Israel’s Electric Authority Sets Feed-in Tariff for Eco Wave Power’s EWP-EDF One Project, which Enables the Commencement of the Official Grid Connection Works by The Israeli Electric Company
TEL AVIV, ISRAEL (August 23, 2022) –– Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) (“Eco Wave Power” or the “Company”) is pleased to announce that the Israeli Electric Authority (IEA) has set an official Feed-in Tariff (“FIT”) for the Company’s newly-installed wave energy pilot project (“EWP-EDF One Project”) at the Port of Jaffa in Tel Aviv, Israel.
With the FIT in place, the Israeli Electric Company (IEC) commenced operations to officially connect the EWP-EDF One wave energy project to Israel’s energy grid. Once connected, the EWP-EDF One Project will represent