WAVE
- Eco Wave Power Global AB (publ)
()
Overview
Company Summary
Eco Wave Power Global AB (publ), commonly known as Eco Wave Power or simply WAVE, is a renewable energy company that specializes in harnessing the power of ocean waves to generate electricity. The company has developed a proprietary technology that enables the conversion of kinetic wave energy into clean and sustainable electricity.
Eco Wave Power's technology relies on floaters, hydraulic systems, and power stations located on coastal structures, such as breakwaters or piers, to capture the energy from ocean waves. As waves move the floaters up and down, they drive hydraulic pistons that generate hydraulic pressure. This pressure is then converted into electricity using hydraulic motors and generators.
The generated electricity is fed into the grid or used to power on-site installations, providing a renewable and reliable source of energy. The company's solutions are suitable for various applications, including power plants, grids, islands, desalination plants, and water pumps.
Eco Wave Power differentiates itself by utilizing existing infrastructure, like breakwaters, thereby minimizing the environmental impact of its installations. By harnessing the power of waves, the company contributes to reducing greenhouse gas emissions, promoting the transition to clean energy sources, and enhancing energy security.
In addition to technology development, Eco Wave Power also undertakes project development activities. This involves identifying suitable sites worldwide where its wave energy technology can be deployed and establishing partnerships with governments, utilities, and industry players to facilitate project implementation.
Overall, Eco Wave Power Global AB (publ) (WAVE) focuses on developing and commercializing sustainable wave energy solutions, offering a promising alternative to traditional fossil fuel-based electricity generation.