Eco Wave Power wins the Prestigious Innovation Award by the Port Authority of the Balearic Islands for its Planned Wave Energy Installation at Port Adriano, Spain


The annual award acknowledges the perfect technological advances and concepts at APB ports up to now yr, utilizing originality, vitality, and problem-solving capabilities as its predominant standards. .

Stockholm, Sweden- December 12, 2022 – Eco Wave Energy International AB (publ) (Nasdaq: WAVE) (“Eco Wave Energy” or the “Firm”) is happy to announce that it has gained the Timón de Innovación Award (the “” Innovation Award”), awarded by the Port Authority of the Balearic Islands (APB) in collaboration with Gaceta Náutica, a publication centered on the ports of the Balearic Islands, for the Firm’s deliberate revolutionary wave vitality venture in Port Adriano in Spain.

The annual award acknowledges the perfect technological advances and concepts at APB ports up to now yr, utilizing originality, vitality, and problem-solving capabilities as its predominant standards. .

The jury of the Innovation Award was fashioned by the director of High quality, Surroundings, Innovation and Company Social Accountability of APB, Jorge Martín; the Professor of Laptop Structure and Expertise and head of the Methods, Robotics and Imaginative and prescient analysis group on the College of the Balearic Islands (UIB), Gabriel Oliver; the coordinator of the Grasp of Nautical Trade at UIB, Juan Poyatos; and the director of Gaceta Náutica, Elena Pipó.

This award was given in continuation of the Concession Settlement, entered into in April 2022, between Eco Wave Energy and Port Adriano for the development of a high-energy venture of as much as 2 MW, within the space of ​​the Port.

Isabel Teruel, Director of Operations at Port Adriano, identified that Port Adriano is proud to have gained the Innovation Award for the upcoming Eco Wave Energy venture and shared her need to see different ports additionally introduce Eco Wave expertise Energy.

Teruel additionally defined that the Eco Wave Energy venture is anticipated to supply clear vitality at a better capability than photo voltaic panels and warranted that the Eco Wave Energy pilot in Port Adriano opens the way in which for the applying of wave vitality expertise at Eco Wave Energy in different ports. facility.

“We’re proud to have gained this Innovation Award – and sit up for working carefully with Adriano Port for the implementation of our pioneering expertise in Spain” mentioned Eco Wave Energy Founder and CEO Inna Braverman.

In Might 2021, Spain applied its first local weather regulation, committing the nation to an electrical energy system wherein 74 % of the nation’s vitality is generated by renewable vitality sources by 2030, rising to one hundred pc in 2050. With roughly 8,000 kilometers (4,970 miles) of shoreline, Spain can flip to vitality to assist obtain these objectives.

About Eco Wave Energy International AB (publ)

Eco Wave Energy is a number one onshore wave vitality expertise firm that has developed a patented, good and cost-efficient expertise for turning ocean and sea waves into inexperienced electrical energy. Eco Wave Energy’s mission is to assist combat local weather change by making business electrical energy manufacturing from oceans and ocean waves.

The Firm is at present finalizing the development of its grid linked venture in Israel, with co-investment from the Israeli Vitality Ministry, which acknowledged the Eco Wave Energy expertise as “Pioneering Expertise” and can quickly start the set up of its newest pilot within the AltaSea space. within the Port of Los Angeles. The Firm additionally holds concession agreements for business installations in Europe and has a complete pipeline of initiatives of 404.7MW.

Eco Wave Energy receives funding from the European Union Regional Improvement Fund, Innovate UK and the Horizon 2020 framework program of the European Fee. The Firm additionally obtained the “International Local weather Motion Award” from the United Nations.

Eco Wave Energy’s American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.

Learn extra about Eco Wave Energy at www.ecowavepower.com. Info on, or accessible via, the web sites talked about above will not be a part of this press launch.

Info on, or accessible via, the web sites talked about above will not be a part of this press launch.



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