Eco Wave Power (WAVE) investor relations material

Market opportunity and industry context

• Wave energy has the potential to generate over 29,500 TWh annually, more than double current global electricity production.

• Two-thirds of the world’s population lives on coastlines, making wave energy highly relevant.

• AI and data centers are driving up electricity demand, with many centers located near water, making wave energy a logical fit.

• Wave energy is less intermittent than other renewables and can provide 24/7 generation in suitable locations.

• Regulatory support is growing, with new bills and funding initiatives in California and at the federal level in the U.S.

Technology and competitive advantages

• Technology is installed on existing man-made structures, keeping expensive equipment on land for cost efficiency.

• Only floaters are in the water, minimizing environmental impact and installation complexity.

• No cost for land use, as breakwaters are typically provided free by ports.

• System is fully modular, scalable, and can be rapidly deployed within 18-24 months.

• Floaters have storm protection mode, and the technology is fully insurable.

Project pipeline and partnerships

• Currently operates grid-connected projects in Israel and the U.S., with support from major partners like EDF and Shell.

• First commercial sale in Taiwan and a pilot in India with Bharat Petroleum; largest project is a 20 MW concession in Portugal.

• Over 404.7 MW in the project pipeline across various development stages.

• Strategic partnerships with EDF, Shell, Bharat Petroleum, and I-Ke, with more AI/data center collaborations planned.

• Actively discussing direct energy supply to data centers, bypassing grid and regulatory delays.