Eco Wave Power Global AB (publ)

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.

Eco Wave Power Global AB (publ) announced its Annual General Meeting (AGM) to be held on June 30, 2026. Key proposals include authorizing the board to increase share capital through new issues, potentially with deviation from preferential rights, to facilitate acquisitions or broaden the shareholder base. Additionally, the board seeks authorization to repurchase up to 10% of the Company's own shares. The board also proposed that no dividend be paid for the financial year 2025.

Eco Wave Power Global announced that its U.S. subsidiary has joined the NVIDIA Inception program, an initiative designed to support companies advancing artificial intelligence and high-performance computing. This partnership provides Eco Wave Power U.S. with access to NVIDIA's developer tools, technical resources, and ecosystem support to accelerate the development of AI-driven applications for renewable energy infrastructure. The company plans to integrate AI into various aspects of its wave energy operations, including optimization, predictive maintenance, and digital twin modeling, positioning its U.S. arm as the central hub for global AI initiatives.

Eco Wave Power reported Q1 2026 financial results, showing an 11% reduction in operating expenses to $682 thousand, with $5.3 million in cash and short-term deposits. The company is strategically positioning its wave energy technology within the emerging AI-driven energy infrastructure market, highlighted by its feature in NVIDIA's GTC conference. Operationally, Eco Wave Power completed its U.S. pilot project at the Port of Los Angeles and advanced its megawatt-scale project in Portugal, while continuing successful operations in Israel.

Eco Wave Power Global AB (publ) announced that NVIDIA has featured the company in a short film published across its global social media platforms. The film highlights Eco Wave Power's vision of leveraging artificial intelligence to optimize wave energy generation, following previous recognition in an NVIDIA keynote. The company is actively developing AI-driven capabilities to enhance its technology, believing wave energy can play a crucial role in powering the next generation of coastal data centers.