Eco Wave Power (WAVE) investor relations material

Market opportunity and technology overview

• Wave energy offers the highest availability among renewables, operating 24/7 and serving coastal populations, which represent 60% of the global population.

• U.S. wave energy potential could supply up to 66% of national energy needs, with growing demand from AI and data centers located near coastlines.

• Traditional offshore wave energy projects face high costs and survivability issues, while the presented technology leverages existing coastal infrastructure for cost efficiency and reliability.

• The system uses floaters attached to piers and breakwaters, with all sensitive machinery on land, reducing construction time and costs.

• Installation on existing structures eliminates land costs and enables short, efficient grid connections near population centers.

Competitive advantages and project pipeline

• Technology is environmentally friendly, does not connect to the seabed, and is fully insurable by global insurers.

• Achieved a 100 kW installation for $450,000, a fraction of traditional offshore costs, with automatic storm protection for floaters.

• Holds 18 patents (13 approved, 5 pending) across Israel, Europe, the U.S., and internationally.

• Operates the first grid-connected wave energy project in Israel and a pilot in the Port of Los Angeles, with expansion plans in Taiwan, India, and Portugal.

• Over 400 MW in the project pipeline, with ongoing discussions for new projects and partnerships.

Strategic direction and industry positioning

• Short-term revenue comes from joint ventures and turnkey sales; long-term strategy is to own assets and sell energy directly for 25 years.

• Pilots in multiple regions are key to establishing regulatory frameworks and market awareness for wave energy.

• Recognized as the most advanced wave energy company, with three years of grid-connected experience and strong support from research agencies.

• Strategic partnerships include EDF, Shell, Bharat Petroleum, and IKE, with recognition from the UN and European institutions.

• Technology is positioned to meet surging energy demand from AI and data centers, with plans to integrate AI for operational improvements.