Eco Wave Power

Company Overview

Snapshot

Founded in March 2011 by David Leb and Inna Braverman, Eco Wave Power operates with 11–50 employees. The company has raised $27.54M across 10 funding rounds and went public on NASDAQ in July 2022. In June 2026, Eco Wave Power announced a $4.0M registered direct offering to expand commercial wave energy deployment and AI-driven technology.

Business overview

Eco Wave Power develops and operates wave energy conversion systems that generate electricity from ocean waves. The company's core technology utilizes floating platforms equipped with hydraulic pumps to convert wave motion into pressurized fluid, which then drives turbines for electricity generation. Eco Wave Power aims to deliver clean and renewable energy solutions to coastal communities, operating within the Energy Tech sector and serving the electric utilities market.

Strategic signal

In May 2026, NVIDIA showcased Eco Wave Power's vision for AI-driven wave energy technology, following keynote recognition. This highlights a significant strategic validation for Eco Wave Power, indicating a strong industry endorsement of its technological advancements and potential for integrating artificial intelligence to enhance the efficiency and reliability of wave energy systems. This collaboration signals to investors a forward-looking approach to innovation and potential for accelerated development in the renewable energy sector.

Company Intelligence Q&A

What was a significant recent financial event for Eco Wave Power?

In June 2026, Eco Wave Power announced a $4.0M registered direct offering, priced at a 10.7% premium to market, aimed at expanding commercial wave energy deployment and AI-driven technology.

When did Eco Wave Power go public?

Eco Wave Power went public on NASDAQ in July 2022.

What recent technological advancement has Eco Wave Power made?

In September 2025, Eco Wave Power and BladeRanger launched the first-ever drone-powered maintenance system for onshore wave energy systems, enhancing operational efficiency and safety.

What legislative support has the company received in the US?

In October 2023, California Governor Gavin Newsom signed historic wave energy legislation into law, following its unanimous passage by the California Legislature in September 2023, which supports the development of wave energy projects.

What is Eco Wave Power's latest project in the US?

In September 2025, Eco Wave Power launched its first-ever U.S. wave energy project at the Port of Los Angeles, marking a historic milestone for the company.