#Renewable Energy #Eco Wave Power #Portugal #Porto

Eco Wave Power Launches Major Enhancements for Wave Energy Initiative in Portugal

Eco Wave Power Global AB (publ), prominently traded on NASDAQ under the symbol WAVE, has proudly announced its commitment to advancing renewable energy through significant infrastructure improvements at its trailblazing wave energy project based in Porto, Portugal. This endeavor represents the company's first venture into large-scale wave energy generation, aiming to harness the powerful forces of ocean waves to produce eco-friendly electricity. Scheduled for completion in 2026, the project underscores Portugal's strategic focus on increasing its renewable electricity generation to 85% by 2030.

The Porto Project: A New Frontier in Wave Energy

The Porto wave energy initiative will involve the innovative transformation of an existing breakwater tunnel, referred to as "The Gallery." This facility will house Eco Wave Power's state-of-the-art wave energy conversion equipment. Upon its completion, The Gallery will not only serve its operational purpose but will also feature an underwater wave energy museum and educational center. Visitors will thus gain a deeper understanding of renewable energy technologies.

To effectively prepare The Gallery for the installation of cutting-edge equipment and facilitate public engagement, Eco Wave Power is initiating several crucial activities, including:

• - Removal of Sand and Debris: This step aims to create a safe and clean environment for both the equipment and the public.
• - Structural Reinforcements: Upgrades to doors and windows will enhance the facility's security and integrity.
• - Waterproofing Measures: Ensuring proper sealing against water ingress is vital for maintaining optimal operational conditions within the facility.

Once these infrastructural enhancements are successfully completed, the next phase will involve the production and integration of Eco Wave Power's proprietary wave energy technology.

Leadership and Engineering Collaboration

In a pivotal move to ensure the project's success, Eco Wave Power has appointed Juan José Gómez as Power Station Manager. His extensive experience in renewable energy operations will enable him to oversee daily activities and uphold technical and operational standards. In a parallel development, the company has teamed up with MOQ Engineering, a well-respected Portuguese engineering firm, known for its reputable expertise in structural and civil engineering. MOQ's advanced techniques, including Building Information Modelling (BIM), will play a critical role in ensuring the highest standards of safety and efficiency for the project.

Commitment to Sustainable Energy Solutions

Inna Braverman, the CEO of Eco Wave Power, expressed her enthusiasm regarding the developments, noting, "This milestone underscores our commitment to delivering a robust and scalable wave energy solution in Portugal. By addressing critical infrastructure needs and collaborating with top-tier engineering experts, we are poised for a smooth installation process that will pave the way for successful energy generation from ocean waves."

Eco Wave Power has a history of excellence in renewable energy, having previously launched Israel's first grid-connected wave energy system. With additional projects slated for locations such as the Port of Los Angeles and Taiwan, the company is mapping its future trajectory towards global expansion in sustainable technologies. Currently, Eco Wave Power boasts an impressive project pipeline with a total capacity exceeding 404.7 MW.

Furthermore, the company has garnered support from prestigious institutions like the European Union Regional Development Fund and Innovate UK, illustrating the global interest in its groundbreaking technology. To date, its innovative contributions have even earned the recognition of the United Nations through the Global Climate Action Award.

In conclusion, as Eco Wave Power takes bold steps forward in the Porto wave energy project, it demonstrates its unwavering dedication to fostering innovative solutions that combat climate change while generating clean energy. The company's endeavors not only contribute to Portugal's energy goals but also serve as a blueprint for similar initiatives worldwide, establishing Eco Wave Power as a pivotal player in the renewable energy sector.

For further information regarding the project and the company, please visit Eco Wave Power's website.