Good start to 2016 for Eco Wave Power
Israeli wave energy company, Eco Wave Power (EWP), has started 2016 on a positive note with the completion of construction at its first commercial scale power plant in Gibraltar.
Testing has begun and the company will soon hold an official press conference with the government of Gibraltar to mark the start of the plant’s operation.
EWP has received EU funding for its ambitious project in Gibraltar and been recognised by Acquisition International magazine as ‘Israel Energy & Resources Deal of the Year’ for successfully closing its first fund-raising round led by venture capitalists, Pirveli Ventures.
David Oren, managing partner of Pirveli Ventures praised EWP: “The future is very promising for Eco Wave Power who will complete a 5MW power station in Gibraltar and continue to the execution of its 111MW pipeline".
David Leb and Inna Braverman, EWP's co-founders, have been nominated for IAIR’s ‘CEO of the year award, due to their impressive co-management of Eco Wave Power. IAIR Awards has also nominated the company as a whole for an additional award for ‘Excellence in Global Economy and Sustainability’, in recognition of EWP’s emphasis on sustainability and environmental choices together with sound business results, leadership, strategic development, high quality of service and innovation.
Mr Leb and Ms Braverman stated that “Eco Wave power believes that these awards and nominations are the result of hard work, determination, devotion, vision and passion.”
“The Eco Wave Power company is a true demonstration of team work and passion driven success. Eco Wave Power is on the right track and we can all look forward to a brighter, Eco Wave powered future,” they added.
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