Marine developer catches $3m wave of new investment

A wave energy developer has raised $3 million (£2.3m) in its second round of fundraising. This gives Eco Wave Power (EWP) a pre-money valuation of $40 million (£31m), an increase of 3.5 times on the company’s worth during its first round. The latest funds secured will be used to expand the renewable energy firm’s team […]

Israeli firm waves hello to $2m

An Israeli wave energy firm has raised $2 million (£1.3m) of funds to build a pipeline. It follows the company’s ‘Second Generation’ power station which was deployed last month at Jaffa Port, Israel. The total funding requirement for the execution of the whole pipeline is around $150 million (£102m) in different locations around the globe, […]

Ukraine tests sea wave energy generator

Ukraine has been the testing ground for the successful trial of two new wave energy generators. Called the “Wave Clapper” and the “Power Wing”, the floating devices were trialled in the wave pool of the Hydro-Mechanical National Institute of Kiev by new ocean energy firm Eco Wave Power.