Eco Wave Power Global AB (NASDAQ: WAVE) announced that its EWP-EDF One pilot project at Jaffa Port in Israel generated more than 1,200 kWh of renewable electricity during March 2026, with approximately six days of moderate wave conditions ranging from 1 to 2 meters. The results highlight the system’s ability to efficiently convert commonly occurring sea states into power, reinforcing its potential as a reliable energy solution for coastal infrastructure and AI-driven data center demand while continuing to demonstrate stable, zero-downtime operations since early 2025.
The company’s patented onshore wave energy technology converts ocean and sea waves into clean electricity using existing coastal infrastructure such as breakwaters, jetties, and piers. This approach enables sustainable electricity production in close proximity to coastal cities, ports, and energy-intensive facilities. As global electricity demand rises with the growth of artificial intelligence, digital infrastructure, and next-generation data centers, Eco Wave Power’s technology is designed to provide renewable energy near shorelines where many data centers, industrial facilities, and population centers are located.
Eco Wave Power developed and operates Israel’s first grid-connected wave energy power station, recognized as a “Pioneering Technology” by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. In the United States, the company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy. The company is expanding globally with projects planned in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW.
The March 2026 production results from the Jaffa pilot are particularly significant as they demonstrate consistent performance over time, with zero downtime since early 2025. This reliability is crucial for integrating wave energy into the broader energy mix, especially for powering coastal data centers that require uninterrupted electricity. The moderate wave conditions during the reporting period—1 to 2 meters—are typical for many coastal regions, suggesting that the technology can be widely deployed.
Eco Wave Power has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program, and was honored with the United Nations Global Climate Action Award. The company’s American Depositary Shares trade on the Nasdaq Capital Market under the ticker symbol “WAVE.” For more information, visit Eco Wave Power.
The announcement was disseminated by GreenEnergyStocks, a communications platform focused on companies shaping the future of the green economy. The full press release is available at https://ibn.fm/oBa1x.
