The company's technology is designed to be used near the shore alongside pre-existing infrastructure such as piers, jetties and breakwaters, making the technology more sustainable and financially viable. Eco Wave Power is expanding globally with projects in Los Angeles, Taiwan, and Portugal, with an impressive project pipeline totalling 404.7 MW.
Cyborg Score Rationale
The company demonstrated strong wave energy production performance at its Jaffa Port project in December 2025, maintaining zero downtime since the beginning of 2025 with stable operation in 1 meter wave conditions. The company's stock surged 811% year-to-date, indicating strong market confidence. However, wave energy faces competition from more established renewable sources like solar and wind, which have achieved greater cost efficiencies through scale.
Top Insights
Following the launch of Eco Wave Power's Los Angeles Pilot on September 9, 2025, the company has expanded its operational footprint to multiple geographies.
Eco Wave Power's innovative drone-based maintenance partnership could significantly reduce operational costs, which currently account for up to 4% of project CAPEX annually at the Jaffa Port and Gibraltar sites.
Since the start of conflict in the region, Eco Wave Power has been approached by national electric companies and engineers in Turkey, Saudi Arabia, Iran, and Qatar to explore the potential of this technology.
The company is recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and has received the "Global Climate Action Award" from the United Nations.
Named Competitors
Floating Offshore Wind — Alternative offshore renewable energy technology
Solar and Wind Energy — Established renewable energy sources with greater scale efficiencies
Tidal Energy Systems — Alternative ocean-based renewable energy technology
Recent Developments
(January 2026) Announced key progress in Porto, Portugal 1 MW wave energy project with completion of wave and loads assessment and submission of full execution plan.
(December 2025) Company held official inauguration of the Jaffa Port station, which is now exporting electricity into Israel's national grid, marking a major milestone for wave energy in the Middle East.
(September 2025) Company launched Los Angeles Pilot and unveiled partnership with BladeRanger Ltd. to revolutionize wave energy system maintenance through automated drone technology.
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