Eco Wave Power has received the final Nationwide Permit (NWP) from the US Army Corps of Engineers for its wave energy project at the Port of Los Angeles. This milestone paves the way for the first onshore wave energy installation in the US, located at AltaSea’s premises.
The permit, granted under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorizes the installation of eight wave energy floaters on an existing concrete wharf at Municipal Pier One. The project will include an energy conversion unit housed in two 20ft shipping containers placed on the wharf deck, linked to the floaters. With the conversion unit already on-site, Eco Wave Power plans to complete installation by the end of the first quarter of 2025.
Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power, expressed her enthusiasm: “We are thrilled to receive this final permit and move one step closer to bringing wave energy to the US. This project represents not only a technological breakthrough but also a crucial step in advancing the global transition to renewable energy. We are deeply grateful for the support of AltaSea, the Port of Los Angeles, Shell MRE, and the US Army Corps of Engineers as we work to make wave energy a key part of the sustainable energy landscape.”
This achievement marks two significant milestones in Eco Wave Power’s partnership with Shell International Exploration and Production Inc. (Shell). Announced in April 2024, the agreement between Eco Wave Power and Shell aims to develop a wave energy pilot at the Port of Los Angeles. With the permit in place, the project now moves into its execution phase, with expectations of boosting the company’s revenue by Q4 2024.
According to the US Department of Energy’s National Renewable Energy Laboratory, wave energy holds immense potential, capable of generating over 1,400 terawatt-hours annually – enough to power around 130 million homes.
