SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of August 2024 (Report No. 2)
Commission File Number
001-40554
Eco Wave Power Global AB (publ)
(Translation of registrant’s name into
English)
52 Derech Menachem Begin St.
Tel Aviv – Yafo, Israel 6713701
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
On August 5, 2024, Eco Wave Power Global AB (publ)
issued a press release titled “Eco Wave Power Officially Kicks Off the First MW Scale Wave Energy Project in Portugal,” a
copy of which is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.
The first, second, third, fifth,
sixth, and seventh paragraphs and the paragraph titled “Forward-Looking Statements” in the press release furnished as
Exhibit 99.1 hereto are incorporated by reference into the Company’s Registration Statement on Form F-3 (Registration No. 333-275728)
filed with the Securities and Exchange Commission to be a part thereof from the date on which this Report of Foreign Private Issuer on
Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Eco Wave Power Global AB (publ) |
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By: |
/s/ Aharon Yehuda |
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Aharon Yehuda |
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Chief Financial Officer |
Date: August 5, 2024
2
Exhibit 99.1
Eco Wave Power Officially Kicks Off the First
MW Scale Wave Energy Project in Portugal
Project is Built as Part of a 20 MW Concession
Agreement and Will Feature a First of its Kind Underwater Wave Energy Museum
Porto, Portugal –
August 5 , 2024 – Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) (“Eco Wave Power” or the “Company”),
a leading, publicly-traded onshore wave energy technology company, is pleased to announce that Inna Braverman, Founder and Chief Executive
Officer of Eco Wave Power, and Eco Wave Power’s engineering team, have arrived for a meeting and an official site-visit with APDL
(Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A),
and other relevant stakeholders for the official kickoff of the Company’s first MW-scale wave energy project, to be located in the
city of Porto, in Portugal.
Following the meeting
with APDL, Eco Wave Power’s engineering team held a site visit to the breakwater and the room underneath the breakwater (“The
Gallery”), where Eco Wave Power’s energy conversion equipment will be installed, and later opened to the public, as a first
of its kind wave energy museum and education center.
During the site visit,
Eco Wave Power’s team met with local subcontractors and manufacturers, to choose the preferred entities that will take part in the
execution of this innovative project.
Inna Braverman, Founder
and Chief Executive Officer of Eco Wave Power said: “We believe that this will be the first wave energy project in the world to
show significant energy production from the power of the waves. I truly believe that this revolutionary project will position Eco Wave
Power as a leading wave energy developer and serve as a significant milestone towards the commercialization of our wave energy technology
globally. I would like to thank the Municipality of Porto and APDL, for being true wave energy pioneers, by enabling and supporting the
development of an innovative, environmentally friendly energy generation technology, which will serve to lower the port’s carbon
footprint, while creating new workplaces and an innovative industry in Portugal.”
The first MW project
is being executed in line with a 20MW Concession Agreement entered into with APDL and is planned to be followed by a gradual expansion
to the whole 20MW of installed capacity.
In March 2024, the Company
received the final approval necessary for the commencement of the construction works of our first commercial-size project in Porto (TURH
license) from APDL Port Authority, and issued a performance bond to APDL, meant to solidify the Company’s commitment for the construction
of the first commercial wave energy project within a 2-year period.
Eco Wave Power’s
project is well in line with the renewable energy plan of the Government of Portugal, as in July, 2024, Portugal announced that it aims
to generate 85% of its annual electricity production from renewable sources by 2030, compared to 61% in 2023, one of the highest ratios
in Europe.
Eco Wave Power is being
advised by partner Joana Brandão and her team from leading Portuguese law firm PLMJ. Joana and the firm have significant experience
in supporting the regulatory framework for renewable energy projects execution across Portugal and have been assisting Eco Wave Power
since 2020.
About Eco Wave Power
Global AB (publ)
Eco Wave Power is a leading
onshore wave energy company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green
electricity.
Eco Wave Power’s
mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.
The Company owns and
operates a grid connected wave energy project in Israel, with co-investment from EDF Renewables IL and the Israeli Energy Ministry, which
recognized Eco Wave Power’s technology as “Pioneering Technology.” The Israeli wave energy project marks the first
grid-connected wave energy system in Israel’s history.
Eco Wave Power will soon
commence the installation of its third and fourth wave energy projects, in the Port of Los Angeles, and in Portugal. The Company also
holds a total projects pipeline of 404.7MW.
Eco Wave Power received
funding from the European Union Regional Development Fund, Innovate UK and the European Commission’s Horizon 2020 framework program
and was honored with the “Global Climate Action Award” from the United Nations.
Eco Wave Power’s
American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.
Read more about Eco Wave
Power at www.ecowavepower.com.
*Information on, or accessible
through, the websites mentioned above does not form part of this press release.
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses its belief
that this will be the first wave energy project in the world to show significant energy production from the power of the waves, and that
this revolutionary project will position Eco Wave Power as a leading wave energy developer and serve as a significant milestone towards
the commercialization of its wave energy technology globally. Forward-looking statements can be identified by words such as: “anticipate,”
“intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,”
“expect,” “strategy,” “future,” “likely,” “may,” “should,” “will”,
or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither
historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and
are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco
Wave Power’s control that could cause actual results to differ materially from those described in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes
no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco
Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal
year ended December 31, 2023 filed with the SEC on March 28, 2024, which is available on the on the SEC’s website, www.sec.gov,
and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date
hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated
by reference into this press release.
For more information,
please contact the Company at:
info@ecowavepower.com
+97235094017
Grafico Azioni Eco Wave Power Global AB (NASDAQ:WAVE)
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