Eco Wave Power Expands Global Wave Energy Projects

Eco Wave Power Global Ab ( (WAVE) ) has released its Q1 earnings. Here is a breakdown of the information Eco Wave Power Global Ab presented to its investors.

Eco Wave Power Global AB, a pioneering onshore wave energy technology company, is making strides in the renewable energy sector by converting ocean waves into sustainable electricity. The company is recognized for its innovative approach and commitment to combating climate change, with projects spanning across multiple continents.

In its latest earnings report for Q1 2025, Eco Wave Power highlighted a reduction in net loss by 4.2% compared to the previous year, alongside significant project developments in the United States, Portugal, Asia, and Israel. The company maintains a strong financial position with $8.8 million in cash and short-term deposits.

Key achievements include securing final permits and commencing construction for its first U.S. wave energy project in Los Angeles, advancing a megawatt-scale project in Portugal, and entering the Asian market through strategic partnerships in India and Taiwan. In Israel, the EWP-EDF One project demonstrated strong performance, reinforcing the reliability of Eco Wave Power’s technology.

Looking forward, Eco Wave Power aims to continue its global expansion and commercialization efforts. The company is focused on optimizing costs and enhancing its wave energy systems to meet growing demand. With a newly established advisory board, Eco Wave Power is poised to strengthen its strategic oversight and leadership in the renewable energy industry.