Eco Wave Power Global AB (publ), a leader in onshore wave energy technology, has announced its participation in the Atlantic Wave Energy Sustainable Deployment Initiative (AWESDI), securing a €2.45 million grant. This transnational project, funded under the Interreg Atlantic Area Programme's Third Call for Proposals, aims to promote energy efficiency and reduce greenhouse gas emissions through scalable wave energy solutions in Atlantic coastal regions. The grant, obtained by a consortium including Eco Wave Power, will support technical development, cross-border collaboration, and environmental assessments. This initiative aligns with the company's expanding efforts in Portugal, where it is preparing for its first megawatt-scale installation.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.