Who we are
EWPG Holding AB (publ) (“ Eco Wave Power ” or the ” Company “) 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 owns and operates 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.