Eco Wave Power Achieves Key Milestone in Suao Port Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Should l Buy WAVE?
Source: PRnewswire
- Project Progress: Eco Wave Power has achieved a key milestone in its wave energy project at Suao Port, Taiwan, marking the company's ongoing innovation and development in renewable energy, which is expected to enhance its competitiveness in the global wave energy market.
- Technological Leadership: As a leading developer of onshore wave energy technology, Eco Wave Power's innovations will help improve energy efficiency and reduce reliance on traditional fossil fuels, thereby promoting the achievement of sustainability goals.
- Market Potential: The successful implementation of this project will not only support Taiwan's energy transition but may also attract more investors to the wave energy sector, further driving overall industry growth.
- Strategic Importance: By advancing its project in Taiwan, Eco Wave Power demonstrates the feasibility of its technology while laying the groundwork for future expansion into other markets, thereby strengthening its strategic positioning in the global renewable energy landscape.
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Analyst Views on WAVE
Wall Street analysts forecast WAVE stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.750
Low
15.00
Averages
15.00
High
15.00
Current: 5.750
Low
15.00
Averages
15.00
High
15.00
No data
About WAVE
Eco Wave Power Global AB (publ), formerly EWPG Holding AB (publ), is a Sweden-based renewable energy company. The Company develops technology for production of clean electricity from ocean and sea waves.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eco Wave Power Achieves Key Milestone in Suao Port Project
- Project Progress: Eco Wave Power has achieved a key milestone in its wave energy project at Suao Port, Taiwan, marking the company's ongoing innovation and development in renewable energy, which is expected to enhance its competitiveness in the global wave energy market.
- Technological Leadership: As a leading developer of onshore wave energy technology, Eco Wave Power's innovations will help improve energy efficiency and reduce reliance on traditional fossil fuels, thereby promoting the achievement of sustainability goals.
- Market Potential: The successful implementation of this project will not only support Taiwan's energy transition but may also attract more investors to the wave energy sector, further driving overall industry growth.
- Strategic Importance: By advancing its project in Taiwan, Eco Wave Power demonstrates the feasibility of its technology while laying the groundwork for future expansion into other markets, thereby strengthening its strategic positioning in the global renewable energy landscape.
See More
Eco Wave Power Signs Key Land Lease Agreement in Taiwan
- Land Lease Agreement Signed: Eco Wave Power, in partnership with I-Ke International Ocean Energy, signed a five-year land lease agreement in December 2025, marking a critical development phase for the wave energy project at Suao Port in Taiwan, which is expected to enhance the company's expansion in the Asia-Pacific market.
- Clear Implementation Pathway: Under the lease terms, Eco Wave Power must submit the land use rights transfer application to the Taiwan International Ports Corporation by March 22, 2026, with all port work permits anticipated to be obtained by October 2026, ensuring smooth project progression.
- Technological Innovation and Market Potential: The project aims to install Taiwan's first 100 kW onshore wave energy conversion unit at Suao Port, demonstrating the feasibility of locally manufactured wave energy systems in new international markets and further driving renewable energy investments in Taiwan.
- Strengthened Regional Collaboration: The partnership between I-Ke and Eco Wave Power will enhance Taiwan's renewable energy portfolio, as both parties are committed to integrating wave energy technology into existing port infrastructure to support the country's clean energy transition.
See More
Eco Wave Power Technology Showcased at NVIDIA GTC
- Technology Showcase: Eco Wave Power's wave energy technology was featured at NVIDIA GTC, highlighting the company's innovative capabilities in renewable energy, which may attract increased investor interest.
- Industry Impact: The presentation was led by NVIDIA CEO Jensen Huang, emphasizing Eco Wave Power's potential applications in artificial intelligence and accelerated computing, potentially opening new market opportunities for the company.
- Brand Exposure: By showcasing at a globally recognized technology conference, Eco Wave Power enhanced its brand visibility, which could strengthen its market position in the renewable energy sector.
- Strategic Collaboration Potential: The partnership with NVIDIA demonstrates Eco Wave Power's potential for technological integration, paving the way for future strategic collaborations and technology development.
See More
Eco Wave Power's Technology Showcased at NVIDIA GTC
- Technology Showcase: Eco Wave Power's technology was featured at NVIDIA GTC, highlighting the potential of ocean waves as a renewable electricity source, indicating the company's innovative capabilities in the renewable energy sector.
- AI and Energy Integration: The demonstration utilized digital twin technology to show how AI can optimize energy infrastructure design, addressing the increasing electricity demand, particularly in the context of expanding AI infrastructure.
- Global Project Expansion: The company is advancing wave energy projects in Israel, the United States, Portugal, Taiwan, and India, with a planned total capacity of 404.7 MW, showcasing its ambitions in the global renewable energy market.
- Industry Recognition: Eco Wave Power has received international recognition, including support from the EU Regional Development Fund and the United Nations Global Climate Action Award, further solidifying its leadership position in the renewable energy sector.
See More
Eco Wave Power Reports FY 2025 Financial Results
- Revenue and Expense Overview: Eco Wave Power reported FY 2025 revenue of $30,000, with operating expenses rising 28% to $3.15 million, primarily reflecting the company's ongoing investments in international projects and technology development, indicating a strong commitment to global market expansion.
- R&D and Marketing Expenses: Research and development expenses increased by 37% to $733,000, mainly for technology development in Israel, Portugal, and the U.S., while marketing expenses rose 36% to $409,000, reflecting significant investments in new hires and international project development in the U.S. subsidiary.
- Net Loss and Financial Position: The net loss for 2025 was $3.724 million, up 77% from 2024, primarily due to continued R&D investments and expansion of the global project pipeline, although the company maintained $6.3 million in liquidity, indicating a solid financial position.
- Joint Venture Losses: The share of net loss from a joint venture increased by 20% to $95,000, primarily due to depreciation and operational costs associated with the joint venture's activities, highlighting the financial pressures faced in collaborative projects.
See More
EXCLUSIVE: Eco Wave Power Marks US Manufacturing Debut With Port Of Los Angeles Project
Manufacturing Deal Announcement: Eco Wave Power Global has signed a manufacturing agreement with All-Ways Metal, Inc. to produce floaters for its wave energy project at the Port of Los Angeles, with delivery expected in 70 days.
Regulatory Milestones and Project Impact: The project has received key regulatory approvals, paving the way for the first U.S.-based wave energy system, which aims to support local job creation and advance sustainable energy infrastructure.
See More
Eco Wave Power Achieves Key Milestone in Suao Port Project
- Project Progress: Eco Wave Power has achieved a key milestone in its wave energy project at Suao Port, Taiwan, marking the company's ongoing innovation and development in renewable energy, which is expected to enhance its competitiveness in the global wave energy market.
- Technological Leadership: As a leading developer of onshore wave energy technology, Eco Wave Power's innovations will help improve energy efficiency and reduce reliance on traditional fossil fuels, thereby promoting the achievement of sustainability goals.
- Market Potential: The successful implementation of this project will not only support Taiwan's energy transition but may also attract more investors to the wave energy sector, further driving overall industry growth.
- Strategic Importance: By advancing its project in Taiwan, Eco Wave Power demonstrates the feasibility of its technology while laying the groundwork for future expansion into other markets, thereby strengthening its strategic positioning in the global renewable energy landscape.
See More
Eco Wave Power Signs Key Land Lease Agreement in Taiwan
- Land Lease Agreement Signed: Eco Wave Power, in partnership with I-Ke International Ocean Energy, signed a five-year land lease agreement in December 2025, marking a critical development phase for the wave energy project at Suao Port in Taiwan, which is expected to enhance the company's expansion in the Asia-Pacific market.
- Clear Implementation Pathway: Under the lease terms, Eco Wave Power must submit the land use rights transfer application to the Taiwan International Ports Corporation by March 22, 2026, with all port work permits anticipated to be obtained by October 2026, ensuring smooth project progression.
- Technological Innovation and Market Potential: The project aims to install Taiwan's first 100 kW onshore wave energy conversion unit at Suao Port, demonstrating the feasibility of locally manufactured wave energy systems in new international markets and further driving renewable energy investments in Taiwan.
- Strengthened Regional Collaboration: The partnership between I-Ke and Eco Wave Power will enhance Taiwan's renewable energy portfolio, as both parties are committed to integrating wave energy technology into existing port infrastructure to support the country's clean energy transition.
See More
Eco Wave Power Technology Showcased at NVIDIA GTC
- Technology Showcase: Eco Wave Power's wave energy technology was featured at NVIDIA GTC, highlighting the company's innovative capabilities in renewable energy, which may attract increased investor interest.
- Industry Impact: The presentation was led by NVIDIA CEO Jensen Huang, emphasizing Eco Wave Power's potential applications in artificial intelligence and accelerated computing, potentially opening new market opportunities for the company.
- Brand Exposure: By showcasing at a globally recognized technology conference, Eco Wave Power enhanced its brand visibility, which could strengthen its market position in the renewable energy sector.
- Strategic Collaboration Potential: The partnership with NVIDIA demonstrates Eco Wave Power's potential for technological integration, paving the way for future strategic collaborations and technology development.
See More
Eco Wave Power's Technology Showcased at NVIDIA GTC
- Technology Showcase: Eco Wave Power's technology was featured at NVIDIA GTC, highlighting the potential of ocean waves as a renewable electricity source, indicating the company's innovative capabilities in the renewable energy sector.
- AI and Energy Integration: The demonstration utilized digital twin technology to show how AI can optimize energy infrastructure design, addressing the increasing electricity demand, particularly in the context of expanding AI infrastructure.
- Global Project Expansion: The company is advancing wave energy projects in Israel, the United States, Portugal, Taiwan, and India, with a planned total capacity of 404.7 MW, showcasing its ambitions in the global renewable energy market.
- Industry Recognition: Eco Wave Power has received international recognition, including support from the EU Regional Development Fund and the United Nations Global Climate Action Award, further solidifying its leadership position in the renewable energy sector.
See More
Eco Wave Power Reports FY 2025 Financial Results
- Revenue and Expense Overview: Eco Wave Power reported FY 2025 revenue of $30,000, with operating expenses rising 28% to $3.15 million, primarily reflecting the company's ongoing investments in international projects and technology development, indicating a strong commitment to global market expansion.
- R&D and Marketing Expenses: Research and development expenses increased by 37% to $733,000, mainly for technology development in Israel, Portugal, and the U.S., while marketing expenses rose 36% to $409,000, reflecting significant investments in new hires and international project development in the U.S. subsidiary.
- Net Loss and Financial Position: The net loss for 2025 was $3.724 million, up 77% from 2024, primarily due to continued R&D investments and expansion of the global project pipeline, although the company maintained $6.3 million in liquidity, indicating a solid financial position.
- Joint Venture Losses: The share of net loss from a joint venture increased by 20% to $95,000, primarily due to depreciation and operational costs associated with the joint venture's activities, highlighting the financial pressures faced in collaborative projects.
See More
EXCLUSIVE: Eco Wave Power Marks US Manufacturing Debut With Port Of Los Angeles Project
Manufacturing Deal Announcement: Eco Wave Power Global has signed a manufacturing agreement with All-Ways Metal, Inc. to produce floaters for its wave energy project at the Port of Los Angeles, with delivery expected in 70 days.
Regulatory Milestones and Project Impact: The project has received key regulatory approvals, paving the way for the first U.S.-based wave energy system, which aims to support local job creation and advance sustainable energy infrastructure.
See More
