Eco Wave Power Secures 1MW Installation and Grid Connection Permit (Small-Production Unit Registration Approval) for Its Planned Pilot Project in Portugal 艾克波浪能为其在葡萄牙1MW的试点项目获得了安装和并网许可证（小

Stockholm, Sweden, August 19, 2021 – In a significant regulatory milestone, Eco Wave Power Global AB (publ) (Nasdaq: WAVE, Nasdaq First North: ECOWVE) (“Eco Wave Power”) is pleased to announce that its Portuguese subsidiary, EW Portugal- Wave Energy Solutions Unipessoal Lda. (“EW Portugal”), has received an installation and grid connection permit of 1MW in the form of a Small-Production Unit registration approval (registration number 5089) from the Portuguese Directorate-General for Energy and Geology (DGEG). This registration approval is required for the installation and grid connection of a 1MW pilot project at the Barra do Douro breakwater in Porto, Portugal.
瑞典斯德哥尔摩，2021年8月19日— 作为一个重要的监管里程碑，Eco Wave Power Global AB（publ）（纳斯达克：Wave，纳斯达克第一北方：ECOWVE）（“Eco Wave Power”）很高兴地宣布其葡萄牙子公司葡萄牙艾克波浪能-波浪能解决方案联合有限公司。（“葡萄牙艾克波浪能”）已获得葡萄牙能源和地质总局（DGEG）以小型生产装置注册批准（注册号5089）的形式颁发的1MW安装及并网许可证。在葡萄牙波尔图杜罗防波堤的进行1MW试点项目的安装和并网需要该注册批准。
The Small-Production Unit Registration approval is the first permit required by EW Portugal to proceed with the actual installation and grid connection of a first 1MW wave energy power station on the ocean side of the Barra do Douro breakwater.
小型生产装置注册批准是葡萄牙艾克波浪能被要求获得的第一个许可证，用于在波尔图杜罗防波堤的海洋一侧进行第一个1MW波浪能发电站的安装和并网。
The 1MW project is planned to be the first stage of the 20MW Concession Agreement entered into with APDL  Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A.) in April 2020, for the potential usage of four locations owned and operated by APDL. 
1MW项目计划作为2020年4月与APDL管理机构拍卖和维亚纳城堡所签订的20MW特许协议的第一阶段，生产的电力将被APDL所拥有和运营的四个场所使用。
Reception of the Small-Production Unit registration approval was facilitated by EW Portugal in collaboration with the Portuguese law firm PLMJ Advogados, SP, RL (“PLMJ”)  and the engineering and construction firm PAINHAS, which has more than 40 years of experience providing global turnkey solutions.
艾克波浪能葡萄牙公司与葡萄牙律师事务所— PLMJ律师事务所，SP，RL（PLMJ）和工程和PAINHAS建筑公司合作，协助获得小型生产单位注册批准。PAINHAS在提供全球交钥匙解决方案方面拥有40多年的经验。
Upon completion of the installation and grid connection works, EW Portugal will require a final operation certificate from DGEG for the operation of the power station.
安装和并网工程完成后，艾克波浪能葡萄牙公司将要求DGEG出具电站运行的最终运行证书。
This project is in line with Portugal’s National Energy and Climate Plan for 2021-2030, otherwise known as PNEC 2030, which has set an objective for Portugal to ensure 47% of renewable sources in its gross final energy consumption by 2030.
该项目符合葡萄牙2021-2030年国家能源和气候计划（也称为PNEC 2030），该计划为葡萄牙设定了一个目标，即到2030年确保可再生能源占最终能源消费总量的47%。
Portugal has an immense wave energy resource, which, according to  estimates by the Government of Portugal, can supply 3-4GW of power capacity. Eco Wave Power’s project will be a significant milestone in the adoption of wave and ocean energy in Portugal and will contribute greatly towards the country’s goal under the PNEC 2030 plan, of implementing 70MW of wave power capacity by 2030.
葡萄牙拥有巨大的波浪能资源，据葡萄牙政府估计，该资源可提供3-4GW的电力容量。艾克波浪能的项目将是葡萄牙收集并利用波浪和海洋能源的一个重要里程碑，并将极大地促进该国在PNEC 2030计划下的目标，即到2030年实现70兆瓦的波浪发电容量。
Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power stated: “We are pleased to announce the Small-Production Unit registration Approval for our first planned 1MW wave energy project in Portugal. This is a huge leap towards the deployment of our first one MW wave energy power plant in Portugal. We would like to thank the Ministry of Environment and Climate Action, DGEG, PLMJ, Painhas, and all the other parties who are involved to support this first-of-a-kind project in Portugal. We believe that the successful execution of this project will mark the start of a new and exciting era for the wave energy sector in Portugal and around the globe.”
艾克波浪能创始人兼首席执行官Inna Braverman表示：“我们很高兴地宣布，我们在葡萄牙计划的第一个1MW波浪能项目的小型生产装置注册获得批准。这是我们在葡萄牙部署第一个1MW波浪能发电厂的一个巨大飞跃。我们要感谢环境和气候行动部、DGEG、PLMJ、Painhas和所有其他参与支持葡萄牙第一个同类项目的RTE。我们相信，该项目的成功实施将标志着葡萄牙和全球波浪能源行业一个新的激动人心的时代的开始。”
About Eco Wave Power Global AB (publ)
Eco Wave Power Global (“Eco Wave Power”) is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient 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 ocean and sea waves.
关于Eco Wave Power Global AB（publ）
Eco Wave Power Global（“艾克波浪能”）是一家领先的陆上波浪能源技术公司，该公司开发了一种专利、智能和成本高效的技术，用于将海洋和海浪转化为绿色电力。艾克波浪能的使命是通过利用海洋和海浪进行商业发电，协助应对气候变化。
Eco Wave Power is recognized as a “Pioneering Technology” by the Israeli Ministry of Energy and was labeled as an “Efficient Solution” by the Solar Impulse Foundation. Eco Wave Power’s project in Gibraltar has received funding from the European Union Regional Development Fund and the European Commission’s Horizon 2020 framework program. The company has also received the “Climate Action Award” from the United Nations.
Eco Wave Power’s common shares (ECOWVE) are traded on Nasdaq First North and its ADSs (WAVE) are traded on the Nasdaq Capital Market.
FNCA is the company’s Certified Advisor (+46 8-528 00 399, info@fnca.se).
Read more about Eco Wave Power at: www.ecowavepower.com.
Information on, or accessible through, the website mentioned above does not form part of this press release.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Eco Wave Power is using forward-looking statements when it discusses that EW Portugal will require a final operation certificate from DGEG for the operation of the power station, that Eco Wave Power’s project will be a significant milestone in the adoption of wave and ocean energy in Portugal and that it will contribute towards Portugal’s goal under the PNEC 2030 plan. These forward-looking statements and their implications are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Registration Statement on Form F-1 filed with the SEC, which is available on the SEC’s website, www.sec.gov.
For more information, please contact:
Inna Braverman, CEO
inna@ecowavepower.com
+97235094017
Aharon Yehuda, CFO
Aharon@ecowavepower.com
The information in the press release is information that EWPG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on August 19, 2021, at 3:00 pm (CEST).