Congresswoman Barragán Advocates for $1 Billion Federal Investment in Wave Energy During Visit to Eco Wave Power Project in Los Angeles, California

PRISM MarketView
Tuesday, October 7, 2025 at 12:45pm UTC

 Eco Wave Power Global (NASDAQ: WAVE) proudly hosted U.S. Congresswoman Nanette Barragán (CA-44) at its groundbreaking onshore wave energy pilot station at AltaSea in the Port of Los Angeles. This innovative installation, the first of its kind in the United States, highlights the immense potential of wave energy as a renewable power source for coastal communities.

Standing at the forefront of renewable energy innovation, Congresswoman Barragán emphasized the critical role of federal support in advancing wave energy technologies. She spotlighted her proposed $1 billion Marine Energy Technologies Acceleration Act, designed to fast-track the research, development, and deployment of marine energy solutions across the nation.

“This pilot project in my district demonstrates how we can harness wave energy to generate clean, reliable electricity for our communities,” said Barragán. “As we transition away from fossil fuels, innovative technologies like this will be essential for a sustainable future. Thanks to Eco Wave Power and their work on the LA Waterfront, we see the incredible potential of wave energy to power our communities and protect our environment.”

A Milestone for Wave Energy in the U.S.

Inna Braverman, Founder and CEO of Eco Wave Power, hailed the Congresswoman’s visit as a pivotal moment for wave energy in the United States. “Our pilot project proves that wave energy is not only feasible but ready to scale. With federal support and growing investor interest, the U.S. has a unique opportunity to lead the world in marine renewable energy,” Braverman stated.

The Eco Wave Power pilot station showcases a cutting-edge approach to harnessing ocean waves. By utilizing existing marine infrastructure such as breakwaters, piers, and jetties, the system generates clean electricity in an environmentally friendly and cost-efficient manner. Designed for rapid scalability, this technology positions wave energy as a significant solution to the growing demand for electricity, particularly as artificial intelligence drives increased energy consumption.

California’s Untapped Potential

California’s extensive coastlines hold the potential to generate gigawatts of wave energy, offering a transformative opportunity for municipalities and investors to diversify renewable energy portfolios while reducing carbon emissions. The AltaSea pilot project serves as a powerful demonstration of the untapped potential within the U.S. wave energy market, signaling a new frontier in sustainable energy investment.

“Now is the time to capitalize on this momentum,” Braverman added. “Wave energy is ready for commercial deployment, and with strategic investments, it can become a cornerstone of America’s clean energy future.”

About Eco Wave Power Global

Eco Wave Power Global (NASDAQ: WAVE) is a pioneering onshore wave energy company that transforms ocean and sea waves into clean, reliable, and cost-efficient electricity through its patented, intelligent technology. The company operates Israel’s first grid-connected wave energy power station and recently launched the first-ever onshore wave energy pilot station in the U.S. at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy (Shell MRE).

With a robust project pipeline of 404.7 MW under development across Portugal, Taiwan, and India, Eco Wave Power is rapidly expanding its global footprint. The company has received international recognition and support from organizations such as the European Union Regional Development Fund, Innovate UK, and the EU Horizon 2020 program. It was also honored with the United Nations Global Climate Action Award.

About AltaSea

AltaSea at the Port of Los Angeles is a nonprofit center dedicated to advancing ocean-based solutions to climate change. As a hub for blue economy innovation, research, and education, AltaSea fosters sustainable business practices, environmental progress, and community engagement.

For more information about Eco Wave Power, visit www.ecowavepower.com. For press inquiries, contact info@ecowavepower.com.

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