Eco Wave Power Global AB (NASDAQ: WAVE) reported 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 announcement underscores the growing importance of wave energy as a complement to solar and wind power, particularly for coastal cities and energy-intensive industries. As global electricity demand rises with the expansion 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. The company’s patented onshore wave energy technology converts ocean and sea waves into clean, reliable electricity using existing coastal structures such as breakwaters, jetties, and piers.
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 Jaffa are particularly significant because they demonstrate consistent performance under moderate wave conditions, which are common in many coastal regions. This reliability is crucial for integrating wave energy into the grid and for powering critical infrastructure such as data centers, which require uninterrupted electricity. The zero-downtime operation since early 2025 further validates the technology’s robustness.
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 are traded on the Nasdaq Capital Market under the ticker symbol WAVE. For more information, visit www.ecowavepower.com.
This announcement comes as the green economy sector continues to attract attention from investors and policymakers. GreenEnergyStocks, a platform within the Dynamic Brand Portfolio @IBN, provides coverage of companies shaping the future of the green economy. For more details, visit https://www.GreenEnergyStocks.com.
