Eco Wave Power (EWPG Holding AB) announces it was one of three winners of the Smart Port Challenge Competition, held by Morocco’s National Ports Agency and National Single Window for foreign trade- PORTNET, together with the Global Alliance for Trade Facilitation and Morocco’s port community.
The goal of the challenge was to find disruptive solutions that will facilitate transit at Morocco’s ports and improve port performance.
Eco Wave Power was represented in the virtual event by Matias Sigal from the Business Development Department. After pitches by seven finalists, Eco Wave Power was chosen as one of three winners.
The company received a MAD100,000 ($11,100) award, as well as an opportunity for Morocco to become an Eco Wave Power testing and implementation hub.
Eco Wave Power developed a patented technology for turning ocean and sea waves into green electricity. Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from sea and ocean waves.
Eco Wave Power is recognized as a “Pioneering Technology” by Israel’s Ministry of Energy and was labelled as an “Efficient Solution” by the Solar Impulse Foundation. The company’s project in Gibraltar has received funding from the European Union Regional Development Fund and the European Commission’s HORIZON2020 framework program.
“I think that Eco Wave Power’s solution is very promising for responding to the needs of the port to establish itself as an energy hub and as a contributor to the green conversion of the maritime and the global transport chain,” said jury member Dr. Mikael Lind from the Research Institute of Sweden (RISE).