Eco Wave Power, based in Israel, plans to raise $5 million by the end of the year to further develop its technology and projects that harness the power of the ocean to generate electricity.
Eco Wave Power, an advanced and innovative international wave power developer based in Israel, introduced its plans to raise $5 million by the year end for the development of ocean energy.
The Government of Gibraltar has signed its first power purchase agreement for the provision of renewable energy. The agreement, which is with Eco Wave Power, is for the provision of an initial 0.5MW energy device on the eastside of the Rock.
Eco Wave Power is in talks with large global utilities and renewables companies to provide $10 million to fund 79 megawatts of plants that use the Israeli developer’s technology for harvesting energy from the oceans.
