact: HighLikelihood: High
Deployments depend on coastal infrastructure access, approvals, and third-party coordination.
Exposure - Financing and dilution riskImpact: HighLikelihood: High
Project development and commercialization can require external capital before recurring revenue scales.
Exposure: Development pipeline and working capital
- Customer and partner concentrationImpact: MediumLikelihood: Medium
Early-stage renewable projects often rely on a limited number of strategic counterparties and sponsors.
Exposure: Pilot stations and development agreements
Accounting
Judgemental itemsManagement must decide which engineering and development costs are expensed versus capitalized.
Impact: Can materially affect operating loss and asset balances
Pilot projects and deployment agreements may recognize revenue at different project milestones.
Impact: Affects quarter-to-quarter comparability
The company reports across multiple jurisdictions and records translation differences in equity.
Impact: Can move comprehensive income and equity
New presentation rules can alter how income statement lines are grouped and disclosed.
Impact: Impacts comparability and analytical presentation
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Last updated: 28/09/2026