Eco Wave Power's Israeli project officially switched on

Eco Wave Power has announced that the Jaffa project in Israel was officially switched on and is now exporting electricity into the country's power grid.

This is the first array of wave power generators to be connected to an electricity grid in Israel and in the Middle East and is operating under the terms of a power purchase agreement with the Israeli National Electric Company (IEC).

Idit Silman, minister of Environmental Protection, commented: "This is a unique opportunity for Israel to demonstrate how green technology utilising the waves can be implemented and truly make a difference. I am pleased that this exceptional pilot project is moving forward."

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Added Silman: "As the Ministry of Environmental Protection, we support the entire regulatory framework for green electricity. I am glad we are here to assist, extend our support, and encourage these efforts. This approach is both environmentally friendly and green, and there's nothing greener than this. I want to wish you great success. We would be delighted to see this green economy grow and develop, and we will continue to support you."

Inna Braverman founder and CEO of Eco Wave Power stated that the launch of this project is a "powerful reminder that solutions to global challenges can unite us, offering sustainable benefits beyond politics and borders."

She added that many Israeli companies have struggled to raise funds of late due to the ongoing war. However, Eco Wave Power has experienced significant growth with the firm's stock growing over 700%. "This incredible growth sends a powerful message: the world believes in Israeli innovation and recognises the urgent need for technologies like this to address global challenges."

Eco Wave Power's floaters move up and down with the movement of the waves and create pressure which is driving a hydro motor and a generator. The system includes a smart automation solution that controls the power station's storm protection mechanism and stable transmission of clean electricity to the grid.

The switching on of the Jaffa project is the latest of several announcements from the marine energy developer.

Read more: Portuguese waves promise big gains for Eco Wave Power

In October, Eco Wave Power signed an agreement for the sale of the first wave energy generation unit to I-Ke International Ocean Energy Co., a subsidiary of maritime engineering company Lian Tat Company (LTC). The purpose of this agreement is to bring Eco Wave Power’s wave energy technology to Taiwan.

Also in November, Eco Wave Power received the final Nationwide Permit from the US Army Corps of Engineers (USACE) for its wave energy project at AltaSea’s premises at the Port of Los Angeles. The project is set to become the first onshore wave energy installation in the United States, Eco Wave Power said.