Siemens Completes the Assembly of the Electrical Section of the Eco Wave Power Conversion Unit

Onshore marine energy developer, Eco Wave Power (EWPG Holding AB) has achieved the next step towards the implementation of the company’s second grid-connected project. Today, Siemens have finalized the assembly of the electrical Section of the EWP conversion unit for its Jaffa Port project, which will be followed by testing phase of the integrated unit’s performance.

The Eco Wave Power conversion unit is an integral part of the Eco Wave Power technology. The conversion unit is combined from hydraulic and electrical parts, jointly integrated, which are responsible for transforming the movement of the waves into pressure which is created in the accumulators. The pressure is then used to rotate a hydraulic motor, which is in turn rotating the generator and transferring clean electricity into the grid via an inverter.

All parts from the generator and up to the grid connection point, have been purchased from and assembled by Siemens. The design, procurement and execution of the electrical system has been made in coordination with IEC (The Israeli Electric Company) and is up to all required standards, in order to enable smooth connection to the country’s electrical grid. 

The entire conversion unit (hydraulic and electrical) has been designed and assembled in a standard-sized shipping container located on land, just like a traditional power station. The compact and portable design allows for simple and efficient transportation to the site. Furthermore, the operation and maintenance will be fully performed from the land side, with no need for divers, marine vessels, underwater mooring, cables, and other expensive marine installation, operation and maintenance methods which are necessary for offshore solutions.

The next step is performing wave simulation testing to the fully integrated conversion unit, to be followed by breakwater reinforcement, floaters production and full system transportation to the final implementation site for installation, automation system calibration, and grid-connection.

“We are one step closer to getting our second grid connected project, and we would like to thank our extremely professional team for their passion and tenacity in achieving this mile-stone. We can confirm that the design, procurement and assembly of the conversion unit, have been running smoothly, and we are pleased with our progress” said Inna Braverman, CEO of Eco Wave Power

This project, executed in collaboration with EDF Renewables IL and co-funding from the Israeli Energy Ministry, will significantly upgrade the EWP technology and reduce scaling risks in the Eco Wave Power commercial-scale projects.

About EWPG Holding AB (SE0012569663)

EWPG Holding AB (publ) (“Eco Wave Power”) is a leading onshore wave energy technology 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 sea and ocean waves.

EWP is recognized as a “Pioneering Technology” by the Israel’s Ministry of Energy and was labelled as an “Efficient Solution” by the Solar Impulse Foundation. Furthermore, EWP’s project in Gibraltar has received funding from the European Union Regional Development Fund and from the European Commission’s HORIZON2020 framework program. The company was also recently recognized by the United Nations in receiving the “Climate Action Award”, which was granted to the company during COP25 in Madrid, Spain.

Eco Wave Power was founded in 2011 and has operations in Sweden, Gibraltar, Australia, Mexico, China and Israel. The major Swedish shareholders in EWPG Holding AB are AP4 and Skandia Fonder. The Eco Wave Power share (EWP, EWPG) is traded on Nasdaq First North Growth Market.

FNCA is the company’s Certified Advisor (+46 8-528 00 399, info@fnca.se).

Read more about Eco Wave Power at: www.ecowavepower.com

Press images and other media material is available for download via the following link: https://www.ecowavepower.com/gallery/photos/.

For more information, please contact:

Andreas Kihlblom, CFO
andreas@ecowavepower.com
+46 (0)8 420 026 94

Yair Rudick, Business Development and Strategy
Yair@ecowavepower.com
+972 350 940 17