Eco Wave Power Global AB (publ) — Cyborg Score 5/10
Mixed
Renewable Energy - Wave Energy Conversion (WEC)
Strategic Profile
As global electricity demand rises with AI and data centers, Eco Wave Power's technology is designed to provide renewable energy near shorelines where many data centers and industrial facilities are located. The company is expanding globally with projects in Portugal, Taiwan, and India, representing a project pipeline of 404.7 MW.
Cyborg Score Rationale
The company generated only $38K in revenue over the trailing twelve months with net income of -$3.7M, reflecting early commercial stage development. At $34.5M market capitalization, WAVE is a micro-cap stock. However, strong international recognition and 404.7 MW project pipeline show strategic promise.
Top Insights
The company operates Israel's first grid-connected wave energy power station at Jaffa Port (EWP-EDF One project), serving as both power generation and R&D site.
Recent launch of the first-ever onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy.
Current ratio of 2.49 indicates strong liquidity position despite pre-revenue stage.
Company has received international recognition from EU Regional Development Fund, Innovate UK, EU Horizon 2020, and UN Global Climate Action Award.
Named Competitors
Marine Power Systems — Marine renewable energy solutions
Orbital Marine Power — Tidal and wave energy developer
CorPower Ocean — Wave energy conversion technology
Recent Developments
(Mar 2026) Most recent SEC filing submitted on March 31, 2026
(2025) Los Angeles pilot project named to TIME's Best Inventions of 2025 list
(Port work expected Oct 2026) Upcoming scheduled event for port work permits
Open the full interactive Eco Wave Power Global AB (publ) report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.