In June, 2014, H.M. Government of Gibraltar signed its first power purchase agreement in the histroy of Gibraltar for the provision of renewable energy.The agreement with Eco Wave Power is for the provision of an initial 0.1 to 0.5MW energy device on the eastside, with a view to further expansion up to a full 5MW (which will comprise around 15% of Gibraltar’s energy use) .
Eco Wave Power is an international wave power developer, headquartered in Israel. Uur technologies use uniquely shaped buoys to capture and convert wave energy into low-cost, clean electricity and the floaters will be specifically designed in accordance with Gibraltar’s particular wave climate. The system will also
have in-built storm protection and shock-wave protection mechanisms. Wave energy is being deployed more and more widely across the globe and Gibraltar’s unique location, coupled with the ability to reliably calculate and project wave patterns, mean that this is a very promising technology for the Rock.
This agreement forms part of H.M. Government of Gibraltar’s overall plan for
increasing the level of renewable energies in Gibraltar, with a view to moving away from Gibraltar’s current dependence on fossil fuels towards a more sustainable
energy future. EWP is excited to help Gibraltar to reach its goals.
2015 – to finalize the first step and to construct the first grid-connected wave energy power plant in Gibraltar (initial size of 0.1 to 0.5MW)
The Commitment was developed due to Eco Wave Power’s desire to be the first wave energy company in the world to develop reliable and cost efficient commercial wave energy solution combined with Gibraltar’s goal of establishing a renewable energy policy to favour the development of renewable energy and to decrease the pollution rates.
The commitment will be realised using EWP’s human resources, IP and technical know how for the construction of the first renewable energy power plant in the history of Gibraltar, combined with the vision of David Leb (Founder and CEO) and Ms. Inna Braverman (Co founder) to create a greener world for the next generations to come. EWP has an award winning solution for wave energy generation.
In 2012, the company has recieved the Frost and Sullivan Product Innovation Award for developing an “all-round solution for effective energy harvesting”, and during this year (2014) the company recieved the Chief Scientist’s of Israel Product Innovation Award (please see: http://www.iati.co.il/files/files/Wow%20Winners.pdf), as well as chosen as “Best renewable energy Project in Israel” by the Energy Globe Awards. For further info please read: http://www.energyglobe.info/israel2014?cl=english
Additional supporting organizations are the Government of Gibraltar and Gib Electric (the national Electric Company) which decided to implement the first renewable energy project in the history of the country. Please see official press release by the Government of Gibraltar: https://www.gibraltar.gov.gi/images/stories/PDF/pressoffice/pressreleases/2014/287-2014.pdf
and also our financial supporters that enable this project to come to life.