Eco Wave Power (EWPG Holding AB) – a Swedish-Israeli wave energy developer – has won the public voting for the Global Innovation Award, in the ‘Life Under Water’ category, at Abu Dhabi Sustainability Week. The company’s innovative wave-to-energy solution generates clean electricity from ocean and sea waves.

 

Organised by sustainable showcase ‘Globally’ on behalf of the UAE’s Ministry of Climate Change and Environment (MOCCAE), the Award aims to attract innovations from around the world to the UAE to support the country in its quest to become a world leader in sustainable development. 

The third edition received a record number of applications – more than 1,200 from 65 countries. Global entrants submitted their innovations to www.GloballyGreat.com – an online video platform focused on the world’s most sustainable innovations. 

A total of 113 applicants from 23 countries were chosen to proceed to the next round. The selection criteria comprised the ability of the companies to present a highly innovative solution to a pressing sustainability challenge, their alignment with the sustainability objectives of the UAE Vision 2021, and the applicability of the solutions to the UAE. 

An “inspiring example” of sustainability

His Excellency Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, said that the UAE is firmly committed to innovation and sustainability. “Innovation plays a vital role in delivering on the eight pillars of the UAE Environmental Policy,” he stated. “Therefore, we welcome innovators and entrepreneurs whose creativity and experience can go a long way in advancing the country’s sustainable development, and the Global Innovation Award provides an ideal platform to highlight this approach.”

Stefanie Schachtschabel, Managing Director of Globally, said her organisation was delighted to be able to support Eco Wave Power, with its market entry into a region truly committed to sustainability. “Our goal as a platform is to inspire, educate, and inform our audience about how we can make the transition towards a green economy, and Eco Wave Power provides a truly inspiring example that is applicable worldwide.”

This year, the scope of the award was expanded to include three new categories, each dedicated to a different Sustainable Development Goal – Sustainable Cities (SDG11), Responsible Consumption and Production (SDG12), and Life Below Water (SDG14).

The ‘Life Below Water’ Award win is the latest in an impressive flurry of awards and recognition for Eco Wave Power. EWP has already been recognised as a ‘Pioneering Technology’ by the Israel’s Ministry of Energy and was labelled 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 from the European Commission’s HORIZON2020 framework programme. The company has also been recognised by the United Nations through its status as a recipient of the organisation’s ‘Climate Action Award’.

The Eco Wave Power share (ECOWVE) is traded on Nasdaq First North Growth Market.