Business
Eco Wave Power Successfully Completes Wave Energy Pilot with Shell at Port of Los Angeles, Advancing Commercial Readiness of Onshore Wave Energy Technology
Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, today announced the successful completion of its wave energy pilot program at the Port of Los Angeles, conducted in collaboration with Shell International Exploration and Production Inc. ("Shell").
About this update from Shell Plc
[{"type":"text","content":"LOS ANGELES, April 1, 2026 /PRNewswire/ -- Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, today announced the successful completion of its wave energy pilot program at the Port of Los Angeles, conducted in collaboration with Shell International Exploration and Production Inc. ("Shell").","length":397,"tagName":"p"},{"type":"image","alt":"Eco Wave Power pilot in LA, by Erik Olsen","displaySize":"","headline":null,"caption":"Eco Wave Power pilot in LA, by Erik Olsen","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/504d02f9105f672623f5caf69e98efa1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Us7.TIQ7wGgd85uwAqAwqw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5Nw--/https://media.zenfs.com/en/prnewswire.com/504d02f9105f672623f5caf69e98efa1","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2947824/Eco_Wave_Power_Photo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company has submitted the final project completion report to Shell, confirming that all milestones under the 2024 Pilot Test Agreement have been successfully achieved.","length":171,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full pilot lifecycle completed — from feasibility to real-world operation","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"System successfully operated under real marine conditions","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Total pilot CapEx below $1 million","length":39,"tagName":"p"}]},{"val":[{"type":"text","content":"Fully permitted project with no significant environmental impact","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Demonstrated deployment on existing coastal infrastructure (no seabed anchoring or offshore construction required)","length":114,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":347,"olType":false},{"type":"text","content":"Validation of a Scalable, Low-Cost Energy Solution","length":50,"tagName":"p"},{"type":"text","content":"The successful execution of the pilot marks a significant step toward the commercialization o...