EWPG Holding AB (“Eco Wave Power”) is a Swedish company, founded in Tel Aviv, Israel, in 2011, that has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power is the only wave energy company in the world, to own and operate a wave energy array, which is connected to the grid in accordance with a Power Purchase Agreement (PPA).

Cost efficient, reliable technology

• Easy to build and operate, due to its’ accessible location on land. In addition, low costs of maintenance and connection to the grid, due to proximity to grid connection points.
• Fully modular and scalable.
• Cost-efficient – construction and production costs per KWh are highly competitive, and the forecasted levelized cost for energy (LCOE) for commercial scale installation will be around EUR 42 per MWh (SEK 0.45/KWh). The Company has several patents in place and additional applications pending, putting strong focus on IP development and protection.
• Fully insurable – current damage protection coverage provided by global reputable insurance companies.
• No adverse environmental impact – due to the connection of the system to mostly existent man-made structures. Already existing structures (e.g. pier, jetties and breakwaters) are becoming a source of clean electricity.

EWP is currently in collaboration processes and is seeking collaborations with conventional and green energy companies, electric utilities, energy ministries, marinas and ports, project developers, institutes, manufacturers, engineering companies, private and public funds, and investors.

Global organizations that are interested in researching, harnessing or investing in wave energy with the purpose of meeting the rising global demand for clean, renewable, and affordable electricity are also being considered.

EWP is interested in selling its generated electricity in utility-scale size, grid-connected, multi-unit arrays to supply electricity for network connection and also distributed, smaller-scale devices to supply designated and off-grid users.

Eco Wave Power provides its clients and partners with a convenient A to Z package of services: starting with undertaking the feasibility studies to support their clients and partners in the validation process of wave energy projects in different geographic locations, and continuing with services of construction, installation, operation, and maintenance services to support our projects.

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