EXCLUSIVE: Eco Wave Power Gets Green Light From US Army For First Onshore Wave Energy Project In LA

On Monday, Eco Wave Power Global AB (NASDAQ:WAVE) announced it had received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its groundbreaking wave energy project at AltaSea’s premises at the Port of Los Angeles.

According to the company, this marks a significant step forward in developing Eco Wave Power’s wave energy project, which will likely become the first onshore wave energy installation in the United States.

The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorizes Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One.

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The system will also include an energy conversion unit ...

Full story available on Benzinga.com