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Eco Wave Power Announces That On July 10, 2025 It Participated In €2.45M EU-Funded Consortium To Advance Scalable Wave Energy Across Atlantic Region

Benzinga·07/15/2025 13:06:41
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Consortium Including Eco Wave Power Secures €2.45 Million Grant to Deploy Scalable

Wave Energy Solutions Across Atlantic Region

 

Stockholm, Sweden — July 10, 2025 — Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leader in onshore wave energy technology, is proud to announce its participation in the Atlantic Wave Energy Sustainable Deployment Initiative (AWESDI) – a newly approved €2.45 million transnational project funded under the Interreg Atlantic Area Programme's Third Call for Proposals.

The project, which targets Priority 2.1 of the Atlantic Area Programme, promoting energy efficiency and reducing greenhouse gas emissions, aims to advance the sustainable and scalable deployment of wave energy technologies in Atlantic coastal regions.

The Atlantic Area Programme, co-funded by the European Union through the European Regional Development Fund (ERDF), supports transnational cooperation projects that advance sustainable development and regional cohesion in Atlantic coastal regions. The approved projects span key areas such as climate resilience, renewable energy, and blue innovation—reinforcing Eco Wave Power's role at the forefront of the global clean energy transition.

 

The AWESDI project is coordinated by the Centro de Investigación Mariña (CIM) of the University of Vigo and brings together an international consortium of top research institutions, private sector leaders, and government organizations from Portugal, Spain, France, and Ireland. In addition to Eco Wave Power, project partners include:

  Universidade do Porto (Portugal)
  Université Le Havre Normandie (France)
  University College Cork (Ireland)
  Marine Institute (Ireland)
  GEPS Techno (France)
  Groupe Legendre (France)
  Fundamar (Spain)
  Pôle Mer Bretagne Atlantique (France)
  Atlantic Technological University (Ireland)
  Xunta de Galicia (Spain)

As part of its contribution, Eco Wave Power will:

  Support feasibility studies for onshore and nearshore deployment sites in Portugal;
  Provide operational insights and performance data from existing wave energy installations;
  Validate the Sustainable Design Toolkit and inform permitting and deployment planning; and
  Contribute to the development of the Wave Energy Deployment Roadmap from an industry perspective.