Eco Wave Power has developed a patented technology that converts ocean and sea wave energy into green electricity through grid-connected wave energy devices. This approach addresses the need for sustainable energy sources by enabling commercial power production from wave energy, thereby contributing to climate change mitigation.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing global energy demand necessitates a transition to sustainable and renewable energy sources to mitigate climate change and reduce reliance on fossil fuels. Harnessing the immense potential of ocean wave energy remains a challenge due to technological limitations and cost inefficiencies.
Solution
Eco Wave Power provides a patented technology for converting ocean and sea waves into green electricity through grid-connected wave energy arrays. The onshore and nearshore design leverages existing marine infrastructure, reducing capital expenditure and environmental impact compared to offshore solutions. Wave energy floaters rise and fall with wave motion, creating hydraulic pressure that drives a hydro-motor and generator to produce clean electricity. A smart automation system controls storm protection and ensures stable transmission to the power grid.
Target Audience
Eco Wave Power targets utilities, independent power producers (IPPs), and grid operators seeking to diversify their energy mix with reliable, renewable wave energy, as well as governmental organizations and port authorities looking to promote sustainable development.
Features
- Patented wave energy conversion technology utilizing onshore and nearshore infrastructure
- Modular design adaptable to various wave climates and coastal conditions
- Smart automation system for storm protection and grid stabilization
- Grid-connected projects operating under Power Purchase Agreements (PPAs)
- Remote monitoring and control capabilities for optimized performance
- Scalable project pipeline with installations planned across multiple continents
- Integration with existing port and breakwater infrastructure to minimize environmental impact