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Stock impact report

Eco Wave Power Announces H1 Results; Unveils Data from its Grid-Connected Project That Won the EDF Pulse Award, Kicks-Off Portugal Project, and Announces Green Light for its Shares Repurch...

Eco Wave Power Global AB (publ) - American Depositary Shares (WAVE) 
Company Research Source: Yahoo! Finance
STOCKHOLM Aug. 29, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (" Eco Wave Power " or the "Company") (Nasdaq: WAVE), a leading, publicly traded onshore wave energy technology company that has developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electricity, is pleased to report its financial results as of and for the six months ended June 30, 2024 and provide a corporate update. Management Commentary Operations During the first half of 2024, Eco Wave Power continued to demonstrate resilience by decreasing its operating expenses by 1.6% compared to the first half of 2023, ending the quarter with $7.48 million in cash and in short term bank deposits. At the same time, we have achieved the following milestones: In Israel , the EWP-EDF One Project in the Port of Jaffa, has been delivering clean energy from the waves to the Israeli National electrical grid, since its connection to the grid in the end of 2023. An opening cer Show less Read more
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