(Floaters rise and fall with the waves and are part of the power generation system. Credit: Eco Wave Power.)

Eco Wave Power Global AB has received the GREENinMED grant, provided by the EU under the ENI CBC Mediterranean Sea Basin Programme, for its Port of Jaffa wave energy power station in Israel.

The GREENinMED grant is promoted and managed by a consortium of parties from Spain, France and Israel. These groups include the Official Chamber of Commerce, Industry, Services, and Navigation of Spain; Arava Institute for Environmental Studies (Israel); Kinneret Academic College on the Sea of Galilee (Israel); Capenergies (France); and the Israel Water Association.

Eco Wave Power’s project was selected to be a grant recipient by Kinneret Academic College, with the goal of adding educational and knowledge-sharing features for its wave energy power station at the Port of Jaffa, promoting and facilitating the adaptation of technologies and equipment that will produce eco-innovative products for the country’s tourism industry.

“Eco Wave Power’s mission and technology align well with the European Union’s vision to create a new way of generating renewable energy,” stated Prof. Ram Shpiner from Kinneret Academic College. “As a college focusing on water engineering and environmental sustainability, we believe that companies like Eco Wave Power will help the EU meet its ambitious goals to address the climate crisis.”

Eco Wave Power will use the funding toward the creation and installation of a knowledge-sharing experience for the local population, as well as tourists from around the world, making the EDF EWP One wave energy power station a unique tourist attraction.

“We are grateful for the continuous support from the EU, as they continue to prioritize clean energy and consider sustainability in their funding,” said Inna Braverman, founder and chief executive officer of Eco Wave Power. “We believe that our wave energy technology can not only create clean electricity for the local population, but also transform the entire community by creating new workplaces and jobs, as well as educate the local community and foreign visitors on the power and importance of sustainable energy sources. This is a true win-win for Israel.”

Eco Wave Power received funding from the EU 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.

Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves. The company will soon commence installation of its newest pilot in AltaSea’s premises in the Port of Los Angeles. Eco Wave Power also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7 MW.