Eco Wave Power has announced a significant partnership with Bharat Petroleum through a newly signed memorandum of understanding (MoU) aimed at harnessing India’s vast wave energy potential. This public-private collaboration is an important step toward the wider adoption of renewable energy solutions in India. The country’s potential wave energy capability is an impressive 40,000 megawatts (MW).
The Memorandum of Understanding is in keeping with Eco Wave Power’s strategy to deploy and operate wave energy projects around the world. Inna Braverman, who founded the company, has recently garnered international headlines after the company successfully deployed the world’s first commercially viable wave energy technology into US waters, marking a major milestone for the realization of this new renewable energy source.
Commitment to Renewable Energy
Inna Braverman expressed enthusiasm about the new projects on the horizon, stating, “I’m excited to announce that our next projects are already being prepared in Taiwan, India, and Portugal. Wave energy has enormous potential – it is predictable, reliable, and available right here on our coastlines. With projects like this, we are proving that wave energy is not just the future – it is here, now.”
The installation of this technology represents a major achievement for Eco Wave Power. It’s aligned with California’s climate goals to maximize carbon reduction, transition to clean energy, minimize environmental impact, among others. Federal support for marine energy at this point is booming. This effort is bolstered by Congresswoman Nanette Díaz Barragán’s introduction of the Marine Energy Technologies Acceleration Act.
Legislative Support for Marine Energy
The Marine Energy Technologies Acceleration Act is an ambitious $1 billion effort. Its mission is to accelerate the widespread adoption of marine energy across America. This legislation emphasizes the federal government’s role in supporting and advancing the commercialization of innovative renewable energy technologies. Congresswoman Barragán celebrated Eco Wave Power’s recent success and emphasized the historic nature of their technology deployment.
“Eco Wave Power made history by deploying its innovative wave energy technology into US waters for the very first time. This milestone shows incredible potential for wave energy to power our communities with clean, renewable electricity, while creating jobs and protecting our environment.” – Nanette Díaz Barragán
This act delivers enormous resources to cultivate marine energy technologies. It’s the foundation of a sustainable future that’s powered by clean, renewable resources.
Future Projects and Global Impact
Eco Wave Power’s ambitions spread even further afield than the United States, with advanced preparations for projects in Taiwan, India, and Portugal. It’s indicative of India’s wider ambitions to take a global leadership role in renewable energy. Through realizing the nation’s vast wave energy potential, both companies hope to play a large role in the creation of sustainable energy resources.
Eco Wave Power has recently installed innovative wave energy technology. This progress will undoubtedly be the key to helping us meet our sustainability objectives. At Eco Wave Power we’re powering local economies by creating jobs. Simultaneously, it is carrying out an unprecedented, harmful assault on the federal government’s environmental and conservation initiatives.