$WAVE

Eco Wave Power (NASDAQ: WAVE) has partnered with AI engineering GmbH to develop an AI-powered Digital Twin platform for its wave energy technology. The collaboration aims to optimize system performance and scalability using advanced simulation and machine learning. Phase 1 focuses on modeling wave interactions with Eco Wave Power's floaters, comparing simulated results with real-world data. Both companies are members of the NVIDIA Inception program.

Eco Wave Power Global AB (NASDAQ: WAVE) reported April and May 2026 production from its grid-connected EWP-EDF One wave power station at Jaffa Port, Israel. April generated about 461 kWh with 26.2 kW peak; May generated about 1,004 kWh with 39.1 kW peak. It cited zero system downtime since 2025 and exports under a PPA with Israel Electric Corporation.

Eco Wave Power Global AB (NASDAQ: WAVE) said APDL began rehabilitation of the Barra do Douro breakwater in Porto, Portugal, after storm damage. The works are intended to restore coastal infrastructure needed for the company’s first 1 MW wave energy installation. APDL agreed to support a grid-connection deadline extension; CEO Inna Braverman will meet APDL and subcontractors in mid-August 2026.

Siemens Energy was appointed to operate Guyana’s 300 MW gas-to-energy combined-cycle plant, with operations expected in early 2027, drawing gas from ExxonMobil’s Stabroek Block. Corvus Energy will supply 40 MWh battery systems for four BC Ferries hybrid vessels. Eco Wave Power reported H1 2026 operating expenses down 9%.

Eco Wave Power Global AB (publ) (NASDAQ: WAVE) reported H1 2026 results for the six months ended June 30. The company said net loss fell about 12% vs. H1 2025, operating expenses fell about 9%, and cash rose about 58%. It raised $4.0 million gross via a registered direct offering at $10.00 per ADS with warrants. The company also cited AI/digital-twin work and NVIDIA-related visibility.

Eco Wave Power Global AB (NASDAQ: WAVE) said Israel’s Ministry of Energy and Infrastructure and the Israel Innovation Authority will invest NIS 6 million (about $2 million) in a Blue-Tech initiative supporting marine renewable technologies, including wave energy and AI marine energy management. The company operates a grid-connected wave station at Jaffa Port under a power purchase agreement with Israel Electric Corporation.

Eco Wave Power Global AB (NASDAQ: WAVE) said California’s Final SB 605 Consultant Report on sea space analysis for wave and tidal energy references its Port of Los Angeles wave pilot. The report concludes SB 605 Phase 2 and was prepared for the California Energy Commission with multiple state agencies and stakeholders. Eco Wave Power also cited its U.S. Army Corps Nationwide Permit and operational AltaSea installation.

Eco Wave Power Global (NASDAQ: WAVE) priced a registered direct offering with one strategic institutional investor: 400,000 ADS at $10.00 each, a 10.7% premium to the last Nasdaq close. Gross proceeds are expected at $4.0 million. The investor will also receive warrants for 300,000 ADS at $12.00, exercisable immediately and expiring in 3 years. Closing is expected around June 26, 2026.

Eco Wave Power Global AB (Nasdaq: WAVE) priced a registered direct offering with a single institutional investor: 400,000 ADS at $10.00 each (10.7% premium to the prior close), gross proceeds $4.0 million. The investor also receives warrants for 300,000 ADS at a $12.00 exercise price, exercisable immediately and expiring in 3 years. Maxim Group is placement agent; closing expected June 26, 2026.

Eco Wave Power U.S. has joined the NVIDIA Inception program to advance AI-driven renewable energy infrastructure. The company plans to integrate AI for real-time optimization, predictive maintenance, digital twins, ocean data analysis, and intelligent energy management, positioning its U.S. subsidiary as a central AI hub. This move aims to address the massive electricity demand from AI and high-performance computing by developing scalable, proximity-based renewable energy solutions near coastal infrastructure.