The agreement was signed by Chandrasekhar N, Head of Research and Development, BPCL and Inna Braverman, Founder and CEO, Eco Wave Power in the presence of Honorable Minister Hardeep Singh Puri, Minister of Petroleum and Natural Gas of the Government of India and the Chairman and Managing Director of BPCL, G. Krishnakumar.
The collaboration aligns with India’s Ministry of New and Renewable Energy’s (MNRE) recognition of ocean energy as a promising renewable resource, with an estimated 40,000 MW of untapped potential along the country’s coastline.
BPCL, a government-owned Fortune 500 oil and gas giant with a market capitalization of approximately $12 billion, has identified Eco Wave Power as a strategic partner following an extensive evaluation of wave energy technologies. The collaboration aligns with India’s Ministry of New and Renewable Energy’s recognition of ocean energy as a promising renewable resource, with an estimated 40,000 MW of untapped potential along the country’s coastline.
As part of BPCL’s commitment to achieving net zero emissions by 2040, the company is expanding its renewable energy initiatives. Under this MoU, Eco Wave Power and BPCL will jointly develop wave energy projects across India, beginning with a feasibility study. The first phase will include the deployment of a 100 kW pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country.
BPCL will oversee regulatory approvals, permits, and land use consents, while Eco Wave Power will provide its patented wave energy conversion technology, conduct research, and optimize power generation efficiency.
Inna Braverman, said, "Partnering with BPCL, one of India’s largest energy companies, is a transformative moment for Eco Wave Power. With over 250 million people living along India’s 7,516 km coastline, the potential for wave energy is enormous. This MoU represents a major step toward positioning wave energy as a mainstream power source in India’s clean energy transition."
In parallel with the signing ceremony, Eco Wave Power’s wave energy generation model has been showcased at the Net Zero pavilion during India Energy Week 2025 in New Delhi, providing industry leaders and policymakers firsthand insight into its technology.
