Under the agreement, Eco Wave Power Global will study the viability of installing its technology at the Israeli Navy’s bases.
The company will immediately start the procurement and deployment of wave measuring systems to gather extended wave data from at least one to three potential locations at the naval bases.
Meanwhile, the Israeli Navy will secure all the required permits for deploying the wave measuring equipment.
A specialised diving team of the Israeli Navy will install the measurement equipment in the territorial waters of the bases.
After the measurement period, the company will share the gathered information with the navy.
The navy will then test the technology applicability aligning with the prevailing waves in the selected locations.
Following this, Eco Wave Power and the Israeli Navy will jointly evaluate the results and create energy production forecasts based on the analysis conducted.
Eco Wave Power CEO Inna Braverman said: “We are very pleased to announce this collaboration with the Israeli Ministry of Defense and the Israeli Navy, who are global leaders in cutting-edge technologies.
“This is an extremely important collaboration as it indicates the potential for future contracts with navy bases worldwide, which can become significant participants in the global fight against climate change, while representing a new market segment for wave power.”
After finding the best locations for the installation and ensuring the technology is suitable, the Israeli Navy and Eco Wave Power will consider the potential deployment of the technology for the production of clean electricity for Israeli Navy bases.