Gibraltar developed its own renewable energy plan and employed Eco Wave Power to install a 5-megawatt wave energy power station that will capture energy produced by the ocean surface waves in the Mediterranean.
Eco Wave Power (EWP) is an Israeli company that has developed a unique form of electricity generation using wave power. Rather than have a wave generator moored in the open ocean where complex moorings and connection systems are required, the EWP system utilises existing land structures as the attachment point which the company claims greatly simplifies the installation and durability of the wave generation system.
The wind may not blow and the sun may not shine, but waves are pretty constant. That, according to some scientists, makes wave power a better and more reliable source of renewable energy than solar or wind. And few companies have embraced the idea of mass-producing energy using wave power than Israel’s Eco Wave Power.
Eco Wave Power has received an official recognition for a “Pioneering Device” by Dr. Bracha Halaf, the Israeli Chief Scientist on behalf of the Ministry of National Infrastructures, Energy and Water Resources.
Eco Wave Power 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.
Eco Wave Power from Tel-aviv, Israel, has announced that it has successfully closed the first round of fundraising led by Pirveli Ventures. Following the investment of $2 million, a partner of the investment fund will join Eco Wave Power’s board of directors.