Eco Wave Power (WAVE) RedChip Future Tech Investor Conference summary

Market opportunity and industry trends

• Wave energy offers the highest availability among renewables, with potential to supply up to 66% of U.S. energy needs and meet surging demand from AI and data centers by 2030.

• Most wave energy developers focus on costly offshore solutions, but the presented technology leverages existing coastal infrastructure for cost efficiency and reliability.

• The technology is environmentally friendly, avoids seabed disruption, and benefits from proximity to population centers for easy grid connection.

• Growing global demand is driven by the need for clean, reliable energy for data centers and AI, with strong interest from energy and tech sectors.

• Regulatory and legislative frameworks are evolving as pilot projects demonstrate feasibility and drive awareness in multiple regions.

Technology and competitive advantages

• The system uses floaters attached to existing marine structures, with all sensitive machinery on land, reducing costs and improving survivability.

• Construction is rapid and cost-effective, with a 100 kW installation built for $450,000 compared to $150 million for traditional offshore projects.

• The technology is fully insurable, has a robust patent portfolio (13 approved, 5 pending), and is recognized by global organizations.

• Strategic partnerships with Siemens, EDF, Shell, and others provide global reach and technical support.

• AI integration is planned to optimize operations and target direct power supply to data centers, leveraging NVIDIA’s Omniverse and GPUs.

Project pipeline and commercialization

• Operational grid-connected projects include Israel (with EDF and Israeli government support) and a pilot in the Port of Los Angeles (with Shell).

• New projects are underway in Taiwan (with I-Ke), India (with Bharat Petroleum), and Portugal (20 MW concession), with expansion into Asia and Europe.

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

• Revenue models include joint ventures, turnkey sales, and a long-term BOO (build-own-operate) strategy to sell energy directly to the grid.

• Pilots are key to establishing regulatory frameworks and paving the way for commercial-scale installations and revenue growth.