Eco Wave Power Global Lytham Partners Fall 2026 Investor Conference

Welcome, Eden. Thank you so much, Joe.

Thank you for joining us. I am excited to tell you a little bit more about Eco Wave Power, renewable onshore wave energy technology. First, I will start with a little bit more about wave energy specifically. Wave energy is a 24/7 renewable energy resource, unlike solar and wind, which are also great resources, but they have their limitations, like the nighttime, cloud coverage, and winter. Water is also over 800 times more dense than air, meaning that we can produce more electricity using smaller and cheaper devices. One of the biggest trends right now is AI and data centers, and according to the International Energy Agency, global data center electricity demand will more than double by 2030. In addition, a majority of data centers are now being built along the coastlines, making wave energy a natural candidate to help power them.

When you are looking at the global population, about 4.7 billion people, which is 60% of the global population, are living within 200 kilometers of the coastline. Since we are producing energy on the coastline, we can deliver it directly to consumers and save significantly on transmission costs. In the U.S. market specifically, and according to the U.S. Energy Information Administration, wave energy has the potential to provide about 66% of all U.S. energy needs. On a global scale, and according to the Intergovernmental Panel on Climate Change, the UN's climate panel, they estimate the worldwide potential for wave energy is over 29,000 terawatt hours per year. Your next question is probably, "If wave energy is so great, then why hasn't it been commercialized yet?" We see wind farms and solar farms, but you do not really hear about wave farms.

The answer kind of lies in this photo here. This is another wave energy company that decided to do what a majority of wave energy companies did, and they went into the offshore, about 4-5 kilometers into the ocean, which brought up several problems. Essentially, they were putting everything, all the expensive parts, in these big, bulky floaters in the middle of the ocean. These technologies, they, first of all, were not reliable. No manmade system can really withstand the harsh marine conditions. This technology in this photo was deployed off the coast of Portugal for only four days before a big storm came in, and it was a total loss to the system. In addition, these systems were expensive and complex, so this was a smaller pilot system that cost over $150 million to develop.

In addition, being offshore, they require ships, divers, underwater mooring, and underwater cabling. Building on top of that, insurance companies didn't want to insure these expensive and non-reliable systems. Environmentalists, who should be some of the greatest supporters of this type of technology, didn't really support it because they were connecting to the ocean floor and creating a new presence in the marine environment. This is our solution. This is Eco Wave Power. We're completely different than what 99% of the industry did, where the only thing located in the water are the blue floaters you can see here. Everything else, all of the electric parts, the generators, everything is located on land, just like any regular power station. How does the technology work? Our floaters are attached to existing manmade structures, like breakwaters, jetties, and piers.

The floaters move up and down with the movement of the waves, pressing a hydraulic cylinder, which releases a biodegradable fluid into our land-located accumulators, building pressure. The pressure then turns a hydraulic motor, which turns a generator, and electricity is sent directly into the grid. Here you can see the installation of one of our systems. One of the biggest benefits of our technology is that everything can be done from the land side, as you can see, using regular cranes and construction works. Similar to how a solar panel is installed, our floaters are installed in a similar way. We have the floaters attached to the structure, which is attached to the conversion unit, and then directly connected to the grid. Here's another view of one of our wave energy stations.