Eco Wave Power Completes Feasibility Study for Wave Energy Station in South Africa

Stockholm, Sweden–(Newsfile Corp. – February 17, 2026) – Eco Wave Power Global AB (publ) (NASDAQ: WAVE) has announced the successful completion of a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.

The study, conducted in collaboration with Africa Great Future Development Ltd (AGFDL), yielded encouraging results, demonstrating the technical potential to deploy approximately 8.3 MW of installed wave energy capacity along the port’s breakwater infrastructure. Additional development and permitting assessments will be necessary for the project to progress.

Study Findings and Future Steps

The feasibility study assessed various critical factors, including site conditions and wave resource availability, to determine the preliminary system configuration. These findings indicate strong suitability for onshore wave energy implementation and suggest opportunities for integrating generation capabilities utilizing existing coastal structures.

Following the completion of this phase, AGFDL will thoroughly review the study results, after which the two parties will evaluate potential next steps, such as project structuring and regulatory pathways.

Leadership Insights

“This feasibility study represents a significant milestone for our entry into the African market,” stated Inna Braverman, the Founder and CEO of Eco Wave Power. “The results show considerable potential at the Port of Ngqura, and we are excited to collaborate closely with our partners to explore responsible and commercially viable project advancements, ultimately pioneering wave power in Africa.”

South Africa is grappling with ongoing energy supply challenges, underscoring the need for clean and reliable locally sourced power. With over 2,800 kilometers of coastline, the nation is well-positioned to harness wave energy as part of its diversified renewable energy strategy.

Wilfred Emmanuel-Gottlieb, CEO of AGFDL, remarked, “This study provides a solid technical foundation for further discussions. We will carefully evaluate the results and determine the best path forward with Eco Wave Power.”

Strategic Location at the Port of Ngqura

The Port of Ngqura, located in South Africa’s Eastern Cape Province, is operated by the Transnet National Ports Authority and is adjacent to the Coega Special Economic Zone. Given its exposed breakwater and existing marine infrastructure, the port is a prime candidate for the first onshore wave energy deployment in Africa. Discussions are already underway for potential future projects in East London.

Growing International Pipeline

This feasibility study contributes to Eco Wave Power’s expanding international project portfolio, which includes a grid-connected wave energy power station in Jaffa Port, Israel, and ongoing projects in regions such as the United States, Portugal, Taiwan, and India, amounting to 404.7 MW under development.

About Eco Wave Power Global AB (publ)

Eco Wave Power (NASDAQ: WAVE) is at the forefront of onshore wave energy technology, converting ocean and sea waves into clean, reliable, and cost-effective electricity. The company operates Israel’s first grid-connected wave energy station, recognized as a pioneering technology by the Israeli Ministry of Energy and co-financed by EDF Renewables IL. In a recent collaboration with Shell Marine Renewable Energy, Eco Wave Power also launched the first-ever onshore wave energy pilot station at the Port of Los Angeles.

With numerous upcoming projects around the globe, Eco Wave Power is making substantial progress in the field of renewable energy. The company has gained significant recognition and support from a variety of organizations, including the European Union and the United Nations, and its American Depositary Shares (ADSs) are traded on the Nasdaq Capital Market under the symbol “WAVE.”

For more information, visit Eco Wave Power. For press inquiries, please contact info@ecowavepower.com.

Forward-Looking Statements

This article contains forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995, including expectations regarding the feasibility and potential capacity for the wave energy project at the Port of Ngqura. It is important to note that these statements do not guarantee future performance and are subject to risks and uncertainties. Detailed information about these factors is available in Eco Wave Power’s filings with the SEC.

For the original press release, visit Newsfile Corp.