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 from 1 investor, and in July 2022, it went public on NASDAQ.

Business overview

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

Strategic signal

In May 2026, NVIDIA showcased Eco Wave Power's vision for AI-driven wave energy technology, following keynote recognition. This collaboration signals a significant validation of Eco Wave Power's technological advancements and its potential to integrate artificial intelligence for enhanced efficiency and operational capabilities within the renewable energy sector, positioning the company for future innovation and market leadership.

Company Intelligence Q&A

What was a significant recent development for Eco Wave Power's technology?

In May 2026, NVIDIA showcased Eco Wave Power's vision for AI-driven wave energy technology, highlighting the company's advancements in integrating artificial intelligence into its systems.

What was a key financial milestone for Eco Wave Power in 2022?

In July 2022, Eco Wave Power completed its public offering and began trading on NASDAQ, marking its entry into the public market.

What strategic move did Eco Wave Power make in November 2024 regarding its US operations?

In November 2024, Eco Wave Power received the final permit from the U.S. Army Corps of Engineers for its first U.S. wave energy project, located at the Port of Los Angeles.

What legislative support did Eco Wave Power receive in California in October 2023?

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.

What was a notable operational development for Eco Wave Power in Israel in November 2024?

In November 2024, Eco Wave Power debuted Israel's first wave energy project at Jaffa Port, in collaboration with EDF Renewables IL and the City of Tel Aviv.