TEL AVIV, Israel, Oct. 13, 2023 /PRNewswire/ -- Eco Wave Power
Global AB (publ) (Nasdaq Capital Market: WAVE) ("Eco Wave Power" or "EWP" or the "Company"), a
leading, publicly traded onshore wave energy company, is pleased to
announce that founder and CEO Inna
Braverman was named the recipient of Grades of Green's
Mother Earth Award, given annually to an individual in recognition
of their global impact and lifelong dedication to the
environment.
The award was presented to activist philanthropist Dr.
Melanie Lundquist, who symbolically
turned the award over to Braverman as a testament to her leadership
in the next generation of climate innovators.
"With an eye on inspiring our future – our young people, I am
turning this award over to an inspiring young woman, Inna Braverman," said Lundquist. "She is showing
the world that the ocean economy can create jobs and help save the
planet. She represents the best of the next generation of
innovators – all focused on a cleaner future."
Melanie and her husband, Richard
Lundquist, are two of California's most significant philanthropists.
Signatories of the Giving Pledge, the Lundquists have committed
over $400 million over the past
decade to critical causes ranging from education and health care
access to innovation and climate change mitigation. They have
appeared five times on The Philanthropy 50, the annual list of
America's 50 most generous philanthropists published by the
Chronicle of Philanthropy. In their philanthropy, they focus
on a variety of causes, including education, innovation, and
combating climate change. Melanie was named "Philanthropist of the
Year" by the Los Angeles Business Journal in 2019.
"Before I share a few words about Melanie and accept this award,
I want to take a moment to say that the tragedy that transpired in
Israel on Friday was unprecedented
and of one's worst nightmares. My heart is completely
broken for all the victims of this terror attack. However, I
know that Israel is a strong and
resilient country and more peaceful times will be ahead. I ask
that you join me in prayers and help for the Israeli nation," said
Inna Braverman
"In such a difficult time, I am humbled that Melanie has chosen
to pass this award on to me. It says a lot about who Melanie is as
a person – laser-focused on the next generation and on making a
positive impact."
During a trip to Israel in
March 2023, Grades of Green Founder
Shaya Kirkpatrick visited and toured
Eco Wave Power's landmark EWP-EDF
One power station at Jaffa Port, which was recently connected to
Israel's national energy grid. In
the coming months, Eco Wave Power
will install its first-ever US pilot station at AltaSea at the Port
of Los Angeles.
About The Mother Earth Award
The Mother Earth is given annually by Grades of Green, a
nonprofit organization with a mission to educate and empower
students to take action and lead environmental change in order to
create a clean and sustainable environment for generations to come.
Past recipients of the award include international environmental
advocate Laura Turner Seydel,
chairperson of the Captain Planet Foundation who also serves on the
board of the United Nations Foundation. Earlier this year,
Braverman joined Turner Seydel and
Melanie Lundquist in Atlanta for a high-level discussion on
creating a just transition to a blue and green economy.
About Eco Wave Power Global AB (publ)
Eco Wave Power is a leading
onshore wave energy technology company that developed a patented,
smart and cost-efficient technology for turning ocean and sea waves
into green electricity. Eco Wave
Power's mission is to assist in the fight against climate
change by enabling commercial power production from the ocean and
sea waves.
The Company completed construction of and received all approvals
for its grid connected project in Israel, with co-investment from the Israeli
Energy Ministry, which recognized the Eco Wave Power's technology
as "Pioneering Technology." The EWP-EDF One station project marks
the first grid-connected wave energy system in Israeli history.
Eco Wave Power will soon commence
the installation of its newest pilot in AltaSea's premises in the
Port of Los Angeles, and plans to
move towards its first commercial installation in Portugal. In addition, the Company holds
concession agreements for commercial installations in Europe and has a total projects pipeline of
404.7MW.
Eco Wave Power received funding
from the European Union Regional Development Fund, Innovate UK and
the European Commission's Horizon 2020 framework program. The
Company has also received the "Global Climate Action Award" from
the United Nations.
Eco Wave Power's American
Depositary Shares (WAVE) are traded on the Nasdaq Capital
Market.
Read more about Eco Wave Power at
www.ecowavepower.com. Information on, or accessible through, the
websites mentioned above does not form part of this press
release.
For more information, please contact:
Inna Braverman, CEO
Inna@ecowavepower.com
+97235094017
For media inquiries, please contact:
Jacob Scott, Vectis Strategies
+14124457719
jscott@vectisstrategies.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Forward-looking statements can be identified by
words such as: "anticipate," "intend," "plan," "goal," "seek,"
"believe," "project," "estimate," "expect," "strategy," "future,"
"likely," "may," "should," "will", or variations of such words, and
similar references to future periods. These forward-looking
statements and their implications are neither historical facts nor
assurances of future performance and are based on the current
expectations of the management of Eco Wave
Power and are subject to a number of factors, uncertainties
and changes in circumstances that are difficult to predict and may
be outside of Eco Wave Power's
control that could cause actual results to differ materially from
those described in the forward-looking statements. Therefore, you
should not rely on any of these forward-looking statements. Except
as otherwise required by law, Eco Wave
Power undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. More detailed information about the risks and
uncertainties affecting Eco Wave
Power is contained under the heading "Risk Factors" in
Eco Wave Power's Annual Report on
Form 20-F for the fiscal year ended December
31, 2022 filed with the SEC on April
27, 2023, which is available on the on the SEC's website,
www.sec.gov, and other documents filed or furnished to the SEC. Any
forward-looking statement made in this press release speaks only as
of the date hereof. References and links to websites have been
provided as a convenience and the information contained on such
websites is not incorporated by reference into this press
release.
The following files are available for download:
https://mb.cision.com/Main/18497/3852933/2358338.pdf
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