Eco Wave Power Global AB ADR (WAVE)

Nov 2, 2026

Eco Wave Power has successfully completed the first phase of its AI-powered Digital Twin development program with AI engineering GmbH, supported by NVIDIA. This phase created a physics-based digital model of how ocean waves interact with Eco Wave Power’s floaters, incorporating simulations and initial machine-learning capabilities. The initiative aims to enhance the predictability, optimization, and scalability of wave energy, with potential applications extending to supplying renewable electricity to AI data centers.

Oct 29, 2026

Eco Wave Power Global AB has received its first purchase order from Bharat Petroleum Corporation Limited (BPCL) for a site assessment study in Mumbai, India. This marks a significant step in their collaboration to introduce wave energy technology into the Indian market, following an MoU signed in 2025. The assessment will evaluate the technical feasibility of installing Eco Wave Power's onshore wave energy technology at BPCL’s Marine Oil Terminals, contributing to India's clean energy goals and BPCL's Net Zero emissions target.

Oct 29, 2026

Eco Wave Power Global AB (publ) announced a significant milestone in its collaboration with Bharat Petroleum Corporation Limited (BPCL), following the issuance of a purchase order for the initial site assessment phase of a planned wave energy project in Mumbai, India. This assessment, expected to be completed within four months, will evaluate the technical feasibility of installing Eco Wave Power's onshore wave energy technology at BPCL's Marine Oil Terminals, marking a concrete step towards turning India's vast wave energy potential into reality. The project aims to contribute to India's clean energy future and BPCL's Net Zero emissions goal by 2040, potentially leading to larger commercial-scale deployments.