First Set of Floaters Arrive at Jaffa Port, Israel Site
"By delivering our first set of floaters and supporting structures, we are making significant progress toward the first grid-connected wave energy array installation in
Actual installation of the first set of floaters and the surrounding test setup infrastructure is expected to commence later this month, with the system functionality and capacity tests to be conducted in the second quarter of this year.
Eco Wave Power delivered the floaters and supporting structures to the project site with trucks, as opposed to the traditional use of expensive ships and divers for equipment delivery for offshore wave energy installations. This further emphasizes the simplicity of the onshore nature in the work programming of Eco Wave Power's floaters shipment and installation technology.
"Our goal is to generate electricity during the third quarter of this year," added
When completed, the EWP-EDF One wave energy project will include 10 floaters connected to one conversion unit, which is already installed onsite. The EWP-EDF One conversion unit is located on land, similar to a normal power station, which enables easy access for operation and maintenance. This highlights the significant advantages of the EWP onshore technology, in comparison to offshore solutions.
The floaters and supporting structures were constructed in
"Our company has significant experience in working with clean-tech technologies in the water and desalination sectors," stated
About
Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power's mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.
Eco Wave Power is recognized as a "Pioneering Technology" by the
Eco Wave Power's common shares (ECOWVE) are traded on Nasdaq First North and its ADSs (WAVE) are traded on the Nasdaq Capital Market.
Read more about Eco Wave Power at: www.ecowavepower.com.
Information on, or accessible through, the website mentioned above does not form part of this press release.
For more information, please contact:
inna@ecowavepower.com
+97235094017
For additional investor/media inquires, please contact:
Investor Contact:
FNK IR
+1.646.809.2183
wave@fnkir.com
Media Contact:
Allison+Partners
EcoWavePower@allisonpr.com
About
The company was incorporated lawfully in
The company, itself and through subsidiaries, specializes in the construction of various infrastructure projects. In the framework of two operating segments: the construction segment and the maintenance segment
A. Segment of projects under construction - in this area the Group operates in the following areas:
(1) Civil engineering infrastructure.
(2) Railway infrastructure.
(3) Pipeline and energy infrastructures.
(4) clean piping infrastructure.
(5) environmental infrastructure.
B. Maintenance and Franchising Segment - In this area the Group operates in the following activities:
(1) Maintenance and service of municipal infrastructures.
(2) maintenance and service in energy facilities.
(3) Concessions for projects using BOT and other methods.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Eco Wave Power is using forward-looking statements when it discusses the upcoming installation of the first floaters on the Jaffa Port breakwater, the prospect of being operative soon in the Mediterranean waves, the timing of the actual installation of the first set of floaters and the surrounding test setup infrastructure as well as the system functionality and capacity tests, Eco Wave Power's goal, that the results of the EWP-EDF One project are expected to enable Eco Wave Power to take important steps toward the commercial rollout of Eco Wave Power's pioneering technology, that the EWP-EDF One wave energy project will include 10 floaters connected to one conversion unit, that
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