Alliance Global Partners bullish on Eco Wave Power after MOU to enter India
Eco Wave Power's MOU with Bharat Petroleum: Eco Wave Power has signed a memorandum of understanding with Bharat Petroleum Corporation Limited, marking its first potential opportunity in India, which is viewed positively by Alliance Global Partners due to the established nature of the partner.
Investment Outlook: Alliance Global Partners maintains a Buy rating on Eco Wave Power shares, setting a price target of $14, highlighting the strategic advantage of partnering with a major local player.
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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.
EXCLUSIVE: Eco Wave Power Rides New Wave With LA Permit To Launch US Pilot Project
Permit Approval for Wave Energy Project: Eco Wave Power Global AB has received a Revocable Permit from the Port of Los Angeles to construct and demonstrate its wave energy system at Berth 70, marking a significant step in its U.S. expansion and enabling the start of construction on a pilot project co-funded by Shell Marine Renewable Energy.
Potential Impact of Wave Energy: The pilot project aims to advance clean energy technology and could serve as a model for future large-scale wave energy deployments, with the U.S. Department of Energy estimating that wave energy could generate enough power for approximately 130 million homes annually.
