Eco Wave Power's Jaffa Port Wave Energy Station Receives Final Grant Funding from Israeli Ministry of Energy, Marking the Official Completion of the Project
Summary
Each floater connects to Eco Wave Powers patented energy conversion unit, which is located on land, enabling easy access for operation and maintenance. ""Eco Wave Power had the pleasure of working with the Israeli Energy Ministry, led by the Chief Scientist, Mr. Gideon Friedman. Eco Wave Powers mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.The Company is currently finalizing the construction of its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power technology as "Pioneering Technology" and will soon commence the installation of its newest pilot in AltaSeas premises in the Port of Los Angeles. The Company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW.Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commissions Horizon 2020 framework program. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Powers control that could cause actual results to differ materially from those described in the forward-looking statements.