Israeli-Swedish wave energy production company Eco Wave Power has been selected for accelerator programs in Spain (Rising UP in Spain) and the UK (Cleantech Bootcamp 2021), the company announced Thursday.
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The Spanish program will run over six to eight months, whereas the UK program will run for a duration of 4 weeks with program partners including the British Embassy in Israel, and corporates such as Shell, Octopus Energy, Hewlett Packard Enterprise, National Grid, and the Clean Growth Fund among others. Both programs aim to facilitate business opportunities through custom-made investor networks, entry to major national and international events, business development and legal support, as well as local marketing and communication.
Spain and the UK are two of the largest potential markets for companies within the renewable energy sector. Eco Wave Power's wave energy technology has already received positive attention in Spain and the UK for its pioneering technology based on a number of Letters of Intent signed with the largest ports in these countries. Since 2020, Eco Wave Power has signed letters of support with the Port of Bilbao, Port of Valencia, Port of Barcelona, and Port of Las Palmas.
Spain has 8,000 km (4,970 miles) of coastline and set an ambitious target of 74% renewables by 2030, while the UK has over 12,500 km (7,767 miles) of coastline and a target of reaching net-zero by 2050.
Eco Wave Power CEO Inna Braverman said, "Spain and The UK are strategic markets for the expansion of Eco Wave Power's operations, and having our company participate in Rising UP in Spain and in the Global Tech Connect UK Cleantech Bootcamp 2021 will enable us to further develop the projects we have in our pipeline in these markets, as well as, to secure additional projects."
