Eco Wave Power Receives EU Funding Approval for Wave Energy Power Plant in Gibraltar
An Announcement made by EWP earlier today confirms a European Union grant for Eco Wave Power’s wave energy Project in Gibraltar.
According to the Power Purchase Agreement between EWP, Gibelec and the Ministry for the Environment, Energy and Climate Change in Gibraltar (led by Honorable Minister Dr. John Cortes) Eco Wave Power will construct a 5MW wave energy power station in two phases.
During the first phase, Eco Wave Power will implement a 100KW power station on the Ammunition Jetty, and in the second phase the power plant will be expanded to a size of 5MW, which will provide up to 15% of Gibraltar’s electricity needs. This percentage will enable Gibraltar to meet its renewable energy commitments to the EU by 2020.
Eco Wave Power successfully obtained the EU co-funded grant under the 2014-2020 European Regional Development Fund Operational Programme in support of renewable energy that is meant to ensure that Gibraltar has secure, affordable and climate-friendly energy, while using wiser energy production methods to combat climate change and creating business innovation.
Mr. David leb (Founder and CEO) and Ms. Inna Braverman (Co-Founder) said that: “We are very grateful and excited with the opportunity to build our wave energy power plant in Gibraltar, with the assistance from the EU. Wave energy is a growing industry and the financial contribution made by the EU is very significant and shows positive progress in the right direction”.
EWP’s Co-Founders are also taking part in COP21 in Paris (The Sustainable Innovation Forum) and will represent the wave energy sector in the Private Sector Forum to be held on the 7th of December and in the High Level Meeting on the 8th of December.
For further information please contact Eco Wave Power at phone: +97235094017, fax: +97236202807, email: firstname.lastname@example.org
Eco Wave Power Receives “Pioneering Device” Recognition by the Israeli Chief Scientist
Eco Wave Power, a developer of an innovative wave energy generation technology, announced today that it has received an official recognition as “Pioneering Device” by Dr. Bracha Halaf, the Israeli Chief Scientist on behalf of the Ministry of National Infrastructures, Energy and Water Resources.
In accordance with the Governmental decision number 3484, Dr. Halaf approved that EWP’s wave energy power station is a pioneering technology in the wave energy field. This recognition will enable EWP to receive a production quota and entitle its power plant for grid connection in Israel. When connected, this will be the first wave energy power plant to ever sell electricity to the Israeli grid.
In her official decision, Dr. Halaf states that she granted EWP’s Pioneering Status based on the large-scale wave energy potential and its stability, as well as the fact that EWP’s device is mostly located on land and therefore easy for construction and maintenance. In addition, Eco Wave Power is using existing man-made structures and does not create new presence that disturbs the environment.
Moreover, the company utilizes unique floater shapes and uses an advanced accumulation system and hydraulic motor, which enable energy stabilization between waves and in correlation with the different wave heights and forces.
According to Dr. Halaf the initial approved quota for EWP’s grid connection is 100KW.
This green light for the grid connection of EWP’s power station represents another accomplishment for the EWP team and its global partners.
According to David Leb and Inna Braverman, EWP’s Co-Founders: “The future is looking bright for wave energy as it picks up traction and becomes more prevalent among other green energy initiatives”
These news follow a recent stream of accomplishments by Eco Wave Power, which include raising two Million USD in its first financing round led by Pirveli Ventures, successful deployment of its “Second Generation” power station in Jaffa Port, and beginning of construction in Gibraltar.
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Eco Wave Power Raises 2 million USD in First round of Fundraising
Disruptive and Award-winning wave energy developer Eco Wave Power has announced that it has successfully closed the first round of fundraising led by Pirveli Ventures. Following the investment, a partner of the investment fund will join Eco Wave Power’s board of directors.
Eco Wave Power Installs Second Generation Power Plant in Israel, Commences Construction in Gibraltar, and Receives Recognition by Erasmus University.
Eco Wave Power continues to “make waves” in the ocean energy sector; The company has completed the installation of its second generation Power Plant in Israel, commenced parts procurement and Assembly towards the new project in Gibraltar and was recognized by Erasmus Awards
Eco Wave Power is determined to present the market with a cost-efficient and reliable wave energy product. To date, the company has invested significant resources in the development and commercialization of its unique wave energy power plant, which will take advantage of the vast wave energy potential around the world…
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Eco Wave Power Shortlisted for the Erasmus Energy Awards
Eco Wave Power, an innovative wave energy developer, was shortlisted for the Prestigious Erasmus Energy Awards to be held as part of the EU Sustainable Energy Week 2015, in the Netherlands.
The Erasmus Energy Business Award nominations were judged based on the novelty of the project’s approach and proposal, as well as the quality and value of the business potential and its contribution to the planet.
The final nominees were chosen by a panel of six judges, who felt that Eco Wave Power’s novelty stood out in comparison to the rest of the submissions.
Yesterday, Dr. Marcel van Oosterhout from Erasmus University notified EWP’s representatives of their nomination.
According to Dr. Oosterhout : “Eco Wave Power is a Finalist because its technology is well engineered and smart.” In addition, “The on-site and near-site locations are easily accessible” and “manufacturing costs are low.” He expressed that “Eco Wave Power has high potential as becoming a leading wave energy company“.
David Leb and Inna Braverman the co-founders of Eco Wave Power, expressed that they are very pleased to have been shortlisted to the Erasmus Energy Awards and stated that “We are proud of our technology, our accomplishments, and our hardworking team of engineers and management. We look forward to keep leading the commercialization of the wave energy field”
This recognition is in continuity to EWP’s previous accomplishments, among which are:
Frost and Sullivan Innovation Award , 2012
Business Green Leaders Awards, 2013
Mixiii Innovation Award , 2014
Energy Globe Awards for Best Project in Israel, 2014
About Eco Wave Power
Eco Wave Power has developed its proprietary state-of-the-art wave energy converters, called the “Wave Clapper” and the “Power Wing.” These hi-tech wave energy converters rise and fall with the up and down motion, lifting force, change of water level, hydraulic air lock, and incident flux of waves.
The converters are attached by robust arms to any type of structure, such as breakwaters, piers, jetties, floating barriers, and fixed platforms. The Wave Clapper and the Power Wing are fully equipped with sensors, which continuously monitor the performance of the various subsystems and surrounding ocean environment. In the event of upcoming storms, the system will automatically recognize the type of waves, and decide whether to raise the converters over the water level, or submerge them under water, to protect them from damage.
About Rotterdam School of Management (RSM) of Erasmus University
Rotterdam School of Management (RSM) of Erasmus University ranks in the top 50 best schools of management globally. RSM is among the 1% of business schools worldwide with Triple Crown Accreditation, meaning they are accredited by all three international, independent accreditation committees, as well as regional and independent accreditation bodies. RSM is a leader in research and development as well as preparing MBA students for executive roles.
Background of Dr. Marcel van Oosterhout
holds a PhD in defense. Dr. Marcel van Oosterhout has held prestigious positions such as treasurer, and member of the executive committee of the merged department of Technology & Operations Management; Dr. Oosterhout also is active as business director for the Erasmus Centre of Future Energy Business and has previously worked in the European Commission, National and local governments (such as Ministry of Economic Affairs, Gemeente Rotterdam, Port of Rotterdam).
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Eco Wave Power Establishes a Subsidiary in Suzhou, and Receives an Approval for a First Plant in Zhejiang Province
Eco Wave Power, a World Leader in Electricity from Ocean Waves, Establishes a Subsidiary in Suzhou, and Receives an Approval for a First Plant in Zoushan Island, Zhejiang Province
Eco Wave Power, a world leader in electricity from ocean waves, established a Subsidiary in Changshu under the name of “Suzhou Eco Wave Technology”. The Company was established with investment from a Chinese Governmental fund that believes in EWP’s innovative technology and provides funding for EWP’s first 100KW grid connected plant, to be completed by the end of this year.
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