ocean energy

Eco Wave Power embarks on $6 million capital raising round

Israeli renewables firm Eco Wave Power has embarked on a $6 million capital raising round to support its plans to take the company public on the Australian Exchange within the next 12 months.
Eco Wave Power embarks on $6 million capital raising round

Founder Inna Braverman stated a term sheet has already been signed with an Australian investment fund and EWP has also finalized a share purchase agreement with a U.S. insurance company.

Australian Minister of Energy and Environment, Josh Frydenberg, accompaniedby the CEO of the Australian Renewable Energy Agency, Ivor Frischknecht,  paid a visit to EWP’s power station in Jaffa Port in Israel, and according to EWP, Frydenberg stated  it represented ‘a very exciting project for Australia.’

The visit follows the one Prime Minister of Israel, Benjamin Netanyahu, made to Australia in February, during which he was accompanied by Braverman as part of the Israeli business delegation.

Last year, EWP switched-on its first grid connected wave energy array, which is selling electricity to the electric grid of Gibraltar. The station was co-funded by the European Union and is a part of a total planned capacity of 5MW, which will provide up to 15% of all Gibraltar’s electricity needs.

For additional information:

Eco Wave Power

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).