Good day everyone, and thank you for joining us today for the Lytham Partners Fall 2026 Investor Conference. My name is Joe Dorame, Managing Partner at Lytham Partners. I would like to welcome Eco Wave Power, which trades on the Nasdaq under the ticker WAVE, W-A-V-E. Today, Eden Lagnado, Business Development Manager, will be taking us through the company presentation. Welcome, Eden.
Thank you so much, Joe. Thank you for joining us. I am excited to tell you a little bit more about Eco Wave Power, renewable onshore wave energy technology. First, I will start with a little bit more about wave energy specifically. Wave energy is a 24/7 renewable energy resource, unlike solar and wind, which are also great resources, but they have their limitations, like the nighttime, cloud coverage, and winter. Water is also over 800 times more dense than air, meaning that we can produce more electricity using smaller and cheaper devices.
One of the biggest trends right now is AI and data centers, and according to the International Energy Agency, global data center electricity demand will more than double by 2030. In addition, a majority of data centers are now being built along the coastlines, making wave energy a natural candidate to help power them. When you are looking at the global population, about 4.7 billion people, which is 60% of the global population, are living within 200 km of the coastline. Since we are producing energy on the coastline, we can deliver it directly to consumers and save significantly on transmission costs.
In the U.S. market specifically, and according to the U.S. Energy Information Administration, wave energy has the potential to provide about 66% of all U.S. energy needs. On a global scale, and according to the International Panel on Climate Change, the UN's climate panel, they estimate the worldwide potential for wave energy is over 29,000 TWh per year. Your next question is probably, "If wave energy is so great, then why hasn't it been commercialized yet?" We see wind farms and solar farms, but you do not really hear about wave farms.
The answer kind of lies in this photo here. This is another Wave Energy company that decided to do what a majority of wave energy companies did, and they went into the offshore, about 4 km-5 km into the ocean, which brought up several problems. Essentially, they were putting everything, all the expensive parts, in these big, bulky floaters in the middle of the ocean. These technologies, they, first of all, were not reliable. No manmade system can really withstand the harsh marine conditions.
This technology in this photo was deployed off the coast of Portugal for only four days before a big storm came in, and it was a total loss to the system. In addition, these systems were expensive and complex, so this was a smaller pilot system that cost over $150 million to develop. In addition, being offshore, they require ships, divers, underwater mooring, and underwater cabling. Building on top of that, insurance companies didn't want to insure these expensive and non-reliable systems.
Environmentalists, who should be some of the greatest supporters of this type of technology, didn't really support it because they were connecting to the ocean floor and creating a new presence in the marine environment. This is our solution. This is Eco Wave Power. We're completely different than what 99% of the industry did, where the only thing located in the water are the blue floaters you can see here. Everything else, all of the electric parts, the generators, everything is located on land, just like any regular power station. How does the technology work?
Our floaters are attached to existing manmade structures, like breakwaters, jetties, and piers. The floaters move up and down with the movement of the waves, pressing a hydraulic cylinder, which releases a biodegradable fluid into our land-located accumulators, building pressure. The pressure then turns a hydraulic motor, which turns a generator, and electricity is sent directly into the grid. Here you can see the installation of one of our systems.
One of the biggest benefits of our technology is that everything can be done from the land side, as you can see, using regular cranes and construction works. Similar to how a solar panel is installed, our floaters are installed in a similar way. We have the floaters attached to the structure, which is attached to the conversion unit, and then directly connected to the grid. Here's another view of one of our wave energy stations.
You can see on the outside, attached to the breakwater, are the floaters, and in the picture on the right is the conversion unit, which houses all of the electric parts and the generators in a standard shipping container. Another one of the big benefits of our technology is that these structures are not prime real estate, so nobody's really building anything on them. The cost of land is very little to nothing. In addition, a lot of times the ports are owning these breakwaters, and so they also typically have a grid connection point within their premises.
The connection to the grid is very short. Just some more advantages of our technology. Like I said, we're 100% environmentally friendly. There's no connection to the ocean floor. We're only connected to the existing structure. Our technology is also cost efficient. We're insurable by reputable insurance companies around the world. Lastly, we're reliable. As you can see in the bottom video here, the floaters are lifted up above the water level, and this is the storm protection mode. When the waves become too high for the system to handle, the floaters will automatically rise above the water level and stay in the upright position until the storm passes.
Once the storm passes, they'll go back down into the water and resume operation. The company also currently has 18 patents, 13 of which are approved, five are pending, across the United States, Israel, Europe, and International PCT. A little bit about our development pathway, our past, current, and future projects. The company was founded in 2011, where we began with testing at the Hydromechanics Institute in Kyiv. We then went on to implement our first off-grid station in the Port of Jaffa in Israel. Following that, we had our first proof of concept and grid-connected station in Gibraltar, which was operational from 2016 all the way until 2022.
Then we have our current project. Starting with the EWP-EDF One project, which is in the Port of Jaffa in Israel. This is done in collaboration with EDF Renewables, the French national electric company. It also made history by being the first wave energy project in the history of Israel to be grid connected. It was officially deployed in 2023, and it also received recognition from the Israeli Energy Ministry as a pioneering technology. Then we have our project in the Port of Los Angeles, with co-investment from Shell, the oil and gas company.
This was deployed in September of last year, 2025, and it also made history by being the first onshore wave energy project in the United States. Then we have our upcoming projects. Starting in Taiwan with our first breakthrough into the Asian market. This is with a company called I-KE International Ocean Energy. It is also for our first turnkey or sale pilot project, and the project will be implemented in a port on the eastern side of Taiwan called Suao Port. Following that, we have our first project in India with a company called Bharat Petroleum.
Again, this is for a turnkey pilot project. Bharat Petroleum is one of the leading petroleum companies in India. It is a government-owned and Fortune 500 company, and they plan to implement the project in the Mumbai oil terminals. Lastly, we have our biggest project to date, which will be in Porto, Portugal. This is starting with a 1 MW scale project as a part of a 20 MW concession agreement. We were recently featured twice in NVIDIA CEO Jensen Huang's GTC keynote video showing our digital twin. NVIDIA also recently published a corporate blog about our technology, which is a huge milestone for us. Here you can see our operational station in the Port of Jaffa in Israel.
As you can see, the floaters that are down in the water are in operation mode, and there are the two floaters in the back that you can see are lifted above the water level. That is the storm protection or maintenance mode. Here just kind of shows our collaboration. In our project in Israel, we have a representative from Eco Wave Power, as well as a representative from EDF Renewables. On the left, a representative from Siemens. We work with reputable companies such as Siemens, who provide the electric parts for our station.
Then here shows the grid connection again in the Port of Jaffa. The grid connection for the station is very short. It is only about 175 m. Making the electricity from our station to the grid connection, very simple, very easy. We also have a global project pipeline of over 400 MW worldwide. These are in projects of different development stages. Kind of how we work with different companies. Like I mentioned before, we have a joint venture with EDF Renewables. We are also starting to work in the turnkey and sales project.
This is where Eco Wave Power either sells the project directly to a third party, or collaborates with a strategic or financial partner. We also have BOT, build, operate, and transfer, where Eco Wave Power will fund and construct the power station and sell it to a third party. Lastly, BOO, build, own, and operate, where Eco Wave Power owns 100% of the project, selling the electricity via a PPA agreement. Just to wrap everything up that I just spoke about, why Eco Wave Power is a winning combination. We have a global project pipeline of over 400 MW worldwide.
We also have significant operational experience with our first grid connected proof of concept project in Gibraltar, our second with EDF Renewables in Israel, and our third project in the Port of Los Angeles, and then our upcoming projects in Taiwan, India, and Portugal. We also have strong support from the research community. IRENA, the International Renewable Energy Agency, recently published a report stating that point absorbers, which is our specific type of wave energy technology, will dominate the wave energy field in the near future.
The U.S. National Renewable Energy Laboratory, the NREL, recently highlighted our technology as a new approach of utilizing coastal infrastructure to accelerate the commercialization of wave energy. We also collaborate with leading universities such as Queen Mary University of London and the Technion in Israel. We have strong strategic partnerships with companies like EDF, Shell, Bharat, and I-KE. We also, earlier this year, joined the NVIDIA Inception program.
We are also recognized by the United Nations. We are listed as an efficient solution on the Solar Impulse Foundation. We are a part of the Sustainable Markets Initiative from King Charles, and we are recognized by the European Commission. Thank you so much for listening in to our presentation. I will hand it back to you, Joe.
Great. That was a very interesting presentation. Eden, thank you for your time, and thanks to everyone for watching. If you have any questions or would like to schedule a meeting with Eco Wave Power, please send me an email at dorame@lythampartners.com. Thank you, and have a great day.