Eco Wave Power To Be Involved in Powering Thailand’s Remote Islands

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Eco Wave Power's Gibraltar location is on the East side of The Rock.

Researchers win grant to establish first onshore wave energy converters to power Thailand’s remote islands

Since 2016, Eco Wave Power has operated a grid-connected onshore wave energy floaters array in Gibraltar, and it is currently finalising the construction of its second grid-connected wave energy array in Israel. The consortium chose WECs produced by Eco Wave Power for this project as they offer many competitive advantages regarding cost-efficiency, insurability, reliability, and environmental friendliness.

The new project “Sea Wave Energy Powered Microgrid for Remote Islands and Rural Coasts”, is funded as part of Innovate UK’s Energy Catalyst programe and will be carried out in collaboration with Eco Wave Power, (Eco Wave Power Global, Ticker Symbol: ECOWVE), the Asian Institute of Technology (AIT) of Thailand, and the Provincial Electricity Authority (PEA) of Thailand.

Dr Guang Li, Reader in Control Engineering and investigator of the project, said: “Wave energy is a continuous power source, and still has lots of unlocked potential. We are especially pleased to receive this award from Innovate UK’s Energy Catalyst program to study the cutting-edge solutions for enhancing WEC potential and contribute to the commercialisation of wave energy in islands with additional microgrid applications. Microgrids are part of the future grid systems and are a great solution for small communities to provide energy resilience and even disaster recovery.”

“We are grateful for Innovate UK’s vote of confidence and are very excited to start working with our collaborators Eco Wave Power, the Asian Institute of Technology (AIT) and the Provincial Electricity Authority (PEA) of Thailand.

EWPG Holding AB (publ) (“Eco Wave Power” or the ”Company“) is a Swedish company, founded in Tel Aviv, Israel, in 2011, that has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power owns and operates a wave energy array, which is connected to the grid in accordance with a Power Purchase Agreement (PPA).

About Eco Wave in Gib –

Eco Wave Power Gibraltar

In 2014, Eco Wave Power signed a 5MW PPA (Power Purchase Agreement) with the Government of Gibraltar and the Gibraltar Electricity Authority.

The construction was co-funded by The EU Regional Development Fund as well as private investments groups.

In May, 2016, EWP and the Government of Gibraltar held an official opening ceremony of the newly constructed wave energy power station on the east side of Gibraltar.

Now, at a former World War II Ammunition Jetty, sits the initial 100KW of a 5MW power station.

EWP’s Gibraltar project is our first grid connected project and a significant step towards the the commercialisation of the EWP technology. Today, the station is the only grid-connected wave energy array in the world, operating through a PPA (Power Purchase Agreement).

Eco Wave Power ups Gibraltar project numbers –

Eco Wave Power said it has seen improvements in power output and significant cost reductions for its grid-connected wave energy power plant in Gibraltar.

As a result of an upgrade of the automation and control system, as well as experience gained in operations and maintenance, Eco Wave Power said it has managed to significantly increase uptime for the Gibraltar power plant.