Eco Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leader in onshore wave energy technology, is pleased to announce the initiation of critical infrastructure enhancements at its pioneering wave energy project in Porto, Portugal, where the Company is implementing its first 1MW project.

The Porto project, Eco Wave Power’s first MW-scale wave energy venture in Portugal which is expected to be finalized during 2026, aims to harness ocean wave energy to generate sustainable electricity. Central to this initiative is the transformation of “The Gallery,” an existing breakwater tunnel, into a state-of-the-art facility housing the Company’s innovative wave energy conversion equipment. Upon completion, “The Gallery” will also feature an underwater wave energy museum and education centre, offering visitors an immersive experience into the world of renewable energy.

To prepare “The Gallery” for equipment installation and public engagement, Eco Wave Power is undertaking the following key activities:

• Sand and Debris Removal: Clearing accumulated materials to ensure a clean and safe environment for both equipment and visitors.
• Structural Reinforcements: Replacing doors and windows to enhance the integrity and security of the facility.
• Waterproofing Measures: Sealing points of water ingress to maintain optimal operational conditions.

Following the completion of the infrastructure enhancements, Eco Wave Power will advance to the next phase of the project, which includes the production and deployment of its proprietary wave energy technology. The project aims to support Portugal’s renewable energy strategy, which targets 85% renewable electricity generation by 2030, while also serving as a model for global expansion.

To support the execution of the Portugal project, Eco Wave Power recently appointed Juan José Gómez as Power Station Manager. With extensive experience in renewable energy operations, Mr. Gómez will oversee the day-to-day implementation and ensure alignment with the project’s technical and operational goals. In parallel, Eco Wave Power has engaged MOQ Engineering, a renowned Portuguese engineering firm, to perform the final design and load calculations for the project. MOQ brings extensive expertise in structural and civil engineering solutions, employing advanced technologies such as Building Information Modelling (BIM) and parametric design to ensure the highest safety and efficiency standards. Their involvement strengthens the project’s foundation and aligns with Eco Wave Power’s commitment to delivering a cutting-edge and sustainable wave energy solution.

“This milestone underscores our commitment to delivering a robust and scalable wave energy solution in Portugal,” said Inna Braverman, CEO of Eco Wave Power. “By addressing critical infrastructure requirements and working with top-tier engineering experts, like MOQ, we are looking forward to a smooth installation process and setting the foundation for successful energy generation from ocean waves.”