Eco Wave Power Global, a leading onshore wave energy technology developer, is pleased to announce the signing of an agreement with the Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.

This agreement marks Eco Wave Power’s first step into the African market and aligns with the Company’s strategy to expand into regions with high renewable energy demand and strong coastal resource potential.

South Africa continues to face a critical energy challenge, with more than 80% of its electricity currently generated from coal-fired power plants. Persistent power shortages and environmental concerns highlight the urgent need for clean, reliable alternatives. With over 2,800 kilometers of coastline, the country has substantial untapped wave energy potential that could help diversify its energy mix.

“Eco Wave Power is excited to explore South Africa’s wave energy potential in partnership with AGFDL,” said Inna Braverman, Founder and CEO of Eco Wave Power. “This feasibility study represents a meaningful step toward addressing energy access and sustainability in Africa, while advancing our global mission to commercialize wave energy technology.”

The Port of Ngqura, located in the Eastern Cape Province and operated by Transnet National Ports Authority, is one of South Africa’s most strategic deep-water ports and is adjacent to Coega Special Economic Zone, the largest SEZ in Southern Africa. Its robust breakwater infrastructure and direct ocean exposure makes it technically suitable for wave energy implementation.

“This collaboration represents an important opportunity to support Africa’s clean energy transition,” said Wilfred Emmanuel-Gottlieb, CEO of AGFDL. “Wave energy has the potential to play a key role in delivering sustainable, reliable power to underserved communities and industries.”

“This project is about delivering practical, long-term impact,” added Alphonsus Ukah, Co-Founder and Chairman of AGFDL. “We believe this technology could become a critical part of Africa’s renewable energy future, and we are pleased to begin this journey with Eco Wave Power.”

This new study adds to Eco Wave Power’s expanding international project pipeline. The Company currently operates a grid-connected power station in Jaffa Port, Israel, in partnership with EDF Renewables IL. It is also finalizing its first U.S. power station in the Port of Los Angeles, scheduled for launch in September 2025, with co-investment from Shell Marine Renewable Energy (MRE).

In addition, Eco Wave Power is advancing its first MW-scale project in Portugal, and pilot projects in Taiwan (in collaboration with local I-Ke), and India (in partnership with Fortune 500 company Bharat Petroleum).

“These developments reflect our strategy to demonstrate the scalability and viability of wave energy across diverse global markets,” Braverman added. “Africa’s energy challenges require bold innovation, and we are proud to take this first step toward delivering real solutions on the continent.”