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.
These are busy, busy days for Eco Wave Power. The company has completed the installation of its second generation Power Plant in Israel, commenced parts procurement and assembly for a new project in Gibraltar, and was recognized by the Erasmus Awards.
Water covers three-quarters of the earth’s surface, but the world has yet to capitalize on the power of ocean waves, even though the energy that can be harvested from oceans is equal to twice the amount of electricity that the world produces now, according to the World Energy Council. But Israeli startup Eco Wave Power is taking giant steps in the field of renewable energy harvested from the sea, moving forward with a first-of-its-kind plant in China.