Port of LA Pilot Project

Following an agreement between AltaSea and Eco Wave Power, EWP delivered an energy conversion unit to the AltaSea campus at the Port of Los Angeles. Eco Wave Power is in the process of receiving the final approval for the installation of the 100-kW station in AltaSea’s premises in the Port of Los Angeles in the upcoming months.

In January 2024, the Company signed a strategic co-investment agreement with Shell MRE, for the implementation of the first U.S.-based project while moving forward with the licensing process. Eco Wave Power has submitted the comprehensive project engineering plans to the port authorities and has formally requested the final required licenses from both the Port of Los Angeles and the U.S. Army Corps of Engineers. As soon as EWP receives the relevant licenses, we expect a very short implementation time of around 6 months.