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Eco Wave Power Global
Eco Wave Power Global AB, trading on Nasdaq under WAVE, has had an unusually busy 2026 so far. The company is still early-stage, with minimal revenue and continuing losses, but recent filings show meaningful progress across several fronts: real-world production data from Israel, advancement of a 1 MW project in Portugal, a Taiwan deployment pathway, completion of the Port of Los Angeles pilot with Shell, and a new AI-infrastructure narrative tied to NVIDIA’s ecosystem.
What Changed This Year
Eco Wave’s strongest technical update has come from its EWP-EDF One project at Jaffa Port in Israel. In January, the system generated more than 2,300 kWh over roughly 11 operating days with 1-2 meter waves. In February, it generated about 2,000 kWh over roughly nine operating days and hit record site output during approximately 3-meter wave conditions, including peak production of 56.7 kW. The company also said the Jaffa system has maintained zero downtime since the beginning of 2025.
That matters because wave energy has historically struggled with durability, maintenance costs, and survivability. Eco Wave’s design keeps key hardware on land and attaches floaters to existing coastal infrastructure, an approach intended to reduce offshore complexity.
Portugal is another key watch item. In January, Eco Wave said it completed a wave and loads assessment with MetOcean Consult for its planned 1 MW Porto project and submitted a full execution plan to APDL, the port authority. This is the first megawatt-scale implementation under a broader 20 MW concession agreement. The company has referenced a tentative 2026 grid-connection target, subject to approvals.
In the U.S., Eco Wave completed its Port of Los Angeles pilot program with Shell International Exploration and Production. The company said the project moved through feasibility, permitting, engineering, fabrication, installation, operational testing, and final reporting. Importantly, the earlier Shell-backed U.S. feasibility work identified 77 potential U.S. coastal sites with favorable conditions.
Taiwan also moved forward. Eco Wave’s local partner, I-Ke International Ocean Energy, signed a land lease for the Suao Port wave energy project, with permits expected by October 2026. The planned initial system is a 100 kW onshore wave energy unit.
The AI Angle
The newer part of the WAVE story is AI-driven energy infrastructure. In May, Eco Wave said its U.S. subsidiary joined the NVIDIA Inception program. In June, the company announced discussions with Florida Atlantic University and the University of Michigan around AI-powered wave energy applications, “WaveGPT,” digital twins, and coastal data-center infrastructure.
On June 23, Eco Wave filed a 6-K around an NVIDIA corporate blog feature discussing the company’s use of AI infrastructure and digital twins. This gives WAVE a stronger thematic link to one of the market’s biggest current narratives: rising electricity demand from AI and data centers.
Bottom Line
WAVE is not a mature renewable-energy operator yet. It is a small, speculative cleantech company trying to prove that wave energy can move from pilot projects to scalable coastal infrastructure.
WAVE belongs on the high-risk/high-upside watchlist. The next major catalysts to monitor are Portugal execution, Taiwan permitting by October 2026, any commercial follow-up from the Shell/U.S. site work, and whether the AI/digital-twin positioning produces funded partnerships rather than publicity alone.
