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Eco Wave Power Global AB (publ)
Eco Wave Power Global AB (publ) was founded in 2011 by Inna Braverman and David Leb to develop a wave energy converter that attaches to existing man-made...
Eco Wave Power Global AB (publ)
Eco Wave Power Global AB (publ) was founded in 2011 by Inna Braverman and David Leb to develop a wave energy converter that attaches to existing man-made marine structures. The company listed on the Nasdaq First North Growth Market in Stockholm in 2019 and later completed a US IPO in 2024, raising approximately $5 million (per SEC filings, 2024). Braverman, who survived the Chernobyl disaster and later worked at a renewable energy startup, brings a personal narrative of resilience and a public-facing profile that has won the company attention beyond typical cleantech press. The firm's technology uses hydraulic floaters that rise and fall with waves, pressurizing fluid to spin a generator. Unlike many wave energy projects that require specialized deep-water platforms, Eco Wave Power's system attaches to breakwaters, piers, and jetties — infrastructure already in place. This lowers installation and maintenance costs significantly. The company has a grid-connected pilot in Jaffa Port, Israel (since 2022) and has announced license agreements for projects in Spain (Port of Valencia) and Portugal, as well as a memorandum of understanding for a project in China (per company press releases, 2023–2024). It targets the global wave energy market, which the World Energy Council estimates at 29,500 TWh per year. As of 2025, the company had fewer than 50 employees and remained in the demonstration-to-early-commercialization phase. It has not disclosed AUM or deployment figures. In April 2024, the company completed a US public listing on the Nasdaq Capital Market under the ticker WAVE, raising approximately $5 million in net proceeds (per SEC filing, April 2024). The dual listing provides access to US retail and institutional investors. Eco Wave Power's structural differentiator is its asset-light, licensing model. Rather than developing and owning wave energy farms, it licenses its converter technology to local project developers. This removes balance-sheet risk and could allow rapid geographic scaling if the technology proves reliable at commercial scale. The company also benefits from existing marine infrastructure, avoiding the need for costly new foundations. However, wave energy as a sector has repeatedly struggled to scale, and Eco Wave Power's ability to move from demonstration to meaningful revenue is untested.
General information
Firm type
other
Year founded
2011
AUM
Undisclosed
Location
Region
Asia
Country
Israel
City
Tel Aviv
Corporate office
Tel Aviv, Israel
Additional offices
Stockholm, Sweden
Principals
Inna Braverman
Co-Founder & Chief Executive Officer
David Leb
Co-Founder & Chief Technology Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Eco Wave Power?
Co-founder and CEO Inna Braverman leads the company, with co-founder David Leb serving as Chief Technology Officer. The company is public and has a board of directors, but strategic decisions — including project selection and licensing agreements — are driven by the executive team.
How does Eco Wave Power generate revenue?
Eco Wave Power operates a licensing model, granting rights to use its wave energy converter technology to project developers in specific territories. It also sells equipment and earns revenue from power purchase agreements at its demonstration sites. As of 2025, revenue remains minimal, primarily from grants and pilot projects (per company financials).
What is the status of Eco Wave Power's technology?
The company has a grid-connected demonstration site at Jaffa Port, Israel, which has been operational since 2022. It has signed license agreements for projects in Spain and Portugal, as well as an MOU in China. The technology is still in the demonstration-to-early-commercial phase, with no large-scale commercial project yet operational.
Is Eco Wave Power a family office or a venture-backed startup?
It is neither a family office nor a traditional venture-backed startup. Eco Wave Power is a publicly traded company on both the Nasdaq First North (Stockholm) and the Nasdaq Capital Market (US). Its shareholders include retail and institutional investors, as well as early backers including grants from government agencies.
How does Eco Wave Power compare to other wave energy companies?
Most wave energy companies deploy systems in deep water, requiring expensive offshore infrastructure. Eco Wave Power's key differentiator is attaching to existing marine structures (breakwaters, jetties), which lowers installation costs and reduces permitting complexity. This approach has attracted government grants and media coverage, but the sector as a whole has historically struggled to meet performance and cost targets.
Where does the underlying wealth for the company come from?
Eco Wave Power is not a vehicle for private wealth; it is a publicly traded company that has raised capital through equity offerings and government grants. The founding family is not the source of capital. The company's primary funding has come from public markets, Israeli government grants, and European Union innovation programs.
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