Eco Wave Power and AltaSea Align on Official Launch Date for First-Ever U.S. Wave Energy Project at the Port of Los Angeles | WAVE Stock News

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Jun 25, 2025
  • Eco Wave Power (WAVE, Financial) sets September 9, 2025, as the launch date for its first U.S. wave energy project at the Port of Los Angeles.
  • The project, a collaboration with AltaSea, will convert wave motion into electricity using innovative floaters and land-based units.
  • Supported by Shell's Marine Renewable Program, the initiative emphasizes local manufacturing and U.S. job creation.

Eco Wave Power (NASDAQ: WAVE) has officially announced September 9, 2025, as the launch date for its groundbreaking wave energy pilot project at the Port of Los Angeles. This marks the first-ever onshore wave energy project in the United States, developed in collaboration with AltaSea.

The innovative energy solution will utilize floaters attached to existing marine infrastructure to convert wave motion into clean electricity through land-based conversion units. This method offers a potentially more cost-effective and easily maintainable alternative to traditional offshore systems.

The project has made significant progress with the completion of three floaters, which are undergoing final preparations at All-Ways Metal, a California-based fabrication company. This underscores Eco Wave Power's commitment to local manufacturing and job creation in the U.S.

Backed by Shell's Marine Renewable Program, the project highlights the feasibility of turning ports like the one in Los Angeles into clean energy hubs. This pilot could serve as a crucial proof-of-concept, inspiring other coastal cities to explore wave energy as a viable renewable source.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.