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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Eco Wave Power Took Part in the Private Sector Forum on Climate Change Organized by the United Nations
Eco Wave Power Presented its Unique Wave Energy Technology to World Leaders, Signed the Caring for Climate Business Leadership Criteria on Carbon Pricing and Made a Commitment to the United Nations to Establish a Wave energy power plant in Gibraltar by the End of 2015, as part of this forum.
Eco Wave Power, the Israeli company that generates electricity from sea waves, took part in the United Nations’ Private Sector Forum on Climate Change. The event involved 350 companies as well as representatives from governments and civic organizations that have been invited to attend the UN’s headquarters in New York by the United Nations Secretary-General, Ban Ki-Moon.
The purpose of the forum was to show governments the progress and commitment being made by companies to combat climate change and its effects on ecosystems, economic activity and living conditions around the world.
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President of France Mr. Francois Hollande and Ms. Inna Braverman, Co Founder of Eco Wave Power, at the United Nations Climate Summit
Eco Wave Power was recognized for its leadership and expertise by the United Nations
Eco Wave Power was recognized for its leadership and expertise by the United Nations, and Mr. David Leb, CEO is invited to the United Nations Private Sector Forum on Climate Change, to be held on 23 September at UN Headquarters in New York as part of the UN Secretary-General’s Climate Summit. This year, the Forum will bring together a select group of over 350 leaders – from business, Government, civil society and the United Nations – to discuss how to deliver scalable climate solutions that will bring about meaningful and lasting change.
The Forum is a unique opportunity for the private sector to demonstrate progress to Heads of State and Government, and spur the collective action needed to reduce emissions and limit global temperature rise to less than 2 degrees Celsius.
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