News
24/03/2016

Good start to 2016 for Eco Wave Power

Israeli wave energy company, Eco Wave Power (EWP), has started 2016 on a positive note with the completion of construction at its first commercial scale power plant in Gibraltar.

Inna Braverman

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23/03/2016

Eco Wave Power Turns Seawater Into Energy At New Gibraltar Plant

Located in Gibraltar, Europe – a peninsula that naturally lends itself to ocean wave harvesting – this new $5 million, 5 Megawatt plant is expected to produce 15 percent of Gibraltar’s electricity within two years, Eco Wave Power co-founder Inna Braverman tells NoCamels.

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To read more visit NoCamels

22/03/2016

Israeli wave energy player gets industry accolades

Eco Wave Power, an Israeli wave energy player, has received several recognitions for the progress the company made in the wave energy sector.

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To read more visit tidalenergytoday

07/12/2015

Eco Wave Power Receives EU Funding Approval for Wave Energy Power Plant in Gibraltar

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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: info@ecowavepower.com

10/09/2015

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.

 

To see how our unique technology works, click here.

For more information regarding our technology visit our website here.

Contact us at: info@ecowavepower.com  or by phone at +97235094017

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11/08/2015

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.

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to read more, visit Globes or Bloomberg