(Courtesy: Michael Olsen/Unsplash)Eco Wave Power announced that it was selected by a major energy company to conduct a comprehensive feasibility study aimed at identifying the top locations for commercial onshore wave energy stations in the U.S. and across the globe.
The release said the full name of the company awarding this contract can be seen in the company’s recent 20F report.
Per the terms of the agreement, Eco Wave Power has initiated a three-month, in-depth feasibility study in the U.S. and key regions across the globe. The studies explore the best proposed implementation sites for commercial installations and review 77 sites in-detail along the U.S. coastline in terms of wave availability and compatible marine structures, while also proposing a five and a 10 year roadmap for wave energy commercialization.
“Wave energy can power communities with clean, reliable energy and be a strong force in combating climate change,” said Eco Wave Power Founder and Chief Executive Officer Inna Braverman. “We are thrilled to help provide in depth analysis about wave energy to an industry leader that is exploring many avenues for clean energy.”
The U.S. Department of Energy’s National Renewable Energy Laboratory found that wave energy in the U.S. alone has the technical resource potential to produce over 1,400 TWh/year.
Eco Wave Power has built and demonstrated the scalability and reliability of its technology with various power stations. Just a few months ago, Eco Wave Power announced that its EWP-EDF One power station in Jaffa Port is connected to the grid, providing power from wave energy to Israel’s national energy grid. Eco Wave Power also has a pilot station at AltaSea at the Port of Los Angeles. Currently on static display, the station is set to be installed in the coming months and will be the first onshore wave energy pilot station in the U.S., according to a release.
Eco Wave Power holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7 MW.
Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission’s Horizon 2020 framework program. The company has also received the “Global Climate Action Award” from the United Nations.
