Eco Wave Power Secures Final Permit for Los Angeles Wave Energy Project

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Eco Wave Power Secures Final Permit for Los Angeles Wave Energy Project

Eco Wave Power Global ( (WAVE) ) has provided an announcement.

Eco Wave Power Global has secured the final permit for its wave energy project at the Port of Los Angeles, marking a significant milestone in its U.S. expansion. The project, co-funded by Shell Marine Renewable Energy and developed in partnership with AltaSea, involves installing wave energy floaters and an energy conversion unit at Municipal Pier One. This initiative is expected to advance the commercialization of wave energy, positioning Eco Wave Power as a leader in the renewable energy industry.

More about Eco Wave Power Global

Eco Wave Power is a leading onshore wave energy company that is revolutionizing clean energy with its patented technology, converting ocean and sea waves into sustainable electricity. The company operates the first grid-connected wave energy system in Israel and is expanding globally with projects planned in the Port of Los Angeles, Taiwan, and Portugal. Eco Wave Power has received support from prestigious institutions and was honored with the United Nations’ Global Climate Action Award. Its shares are traded on the Nasdaq Capital Market.

YTD Price Performance: -46.85%

Average Trading Volume: 38,325

Technical Sentiment Signal: Hold

Current Market Cap: $36.51M

Learn more about WAVE stock on TipRanks’ Stock Analysis page.

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