Eco Wave Power & Partners Secure £1.5M Grant for Thailand Microgrid
Ticker: WAVE · Form: 6-K · Filed: Feb 15, 2024 · CIK: 1846715
| Field | Detail |
|---|---|
| Company | Eco Wave Power Global Ab (Publ) (WAVE) |
| Form Type | 6-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: grant, renewable-energy, partnership, project-development
TL;DR
**Eco Wave Power and partners just landed a £1.5M grant to build a wave-powered microgrid in Thailand!**
AI Summary
Eco Wave Power Global AB (publ) announced on February 8, 2024, that a consortium, including itself, Toshiba, Hitachi Energy, and UK Universities, secured a £1.5 million grant. This funding is designated for developing a wave-powered microgrid for an island in Thailand, marking a significant step in renewable energy deployment.
Why It Matters
This grant signifies progress in renewable energy development, potentially demonstrating the viability of wave power for remote island communities and expanding Eco Wave Power's global reach and technology validation.
Risk Assessment
Risk Level: low — The company secured a significant grant, which is a positive development that reduces immediate financial risk for the specific project.
Key Numbers
- £1.5 Million — Grant Amount (Funding for wave-powered microgrid development)
Key Players & Entities
- Eco Wave Power Global AB (publ) (company) — registrant, consortium member
- Toshiba (company) — consortium member
- Hitachi Energy (company) — consortium member
- UK Universities (company) — consortium member
- £1.5 Million (dollar_amount) — grant amount
- Thailand (location) — project location
FAQ
What is the title of the press release mentioned in this 6-K filing?
The press release is titled "Consortium including Eco Wave Power, Toshiba, Hitachi Energy, and UK Universities Secure £1.5 Million Grant to Develop Wave-Powered Microgrid for Island in Thailand."
When did Eco Wave Power issue the press release about the grant?
Eco Wave Power issued the press release on February 8, 2024.
Which entities are part of the consortium that secured the £1.5 Million grant?
The consortium includes Eco Wave Power, Toshiba, Hitachi Energy, and UK Universities.
What is the specific purpose of the £1.5 Million grant?
The grant is for developing a wave-powered microgrid for an island in Thailand.
Under which SEC form is this report filed by Eco Wave Power Global AB (publ)?
This report is filed under Form 6-K.
Filing Stats: 323 words · 1 min read · ~1 pages · Grade level 13 · Accepted 2024-02-15 06:08:02
Filing Documents
- ea193037-6k_ecowave.htm (6-K) — 11KB
- ea193037ex99-1_ecowave.htm (EX-99.1) — 19KB
- 0001213900-24-014297.txt ( ) — 31KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Eco Wave Power Global AB (publ) (Registrant) Date: February 15, 2024 By: /s/ Inna Braverman Name: Inna Braverman Title: Chief Executive Officer 2