The floaters, which form a key component of Eco Wave Power's proprietary wave energy conversion technology, will be manufactured locally by All-Ways Metal and are scheduled for delivery within 70 days. Once completed, the floaters will be installed and connected to the Municipal Pier One at the Port of Los Angeles, signifying the official launch of the Company's groundbreaking U.S. project.
This agreement follows Eco Wave Power's receipt of a final licensing approval from the Port of Los Angeles, which was granted earlier this month, and builds on the federal permit received from the U.S. Army Corps of Engineers in November 2024. These key regulatory milestones clear the way for full implementation of the Company's first U.S.-based wave energy system.
Co-developed with Shell Marine Renewable Energy (Shell MRE), the project represents a powerful convergence of public and private investment in next-generation renewable energy infrastructure. Once operational, the pilot installation will serve as a scalable model for future wave energy deployments along the U.S. coastline and globally.
"As we expand into the United States, we are proud to collaborate with All-Ways Metal, a highly respected and experienced woman-owned fabrication business," said Inna Braverman, Founder and CEO of Eco Wave Power. "By producing the floaters locally, we are not only accelerating project timelines but also supporting local job creation and contributing to the emergence of a new sustainable energy industry in the U.S."
"We are honored to partner with Eco Wave Power on this forward-thinking project," said Rachelle Pickens, CEO of All-Ways Metal, Inc. "For over four decades, we've built a reputation for delivering precision, reliability, and innovation—and we are excited to bring that expertise to the clean energy sector. Manufacturing the floaters right here in California aligns with our commitment to supporting local industry while contributing to a greener future."
