Eco Wave Power awarded for innovation

EWP was awarded for its wave energy generation technology, which was developed to produce electricity for cheaper than traditional energy generation methods such as: coal, gas and oil and also cheaper than renewable energy generation methods such as: wind or solar.

“The judges were really taken with the world-changing potential of Eco Wave Power,” said David Stark, a principle at “OURCROWD” investment platform and one of the judges in the competition. “The company has introduced a number of innovations to the technical design of its solution, aiming to avoid the known pain points of other wave energy products on the market.

“This appears to be the reason the company has garnered such market interest in a relatively short period of time. If the company can execute on its vision of delivering economically competitive energy to the grid it will be a true game-changer,” he added.

The company, which was set up in 2011, has become a significant player in the wave energy industry. It has also won the Frost and Sullivan Product Innovation award, and earlier this year, the company won the International Energy Globe Awards in the Best Project in Israel category.