Eco Wave Power's CEO visits new Taiwanese facility

During the site visit, Ms. Braverman also met with the representatives of the Port where the project is set to be installed, who conveyed their excitement about this landmark project.

As communicated earlier this month, I-Ke will be providing the full financing for the 100KW pilot project by buying a turnkey conversion unit from Eco Wave Power. This means that Eco Wave Power will sell to I-Ke the conversion unit for the 100KW wave energy power station, which shall include all the hydraulic and electric conversion parts, coupled with the smart control and automation system, while I-Ke will locally produce the floaters, hydraulic cylinders and all other components of the technology which are located on the seaside of the marine structure.

I-Ke believes that this will position Taiwan as the hub for later stage expansion into other Asia-Pacific regions.

According to a press statement made by I-Ke, the first stage of the project will be the development of a 20 MW wave energy power station in Taiwan, that will begin with a 100-kW pilot and expand in stages to a total targeted installed commercial capacity of 400 MW.

During Ms. Braverman's official visit to Taiwan she has also presented Eco Wave Power's technology during the prestigious Taiwan Energy & Net Zero Conference and personally presented the Company's technology to Mr. Yu Zheng Wei, the Head of Taiwan's Energy Bureau, and Mrs. Wang Mei Hua, Taiwan's former Minister for Economic Affairs.

Next week, Ms. Braverman will visit Singapore and India, where she will hold meetings with the Singapore Navy and a large Fortune 500 petroleum company from India, with the goal of further reinforcing Eco Wave Power's presence in the Asian market.