Eco Wave Power (Nasdaq Stock Symbol: WAVE) is an advanced and innovative international wave power developer, headquartered in Israel. The company was established after a period of conceptualizing and planning for a new and competitive wave energy technology.
Eco Wave Power is the only wave energy company to ever win the Frost & Sullivan Product Innovation Award. According to Frost & Sullivan, “Eco Wave Power efficiently handles the prominent challenges prevailing in the field and offers an all-round solution for effective energy harvesting. Based on the aforementioned performance drivers as measured through Frost & Sullivan independent analysis, Eco Wave Power is the recipient of the 2012 Frost & Sullivan New Product Innovation Award”
The company has developed proprietary technology for extracting energy from ocean and sea waves and converting it into electricity. Such technology enables to deliver effective, sustainable, practical, feasible and affordable wave energy solutions, which are responsive to the needs of local communities, cities, and countries globally wide.
Due to our awareness to the oscillating need of renewable energy sources, Eco Wave Power is currently focused on developing and commercializing its 100% owned patents, which are capable of producing large amounts of affordable, zero-emission renewable power.
The Eco Wave Power wave energy converter is a simple and inexpensive technology to harvest wave energy from high and low waves. It is designed to be simple and robust while offering technical advantages over competing systems.
Our system is being developed to produce electricity for cheaper price than traditional energy generation methods such as: coal, oil and gas as well as renewable energy generation methods such as wind and Solar. This will be achieved by using low cost materials, low maintenance price and periods and long life expectancies.
