Mes: enero 2021

CHARLOTTE, N.C. and GUELPH, ON, Jan. 7, 2021 /PRNewswire/ — Canadian Solar Inc. («Canadian Solar») (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the 144 MWac Pflugerville Solar project to Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK). The project is under construction in Travis County, Texas and is expected to achieve commercial operation in mid-2021. The energy generated from the Pflugerville Solar project will be sold to Austin Energy under a 15-year power purchase agreement (PPA).

This is the fifth utility-scale project that Duke Energy Renewables has acquired from Recurrent Energy, including the Rambler Solar project in Texas, which reached commercial operation in 2020.

«This sale to Duke Energy Renewables is another milestone that demonstrates Recurrent Energy’s leadership position in the United States, where we currently have more than 5,700 MWac of solar projects under construction and in development,» said Shawn Qu, Chairman and CEO of Canadian Solar. «The execution and sales process for this project was disrupted due to the COVID pandemic. However, we were nimble and quickly secured the financing to start construction and close the sale on time. To complete this transaction in 2020 is quite an achievement and I thank our teams and partners for their dedication and hard work.»

Dr. Qu added, «We have a long-standing relationship with Duke Energy Renewables and are pleased that they have become the new owners of Pflugerville Solar, as it is a landmark project that will power local homes in the Austin area, supporting the clean energy transition as the Lone Star State continues to diversify its energy mix.»

«We’re excited to add this terrific project to our growing Texas solar portfolio to meet the increasing demand for power in the state and support our longstanding relationship with Austin Energy,» said Chris Fallon, president of Duke Energy Renewables. «In addition to providing Austin Energy’s customers with low-cost clean energy, this project will also bring significant economic benefits to the state.»

Austin Energy, the City of Austin’s electric utility, serves more than 500,000 customer accounts and more than one million residents in Greater Austin. This PPA supports Austin Energy’s renewable energy goals, which commit the utility to achieve at least 55 percent renewable energy by 2025, and 65 percent renewable energy by the end of 2027. The project also supports Duke Energy’s goals of doubling its renewable energy resources by the end of 2025.

«We currently meet 63 percent of our customers’ energy needs with carbon-free resources,» said Austin Energy General Manager Jackie Sargent. «Adding the Pflugerville Solar project to our portfolio will bring us closer to meeting our affordability and climate protection goals adopted by the Austin City Council and championed by our customers.»

The 144 MWac Pflugerville Solar Project, will generate enough energy to power approximately 27,000 homes. The power plant will utilize approximately 489,600 pieces of Canadian Solar’s high efficiency bifacial BiKu modules across 932 acres in Travis County, Texas. The engineering and construction for the project is being performed by Signal Energy. To support the construction of the project, in August, Recurrent Energy closed debt and tax equity financing totaling over $234 million. The tax equity financing was provided by U.S. Bank and the debt financing was provided by a bank club led by CIT Bank, which included Norddeutsche Landesbank («Nord/LB»), Rabobank, and Zions Bank. Duke Energy Renewables will provide the long-term operations and maintenance services to the project.

The project is expected to employ 350 workers at peak construction, with at least 50% of those construction jobs expected to be filled by local skilled tradesmen from the Travis County area. Along with indirect economic benefits that accompany solar project development, such as increased local spending in the service and construction industries, Pflugerville Solar will also have a positive economic impact on the local community by providing significant tax revenues for Travis County and the Elgin Independent School District.

As one of the nation’s top renewable energy providers, Duke Energy plans to double its enterprise-wide renewable portfolio from 8 GW to 16 GW by the end of 2025.

About Canadian Solar Inc.  

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 49 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 5.6 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Recurrent Energy  

Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com.   

About Duke Energy Renewables

Duke Energy Renewables, a nonregulated unit of Duke Energy, operates wind and solar generation facilities across the U.S., with a total electric capacity of 3,000 megawatts. Duke Energy is one of the
nation’s top renewable energy providers – on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by 2020. The power is sold to electric utilities, electric cooperatives, municipalities, and commercial and industrial customers. The unit also operates energy storage and microgrid projects. Visit Duke Energy Renewables for more information.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, in addition to Duke Energy Renewables’ capacity.

Duke Energy was named to Fortune’s 2019 «World’s Most Admired Companies» list, and Forbes’ 2019 «America’s Best Employers» list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.    

About Austin Energy 

Customer Driven. Community Focused. 

Austin Energy, the City of Austin’s electric utility, lights a brighter future for more than 500,000 customer accounts and more than one million residents in Greater Austin. The utility’s commitment to providing value powers the community and the innovation and culture that has made Austin a destination city. Austin Energy has powered the community for 125 years, delivering safe, affordable, reliable energy and excellent customer service. The publicly owned utility will continue to shine a light into the future. For more information about Austin Energy, visit austinenergy.com. 

Safe Harbor/Forward-Looking Statements  

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the «Safe Harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as «believes,» «expects,» «anticipates,» «intends,» «estimates,» the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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SOURCE Canadian Solar Inc.

LONDON, Jan. 7, 2021 /PRNewswire/ — Investing will never be the same again.  The $120 trillion sustainability trend has left no sector untouched, and it is fueling one of the biggest transfers in capital the world has ever seen.  Mentioned in today’s commentary includes:  Enphase Energy, Inc. (NASDAQ: ENPH), NextEra Energy, Inc. (NYSE: NEE), TOTAL SE (NYSE: TOT), NVIDIA Corporation (NASDAQ: NVDA), Apple Inc. (NASDAQ: AAPL).

Blackrock, the world’s largest asset manager with $7 trillion under management, has already said that its clients are looking to double their ESG investment in the next 5 years. And that is only the beginning.

Within a year, 77% of institutional investors have said they will stop investing in companies that aren’t considered sustainable. Climate change is being listed as the single biggest concern for money managers around the globe. And sustainable assets already account for $17.1 trillion of the global market. But the real size of this opportunity is much, much bigger. 

Investors and banks with more than $120 trillion in assets have agreed to start incorporating ESG elements into their investing strategies. And the impact of these developments can already be seen in the stock market.

With up to $120 trillion in assets looking for a new home, it is no surprise that sustainable stocks like Tesla, Facedrive (FD, FDVRF), and Enphase Energy (ENPH) all soared in 2020.

Enphase took advantage of the solar boom as the oil industry took a major hit and multiple governments moved to reduce emissions. Tesla saw its stock explode as the electric vehicle movements captured the imagination of a new generation.

Facedrive, perhaps the most exciting of all, found itself at the crossroads of multiple different ESG trends just as the biggest investors in the world searched desperately for a sustainable investment. This Canadian disruptor with a $1.5 billion market cap entered one of the most exciting upcoming sectors of 2020 with its acquisition of Washington, DC-based Steer–a high-end EV subscription service that plans to transform the way we think about car ownership altogether. When it comes to finding a diversified and sustainable stock in 2021, this ‘people and planet first’ company is drawing a lot of attention.

What Do Institutional Investors Want?

When it comes to big wins for big money in this new segment, investors invariably turn to tech stocks that can have a large scale impact on the environment, sustainability and governance. 

PwC highlighted that «public awareness of ESG-related risks has catapulted climate change and sustainability to the top of the global agenda» and now COVID has brought «the real-life impacts of overlooking ESG factors into the spotlight». So in 2021, we can expect this new COVID-driven outlook to only pick up momentum.

The CEO of Blackrock famously stated that he believes that «we are on the edge of a fundamental reshaping of finance». And with that in mind, companies like Facedrive that look to challenge and replace companies that have failed to react to this transformation could be the big winners.

A good example of this is Uber and Lyft, the two transportation giants that entirely reinvented the taxi industry. Both those companies ignored the growing sustainability trend as their businesses exploded, they created more pollution than they displaced, and in terms of governance, they spent most of their time butting heads with local authorities and their own drivers. 

And this is just one example of how Facedrive saw an opportunity to use this $120 trillion transformation to create the ride-hailing service of the future. It became the first company to offer riders a choice of EVs and hybrids, it offset the carbon footprint of its riders, and it aimed to work with local government and riders to ensure communities weren’t destroyed. But that was only the beginning: 

Facedrive’s most exciting move in the transportation space came with its recent acquisition of Steer. Backed by a subsidy of energy giant Exelon (EXC), Steer is planning the biggest disruption in the private automobile industry for decades. Steer offers a seamless, hassle-free technology that gives subscribers access to their own virtual garage of low-emissions vehicles and EVs. 

Even more impressively from an investment point of view, for Facedrive (FD, FDVRF), the deal includes a $2-million strategic investment by Exelon’s wholly-owned subsidiary, Exelorate Enterprises, LLC.  It’s no surprise then that Facedrive is up 566% year to date – and things may well get better in 2021.

The Sustainability Boom Is Only Just Beginning 

Many were caught by surprise in 2020 when the ESG investment trend sent stocks soaring by triple digits or even more. But that was only the beginning. 

There isn’t an industry out there that won’t be transformed by the tsunami of ESG capital forming in the stock market. 2020 may have been what Fidelity called a «bumper year for sustainable investing», but now the regulatory and social impact of all that investing is about to be felt.

There will be plenty of retail investors looking at the stocks that are set for a rebound in 2021, but the real money is probably going to be made with stocks that didn’t need to recover.  The stocks that are ready for the new reality of markets. Stocks that are flexible, ambitious, and moved early on this new trend.  Stocks like Facedrive (FD, FDVRF), where the deal flow is as fast as the trillion-dollar megatrend itself. 

Major Moves And Ambitious Acquisitions 

Keeping up with the newsflow coming out of this ambitious company is a challenge in itself. In 2020, there seemed to be a new major acquisition every month. The much hyped Steer acquisition was first reported in September.

In July, Facedrive stormed another space–the rapidly growing food delivery business that is now being defined by merger mania. Facedrive acquired assets of Foodora Canada—until then a subsidiary of global giant Delivery Hero–along with 5,500 restaurant partnerships and hundreds of thousands of active members. Facedrive Foods now operates out of 19 cities in Canada, with an eye on expansion into the US markets in the near future.

In August, Facedrive launched TraceScan, the COVID tracking app with state-of-the-art COVID contact-tracing and a huge competitive advantage because it includes wearables. It wasn’t long before Air Canada signed up to TraceScan and the Ontario government began trials with it.

Then it added Amazon and Canadian telecoms giant Telus to Facedrive’s Corporate Partnership Program. Both Amazon and Telus will be getting corporate pricing and services from Facedrive’s carbon-offset rideshare and food delivery platform. 

The names in this space are undeniably huge, but nothing is larger than the financial potential of this shift.  When it comes to investing in 2021, ignoring the sustainability trend is an error investors simply can’t afford to make.

Energy Providers Are All The Rage

Renewable energy providers are some of the top picks for ESG investors, as well, but few have performed as well as Enphase Energy (ENPH). Enphase is a Fremont, California-based company that designs and manufactures software-driven home energy solutions used in solar generation, home energy storage, and web-based monitoring and control.

Despite the tough first half of 2020, Enphase has remained a favorite on Wall Street. Since January of last year, Enphase has seen its share price rise by a massive 472%, and it’s only just getting started. As the renewable push kicks into high gear, and with the United States expected to spend over $1.7 trillion on green energy initiatives over the next decade, Enphase might just emerge as one of the biggest winners.

NextEra Energy (NEE) is another shining star in the renewable world. NextEra is the world’s leading producer of wind and solar energy, so it’s no surprise that it has received some love from the ‘millennial dollar.’

In 2018, the company was the number one capital investor in green energy infrastructure, and fifth largest capital investor across all sectors. No other company has been more active in reducing carbon emissions.

Though its price movement hasn’t been as exciting as Enphase, it has remained on a consistent upward trajectory. In fact, long-term investors who bought in just 5 years ago would be sitting pretty on 300% returns. And the icing on the cake? It pays dividends.

Not even the supermajors in the oil industry can ignore the ESG demand from investors. They’ve been diversifying their portfolios to hedge their bets in the rapidly changing new reality of energy. And no other oil major takes this more seriously than Total (TOT). Total has led the charge to go green. It is not only aware of the needs that are not being met by a significant portion of the world’s growing population, it is also hyper-aware of the looming climate crisis if changes are not made.

It’s also one of the most conscious companies in the business. Total checks every box in the ESG checklist. It is promoting diversity and safety, making massive changes in its operations to ensure that its business is environmentally sound, and has even committed to going carbon neutral by 2050 or sooner. It’s no surprise that shareholders are loving its forward-thinking approach.

Big Tech’s Influence On The ESG Trend

Nvidia Corporation (NVDA) has made major progress towards a more sustainable tomorrow. But what makes NVIDIA even more special is that it is tackling the ESG trend on all fronts. In fact, it was ranked as one of the world’s top 100 companies to work for due to its incredible working conditions, hiring practices and professional development programs. In addition to its ranking as one of the world’s top companies to work for, it was also ranked on MIT Tech Review’s 50 Smartest Companies list and the Human Rights Watch’s Corporate Equality Index.

In 2020, Nvidia has done something that many other companies have struggled to do. Not only has it stayed afloat in one of the most trying years in recent history, it has thrived. Since January 2020, Nvidia’s share price has increased from $293 to $525, representing a noteworthy 80% increase in value.

Apple (AAPL) is another leader in Big Tech’s sustainability push. From the products themselves, to the packages they came in, and even the data centers powering them, Steve Jobs went above and beyond to cut the environmental impact of his company.

After his passing, Tim Cook took these principles to heart, and picked up the torch, transforming all of Apple’s operations into models of a sustainable future. Now, all of Apple’s operations run on 100% renewable energy.

And it’s already having an impact. Not only have they decreased their average product’s energy use by 70 percent. They’ve reduced their total carbon footprint by more than 35 percent in just a few short years. All while securing the title as the World’s Two Trillion Dollar Company.

By. Rick Peters

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that Tracescan  could help the travel and tourism industry deal with COVID and will sign new agreements for use of its alert wearables; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will be able to expand to the US and globally; that Facedrive’s merchandise business and sports prediction app will prove popular and successful; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; TraceScan may not work as expected in commercial settings and customers may not acquire or use it; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for merchandise partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively «the Company») owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

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This release contains «forward-looking statements» within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. «Forward-looking statements» describe future expectations, plans, results, or strategies and are generally preceded by words such as «may», «future», «plan» or «planned», «will» or «should», «expected,» «anticipates», «draft», «eventually» or «projected». You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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SOURCE Oilprice.com

Looking forward to 2021, with many uncertainties ahead, the world’s longest-running cryptocurrency exchange, BTCC launches AMAs on the topic «Crypto Trends to Look For in 2021″ to help the cryptocurrency community to clear the uncertain economic times ahead.

LONDON, Jan. 7, 2021 /PRNewswire/ — At the beginning of 2021, the world’s oldest cryptocurrency, Bitcoin, has seen an all-time high of over $35,000 on 6 January 2021, which is not surprising for institutional investors as well as high-net-worth individuals who consider BTC as a hedge against extraordinary fiscal stimulus programs. Here is an AMA summary from Chief Research Officer, Dan at BTCC.

ETH Price Prediction in 2021

The world’s largest financial derivatives exchange, CME Group, announces its ETH derivative product will go live on February 2021, following the launch of Bitcoin derivative product. It means ETH will be considered as a financial product, and will be regulated by the Commodity Futures Trading Commission (CFTC). We expect that the launch of ETH derivative product next year will bring more institutional funds into the market, thus the price of ETH is very likely to see a massive rise.

Growing Number of Institutional Players Entering the Crypto Market

The year of 2020 also has seen numerous examples of institutional investors turning their attention to the world’s most popular cryptocurrency. For example, one of the largest insurance firms, MassMutual, has purchased $100 million of Bitcoin on December 2020.

We expected to see the crypto market to rise from the end of 2020 to 2021. The difference between the bull run this year to the one in 2017 is that previous bull was driven by individual investors and some whales. However, the bull run this year is mainly driven by institutional investors pushing the price up.

Top 10 Cryptocurrencies to Look Out for in 2021

The major theme of crypto market next year will be around DeFi, Polkdot, and ETH 2.0, therefore we will expect ETH remain unchanged at the top 2. While XRP, BCH, LTC and EOS are not what the market needs for next year, we expect to see these coins fall out of their current ranking.

Here is a prediction of crypto ranking in 2021 by Dan: BTC, ETH, USDT, LTC, XRP, BNB, LINK, UNI, DOT, BCH.

BTCC currently offer 9 major cryptocurrency trading pairs including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), EOS (EOS), Ripple (XRP), Stellar (XLM), Dash (DASH), and Cardano (ADA). Users can trade Bitcoin weekly contract, and perpetual contract at BTCC with leverage of 10x, 20x, 50x and 100x. BTCC also offer Bitcoin daily contract with 150x leverage.

About BTCC

Founded in 2011, BTCC is the world’s longest-running crypto exchange and currently headquartered in the UK. With nearly 10 years of operating history, BTCC is known for its safe and stable, top-end market depth, and as well as faster transaction speed. For more information, visit www.btcc.com. 

Press Contact: press@btcc.com

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Crypto Trend to Look Out For in 2021
Crypto Trend to Look Out For in 2021 – BTCC Chief Research Officer Dan

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SOURCE BTCC

STOCKHOLM, Jan. 7, 2021 /PRNewswire/ —  Pursuant to the engineering coordination permit from the Municipality of Tel-Aviv Jaffa (permit number 2020-4345) for the deployment of the grid connection works of the EWP-EDF One wave energy project, today,  Eco Wave Power (EWPG Holding AB, Stock Symbol: ECOWVE) is pleased to announce that it officially commenced the grid connection works in the Port of Jaffa, Israel.

The grid connection works are performed in two parts, as they include different routes within the port. The first part is performed by the infrastructure subcontractor YEHIMOVITZ SUISSA LTD, in the shipyard area of the Port of Jaffa, and will be completed by the end of January. Once these works are finalized the company will move forward to the second part of the grid connection route, which will be span across the warehouse area of the port. The works consist of removing the upper layer of asphalt in the dedicated grid connection route and preparing the tunnels necessary for the electric cables.

 «We are entering 2021 in full force, ready to push hard for the opening of our second grid connected project, while developing additional projects in our projects pipeline.» said Inna Braverman, CEO of Eco Wave Power.

The Eco Wave Power cable system will span approximately 170 meters of underground cables. Due to the onshore nature of the Eco Wave Power technology, the grid connection works will be straightforward and will not involve any cable laying on the seabed, which are known to be extremely expensive and complex. In addition, the cable length will be significantly shorter and more cost-efficient than cables used for offshore energy projects.This highlights the significant advantages of the EWP onshore technology, in comparison with offshore solutions.The EWP-EDF one project is executed in collaboration with EDF Renewables IL and co-funding from the Israeli Energy Ministry.
 

About EWPG Holding AB (SE0012569663)

EWPG Holding AB (publ) («Eco Wave Power») is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from sea and ocean waves.

EWP is recognized 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 program. The company is also  recognized by the United Nations in receiving the «Climate Action Award».

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

FNCA is the company’s Certified Advisor (+46 8-528 00 399, info@fnca.se).

Read more about Eco Wave Power at: www.ecowavepower.com

For more information, please contact:

Inna Braverman, CEO
inna@ecowavepower.com
+97235094017

Aharon Yehuda, CFO
Aharon@ecowavepower.com

This information was brought to you by Cision http://news.cision.com

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SOURCE EWPG Holding AB