Eco Wave Power, an Israeli company that uses waves to create energy, has signed an agreement to bring its technology to Taiwan.
According to the agreement, the Tel Aviv-based company will sell its first wave energy generation unit to I-Ke International Ocean Energy, a subsidiary of leading maritime engineering company Lian Tat.
I-Ke will provide the full financing for the 100KW pilot project, by buying a turnkey conversion unit from Eco Wave Power, the agreement states. The conversion unit includes all the hydraulic and electric conversion parts, coupled with the smart control and automation system.
This agreement is based on a memorandum of understanding signed between Lian Tat and Eco Wave Power in June 2023, and will leverage the latter’s technology to maximize energy extraction on the Taiwanese coastline.
“The construction of Eco Wave Power’s project is relatively easy, and I believe that it will be a significant stepping stone for the development of green electricity in Taiwan,” said Lian Tat Chairman CY Huang.
“I also think that this will allow Taiwan to break away from existing renewable energy restrictions and develop in the direction of diversified renewable energy,” he said.
“I am certain that Eco Wave Power’s official visit in Taiwan and the signing of this official collaboration agreement between our companies is the beginning of a true friendship and a productive business collaboration,” said Eco Wave Power founder and CEO Inna Braverman.
“I believe that this new collaboration will not only be a win-win collaboration for both parties but will also serve as a pioneering step towards the implementation and adaptation of wave energy all over Asia, as this will be the first onshore wave energy array in the region. So let’s change the world together – One Wave at a Time!”
