According to the US Energy Information Administration, wave energy off the nation’s coasts can generate the equivalent of about 66 percent of all the electricity generated across the country in 2020.
Eco Wave Power’s onshore technology turns ocean and sea waves into green electricity, enabling commercial power production from the power of the water.
“Shipping of the energy conversion unit marks two significant milestones. First, it is supporting the realization of our efforts to bring our technology to the United States,” said Inna Braverman, founder and CEO of Eco Wave Power.
“Second, the easy relocation of the technology emphasizes the fact that our technology can be easily dismantled and reinstalled to any location. The portable nature of our technology is an important technological advantage, which will enable the company to enter new market segments seeking portable solutions.”
AltaSea President and CEO Terry Tamminen, former Secretary of the California Environmental Protection Agency, said: “We believe that Eco Wave Power aligns well with the AltaSea vision, creating a new way of generating renewable energy, that will help California meet its ambitious goals to address the climate crisis. We are looking forward to welcoming this innovative pilot.”
As part of a coalition led by the Los Angeles Economic Development Corporation, AltaSea and Eco Wave Power are finalists for $32 million in the US Economic Development Administration (EDA) Build Back Better Regional Challenge.
The company is finalizing construction of its grid-connected project in Israel, and holds concession agreements for commercial installations in Europe and has a total projects pipeline of 327.7MW.