Why Eco Wave Power? The wind and Solar Industry are “packed” with major competitors. The wave energy industry was struggling to commercialize, due to problems of high cost and reliability. According to the World Energy council, The market potential for wave energy is ONE NE TRILL LLION ON USD. The first company that will develop a reliable and cost-efficient wave energy solution will grasp a significant share of the market potential. EWP’s goal is to be the first commercially viable solution in the wave energy field The company has developed proprietary technology for extracting energy from ocean and sea waves and converting it into electricity. Such technology enables to deliver effective, sustainable wave energy solutions, for affordable electricity prices. The EWP system is being developed to produce electricity for cheaper price than traditional energy generation methods such as oil, coal and gas, and also cheaper than renewable energy generation methods such as wind and Solar.
EWP’S Intellectual Property EWP’s unique methods for Electricity production: The “Power Wing” and the “Wave Clapper” are covered by an Israeli pending patent and an International PCT , with additional patents under development. Eco Wave Power recognizes the importance of the creation and protection of our IP , therefore we use the best experts in this field and invest significant resources in the maintenance of our global intellectual property portfolio. The EWP patent portfolio includes: System Design Unique mechanism for float’s rise and submersion Control systems Innovative system for Float’s mobility Advanced corrosion prevention and maintenance Mechanism for protecting the system from Shock Waves Lever Regulation Mechanism Float Regulation Mechanism Power Conversion Wave Farm Architecture .
Our T echnology The EWP convertors draw energy from wave power throughout uniquely shaped floaters: “The Wave Clapper” and the “Power Wing” that rise and fall with the up and down motion, lifting force, change of water level, hydraulic air lock, and incident flux of waves. The “Wave Clapper” and the “Power Wing” are fully equipped with sensors which continuously monitor the performance of the various subsystems and surrounding ocean environment. As a result, Data is transmitted in real time. In the event of upcoming storms, the system automatically “recognizes” the type of waves, and independently “decides” whether to raise the floaters over the water level, or to create a process of floaters submersion into the ocean, in order to protect the system from mechanical damages.
Transmission When the wave heights return to normal, the system unlocks and recommences energy conversion and transmission of the electrical power. The motion of the floats is then delivered to the power station. The Shore- located, machinery room ”/power station (located on land, just like a regular power station), converts the energy from this motion into fluid pressure, which is used to spin a generator, producing electricity. One of our clear advantages is that only the buoys and pistons are located in the water, whereas all the technical equipment operates on land, thereby improving reliability and providing easy access for maintenance and repair. The floats are attached by robust arms to any type of structure, such as (but not limited to) breakwaters, peers, poles, and floating and fixed platforms.
Award - Winning 1. September, 2012/4- Frost and Sullivan Project Innovation Award 2. July, 2013- final candidate in Business Green Leaders Awards, UK 3. November, 2013- winner of Intesa SanPaolo Start Up Initiative, Italy 4. May, 2014- winner of Mixiii Innovation Award by the Israeli Chief Scientist 5. June, 2014- Winner of “Energy Globe Award” for “best Project in Israel” 6. July, 2015- Winner of “Erasmus Energy Awards ” 7. January, 2016- Winner of Israel Energy & Resources Deal of the Year For the Eco Wave Power Funding Round Transaction 12/28/2015
Quotes “SIMPLE and could be standardized” “Maintainability is better as the critical part is on the shore” “It could be promoted as environmentally aesthetic and as a means to prevent sea erosion” “Provision of accumulator, Eco -friendly hydraulic oil system and inverter could enable Grid connection electrically.” “Smaller units could be easily connected to even 400 v distribution system” “ Cost effective design possible, wave clapper and power wing. ” “ Basic Driver and generator are on the shore” “We are quite impressed on the simplicity of design and your confidence on the design performance. ormance. ” Attupur purat athu hu Luke, , Electri ctrica cal Enginee neer (track record of 5000MW) 12/28/2015
Quotes "The judges were really taken with the world-changing potential of Eco Wave Power. The company has introduced a number of innovations to the technical design of its solution, aiming to avoid the known pain points of other wave energy products on the market. This appears to be the reason the company has garnered such market interest in a relatively short period of time. If the company can execute on its vision of delivering economically competitive energy to the grid it will be a true game-chang changer er" Davi vid d Stark ark, , a p princip nciple le at "OURCRO ROWD" WD" invest estment ment platform orm “usually we are less involved in fund-raising for start-up companies, however this company is inn nnovati ovative ve and their technology looks like a br breakthr eakthrough ugh, upon proving its feasibility. We We bel belie ieve ve in in the he company company and think that they have a chance to be the one that will make a chan ange ge in in the wave ve energy gy field. ” T amar ar Ben Dor, Investme stment nt Manage ager, in B BDO' O's M&A depar artment ment 12/28/2015
Quotes · Cost estimates per kWh is very attractive. · Very large market with a simple solution · Installation appears to be very easy · Already on the market with a demo plant · Agreements in place and potential agreements in negotiations Judging ing panel l in Intes esa a SanPaolo lo Star ar-Up Up Initiat ative ive "Eco Wave Power efficiently handles les the prominent inent challe llenges ges prevailing in the field and offers an all-round ound solution ion for effect ctive ive energy gy harves vesting ing. EWP's construction costs, as well as production costs per KWh, were found to be the most compet petit itive ive in the wave energy market.” Frost t & Sullivan ivan Award 2012 2 &201 014. 12/28/2015
Why Wave Energy? A full two-thirds of the world’s population – 4 billion people – live within 400 kilometers of a seacoast. Just over half the world’s population – around 3.2 billion people – occupy a coastal strip 200 kilometers wide (120 miles), representing only 10 per cent of the earth’s land surface. With this population distribution, increasing human numbers and mounting development, the need for sea wave energy for these coastal regions becomes evidently undeniable
Advantages of wave energy 1. Sea wave energy has the highest concentration of renewable energy. Sea waves are the result of the concentration of energy from various natural sources like sun, wind, tides, ocean currents, moon, and earth rotation. 2. Waves originate from wind and storms far out to sea and can travel long distances without significant energy loss, power production is much steadier and more predictable. This reduces project risk. 3. Waves near land tend to be parallel to the coast. 4. Wave energy contains roughly 1000 times the kinetic energy of wind. Hence it allows smaller and less conspicuous devices to produce power. Also, water being 850 times as dense as air results in much higher power produced from wave averaged over time. 5. . Theoretically you can extract 40 MW of power per km of coast where there are gentle waves (say 1 M height) and 1000 MW per km of coast where the wave height is 5 M. 6. . Unlike wind and solar, power from sea waves continues to be produced round the clock whereas wind velocity tends to die in the morning and at night. Solar power depends on sun and cloud cover.
Comparison in T erms of Prices for construction Type of Plant Construction cost per 1MW Solar Up to 1.5 Million USD Onshore wind/offshore wind Up to 1.75 Million USD/ 3 Million USD ECO WAVE POWER 1 Million USD* The Wave Clapper *In accordance to the wave heights, and not inclusive of installation and connection to the grid
Return Of Investment Construction cost per 1MW Type of Plan Solar 10 to 15 years Wind 13 years ECO WAVE E POWER ER 3 3 to 6 6 years The Power Wing 12/28/2015
Significant Mile-Stones 1. The company was established in March, 2011. 2. In December 2011, EWP concluded its wave tank testing with approval from the Hydro Mechanic Institute in Kiev 3. In April 2012, EWP installed its first real conditions power plant (10KW) on 2 breakwaters in the Black Sea, and collected data for power matrix. 4. In May, 2013, EWP Joined Benjamin Netanyahu’s delegation to China, and signed an investment agreement with a Chinese Governmental fund. 12/28/2015
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