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Stock impact report

Eco Wave Power Receives Final Permit from U.S. Army Corps of Engineers for U.S. First Wave Energy Project, at Port of Los Angeles [Yahoo! Finance]

Eco Wave Power Global AB (publ) - American Depositary Shares (WAVE) 
Company Research Source: Yahoo! Finance
onshore wave energy technology, is pleased to announce it has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its groundbreaking wave energy project at AltaSea's premises at the Port of Los Angeles This milestone marks a significant step forward in the development of Eco Wave Power's pioneering wave energy project, which is set to become the first onshore wave energy installation in the United States . The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorizes Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One. The system will also include an energy conversion unit, comprised of two 20-foot shipping containers, which will be placed on the wharf deck and connected to the floaters. With the conversion unit already shipped and located on site, Eco Wave Power plans to complete installation by the end of Q1 2025. Show less Read more
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