Israel sets feed-in-tariff for Eco Wave Power’s wave energy project

The Israeli Electricity Authority (IEA) has set an official feed-in-tariff (FIT) for Eco Wave Power’s newly installed wave energy pilot project at the Port of Jaffa in Tel Aviv, Israel.

With the FIT in place, the Israeli Electric Company (IEC) started operations to officially connect the ‘EWP-EDF One’ wave energy project to Israel’s energy grid.

Once connected, the project will represent the first time in the country’s history that electricity produced by the power of waves will be transmitted to Israel’s national electric grid.

The ‘EWP-EDF One’ project is executed in collaboration with and co-funding from EDF Renewables IL and the Israeli Energy Ministry, which recognized the Eco Wave Power technology as ‘pioneering technology.’

Inna Braverman, Eco Wave Power’s founder and CEO, said: “The official start of grid connection for our ‘EWP-EDF One’ project is a moment that we have been waiting for, as it represents an important milestone for our company and our country. Eco Wave Power is committed to making a positive change in the world, and we can’t wait to turn the switch on at the ‘EWP-EDF One’ project at the Port of Jaffa.”

In July 2022, Eco Wave Power started real conditions test runs on the project to examine the operation of the mechanical and hydraulic subsystems of the scheme. The floaters were lowered into the water for the first time, and the successful testing put Eco Wave Power one step closer to full operation of the power station.

Additionally, Eco Wave Power will soon start with installation on of its wave energy technology on its first US location, at AltaSea at the Port of Los Angeles.

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