Eco Wave Power Global AB (publ)

Eco Wave Power Global announced significant progress on its 1 MW wave energy project in Porto, Portugal, as APDL officially commenced rehabilitation works on the Barra do Douro breakwater. The company's CEO, Inna Braverman, will meet with APDL to establish the completion timeline for the rehabilitation and coordinate the installation phase. APDL has also agreed to support Eco Wave Power's request for an extension of the grid-connection deadline, aligning it with the infrastructure works. The CEO will also meet with local subcontractors to prepare for the project's execution phase.

Eco Wave Power Global AB reported a 12% reduction in net loss and a 9% decrease in operating expenses for the first half of 2026. The company's cash position significantly increased by 58% to $8.15 million, bolstered by a $4.0 million registered direct offering. Strategic advancements include enhanced AI integration, completion of the Port of Los Angeles pilot, and progress on projects in Portugal and Taiwan, indicating strong operational momentum and financial discipline.

Eco Wave Power Global welcomed a new Israeli government initiative to invest NIS 6 million (approximately $2 million USD) in Blue-Tech energy technologies, including wave energy. The program, launched by the Ministry of Energy and Infrastructure and the Israel Innovation Authority, aims to advance marine renewable energy innovation. The company highlighted its existing grid-connected wave energy power station at Jaffa Port and its technology's alignment with the initiative's goals, including AI and digital twin integration. This development, alongside California's SB 605 report, signifies growing international recognition and commercialization momentum for wave energy.

Eco Wave Power's Port of Los Angeles wave energy pilot project was highlighted in California's Final SB 605 Consultant Report, a comprehensive assessment of marine renewable energy. The report acknowledges the company's progress, including its U.S. Army Corps of Engineers permit and deployment at AltaSea. This recognition is seen as a significant step towards marine energy commercialization in California, validating Eco Wave Power's infrastructure-based technology and its potential to reduce environmental impacts. The company continues to advance its global project portfolio.

Eco Wave Power Global AB (publ) held its Annual General Meeting (AGM) on June 30, 2026, where shareholders adopted the 2025 financial statements and resolved not to pay a dividend for the year. The AGM re-elected six board members, including Mats Andersson as Chairman, and re-appointed PricewaterhouseCoopers AB as the auditor. Additionally, shareholders authorized the board to increase share capital, purchase and transfer own shares, and increase share capital in the event of a takeover bid.

Eco Wave Power Global AB announced the successful closing of a $4.0 million strategic financing through a registered direct offering. The offering, priced at $10.00 per ADS, represented a 10.7% premium to the previous Nasdaq closing price. The company also issued warrants to purchase up to 300,000 ADSs at an exercise price of $12.00 per ADS, a 32.9% premium. Proceeds will be used to advance its global project portfolio and further develop its AI-driven technology for wave energy.

Eco Wave Power Global AB announced a registered direct offering to a single strategic institutional investor, expecting to raise $4.0 million in gross proceeds. The offering includes 400,000 American Depositary Shares (ADSs) and warrants to purchase an additional 300,000 ADSs, priced at $10.00 per ADS and warrant, representing a 10.7% premium to the market. The company intends to use the net proceeds to advance its global expansion and further develop its position as an energy layer for AI infrastructure.

Eco Wave Power Global AB announced a collaboration with NVIDIA, leveraging NVIDIA AI infrastructure and digital twins to advance its wave energy technology. The partnership focuses on optimizing wave energy systems through simulations, predictive analytics, and real-time operational improvements. The company is also exploring using wave power to directly supply energy to data centers, with a pilot project underway at the Port of Los Angeles. New projects are being developed in Portugal, Taiwan, and India.

Eco Wave Power Global AB (publ) announced it is advancing discussions with Florida Atlantic University (FAU) and the University of Michigan to develop AI-powered wave energy applications. The initiative focuses on two tracks: the continued development of WaveGPT, an AI-driven operational intelligence platform, and a potential collaborative grant submission for a wave-powered, AI-optimized coastal data center concept. This collaboration aims to combine wave energy generation, advanced cooling technologies, and digital twins to support the rapidly growing energy demands of artificial intelligence.

Eco Wave Power Global AB (publ) announced its wave energy technology was featured for the second time in an NVIDIA GTC keynote, specifically at GTC Taipei 2026. This highlights the growing role of digital twins and simulation in energy infrastructure optimization. The company is also advancing its Taiwan wave energy project, having secured a land use agreement for a pilot installation at Suao Port, and continues to integrate AI-driven technologies across its global portfolio.