On Tuesday, Eco Wave Power Global AB (NASDAQ:WAVE) announced that Eco Wave Power and EDF Renewables IL, in partnership with Tel Aviv-Yafo Municipality and Atarim Municipal Corporation, will inaugurate Israel’s first experimental station for generating electricity from sea waves on Thursday, December 5 in Warehouse 2 in the port of Jaffa. This global project combines innovation, sustainability and the fight against climate change.
The launch marks an important step toward reducing greenhouse gas emissions and promoting sustainable energy, strengthening Tel Aviv-Yafo’s status as a global innovation leader.
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The event will include a formal inauguration by Tel Aviv-Yafo Mayor Ron Huldai and a reception at Warehouse 2 at Jaffa Port with senior energy officials, investors and strategic partners.
The Eco Wave Power project was built in collaboration with EDF Renewables Israel, supported by the chief scientist of the Ministry of Energy (which recognized the company’s technology as “breakthrough technology”) and the Tel Aviv-Yafo Municipality.
Eco Wave Power founder and CEO Inna Braverman said the Jaffa Port project represents a historic milestone in the global journey towards sustainable energy, proving that sea waves can be a viable, clean and consistent source of electricity.
EDF Renewables Israel CEO Ayalon Vaniche said the partnership with Eco Wave led to the creation of a pilot that harnesses wave energy to produce clean electricity. EDF Group has shown great interest in assessing the potential of this new technology as part of its broad interest in marine energies.
The project is located within Atarim’s Blue Economy Innovation Hub at Jaffa Port, alongside other cutting-edge marine innovation technologies.
Eco Wave Power founder and CEO Inna Braverman leads the company and the project. Braverman is a graduate of the ‘Women for Climate’ program of the international organization C40 Cities, of which Tel Aviv-Yafo is a member.
The Women for Climate program empowers women to lead environmental and sustainability projects that address urban climate challenges.
Price promotion: WAVE stock closed 14.7% higher at $11.57 on Monday.
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This article EXCLUSIVE: Eco Wave Power, EDF Renewables IL and Tel Aviv Partner to Launch Israel’s First Wave Power Plant at Jaffa Port originally appeared on Benzinga.com
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