Eco Wave Power Global AB reported that its EWP-EDF One pilot project at Jaffa Port in Israel generated more than 1,200 kWh of renewable electricity during March 2026. The production occurred during approximately six days of moderate wave conditions ranging from 1 to 2 meters. These results highlight the system's ability to efficiently convert commonly occurring sea states into power, reinforcing its potential as a reliable energy solution for coastal infrastructure and AI-driven data center demand. The project has demonstrated stable, zero-downtime operations since early 2025.
The company's patented onshore wave energy technology converts ocean and sea waves into clean, reliable, and cost-efficient electricity. By generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties, and piers, Eco Wave Power enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive infrastructure. This approach addresses a critical challenge as global electricity demand continues to rise with the growth of artificial intelligence, digital infrastructure, and next-generation data centers. Many of these facilities are located near shorelines where Eco Wave Power's technology can provide renewable energy.
Eco Wave Power developed and operates Israel's first grid-connected wave energy power station, which has been recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and was co-funded by EDF Power Solutions. The company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy. The company is expanding globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW. More information about the company's technology and projects is available at https://www.ecowavepower.com.
The company has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program. Eco Wave Power was also honored with the United Nations Global Climate Action Award. The company's American Depositary Shares are traded on the Nasdaq Capital Market under the ticker symbol "WAVE." The full press release detailing the March 2026 production results can be viewed at https://ibn.fm/oBa1x.
For business and technology leaders, the successful operation of Eco Wave Power's pilot project represents a significant development in renewable energy technology. The ability to generate consistent power from moderate wave conditions suggests that wave energy could become a predictable and reliable component of the energy mix for coastal regions. This is particularly relevant for industries with high energy demands located near coastlines, including data centers supporting artificial intelligence operations. As AI infrastructure expands globally, technologies that can provide clean, localized power without competing for land resources will become increasingly valuable. Eco Wave Power's approach of integrating with existing coastal structures offers a potentially faster deployment path compared to offshore alternatives, while its zero-downtime record since early 2025 indicates operational reliability that could support continuous industrial and digital operations.
