The Project is the only wave power plant anywhere in Middle East, operating under the terms of a Power Purchase Agreement entered into with IEC, as part of the project’s recognition as a “Pioneering Technology” by the Chief Scientist of the Energy Ministry, Government of Israel.
"The State of Israel is a global leader in innovation and technology. The facility we inaugurated today, which generates electricity using sea waves, was advanced with the support of the Chief Scientist at the Ministry of Energy and is the first of its kind in Israel. This is another step we are taking to increase energy production from renewable sources, reduce air pollution for the benefit of Israeli citizens' health, and enhance the country's energy security. We will continue to invest in groundbreaking innovation!” stated Cohen.
Huldai stated that, “There is a growing strain on Earth, caused by the ever-increasing human population that damages it. We are destroying the very place we live in. As a municipality and as part of the forum of 15 major cities within the C40 network, we are partners in addressing these issues. One of those issues is precisely this kind of initiative. In our DNA, Israel has the innate ability to dare and to do things others haven’t tried, as well as the courage to fail—and that is incredibly important for achieving great things!’”
The Eco Wave Power project was developed in collaboration with EDF Renewables Israel, with support from the Chief Scientist of the Ministry of Energy, which recognized Eco Wave Power’s technology as “Pioneering Technology,” and with the backing of the Tel Aviv-Yafo Municipality.
“We built a joint team, in which EDF brought some expertise in terms of design, safety, purchasing, construction, and now in terms of operation. We got to know the Eco Wave Power team, and we built a solid cooperation. I am very confident that we will be able to learn together a lot from this pilot and that it will bring a lot of new alternatives and diversification in the sources of energy. Many thanks to Inna, to the whole team at Eco Wave Power and all the EDF teams that have been mobilized for that. May this innovative technology bring light and hope to our region!” said Ayalon Vaniche, CEO of EDF Renewables, partner in the project.
Inna Braverman Founder and CEO of Eco Wave Power said, “One of the most inspiring aspects of technology is its ability to cross borders and benefit communities worldwide. A perfect example is Gaza, where a pilot based on Eco Wave Power’s Israeli technology has been implemented on its coastline. It’s a powerful reminder that solutions to global challenges can unite us, offering sustainable benefits beyond politics and borders. Also, despite Eco Wave Power being a relatively small company, we have achieved something extraordinary. The company went public on Nasdaq under the stock symbol WAVE, becoming a leader in wave energy in the global market.”
Other notable speakers in the event were Yaron Klein, CEO of Atarim, Eitan Ben Ami, Director of the Environment and Sustainability Authority in the Tel Aviv-Jaffa Municipality, and Dr. Yael Barash Harman Head of R&D, Office of the Chief Scientist, Ministry of Energy and Infrastructure.
This is the first array of wave power generators to be connected to an electricity grid in Israel and in the Middle East. The innovative Eco Wave Power floaters move up and down with the movement of the waves and create pressure that drives the hydro-motor and generator. The technology also provides smart automation system that controls the power station's storm-protection mechanism and stable transmission of clean electricity to the grid.
