Eco Wave Power Secures Final US Army Permit for LA Port Project
Ticker: WAVE · Form: 6-K · Filed: Nov 18, 2024 · CIK: 1846715
| Field | Detail |
|---|---|
| Company | Eco Wave Power Global Ab (Publ) (WAVE) |
| Form Type | 6-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: permit, renewable-energy, project-development
TL;DR
Eco Wave Power just got the green light from the US Army Corps for its LA Port wave energy project. Big step for US expansion.
AI Summary
Eco Wave Power Global AB (publ) announced on November 18, 2024, that it has received the final permit from the U.S. Army Corps of Engineers for its first wave energy project in the United States, located at the Port of Los Angeles. This permit is a crucial step for the company to proceed with the development of its innovative wave energy technology.
Why It Matters
This final permit allows Eco Wave Power to move forward with its first U.S. project, marking a significant milestone for the commercialization of its wave energy technology in the American market.
Risk Assessment
Risk Level: medium — While a significant permit, the project's success and commercial viability are still subject to execution and market adoption risks.
Key Players & Entities
- Eco Wave Power Global AB (publ) (company) — Registrant
- U.S. Army Corps of Engineers (company) — Permitting Authority
- Port of Los Angeles (company) — Project Location
- November 18, 2024 (date) — Announcement Date
FAQ
What is the significance of the permit received by Eco Wave Power?
The permit from the U.S. Army Corps of Engineers is the final permit required for Eco Wave Power's first wave energy project in the United States, located at the Port of Los Angeles.
When was this permit announced?
The announcement of the final permit was made on November 18, 2024.
Where will Eco Wave Power's first U.S. project be located?
The project will be located at the Port of Los Angeles.
Which U.S. governmental body issued the final permit?
The final permit was issued by the U.S. Army Corps of Engineers.
What type of energy project is Eco Wave Power developing?
Eco Wave Power is developing a wave energy project.
Filing Stats: 325 words · 1 min read · ~1 pages · Grade level 9.7 · Accepted 2024-11-18 07:30:29
Filing Documents
- ea0221607-6k_ecowave.htm (6-K) — 10KB
- ea022160701ex99-1_ecowave.htm (EX-99.1) — 12KB
- 0001213900-24-099347.txt ( ) — 23KB
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) By: /s/ Aharon Yehuda Aharon Yehuda Chief Financial Officer Date: November 18, 2024 2