Eco Wave Power
Financials
Estimates*
| SEK | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | - | - | <1m | <1m | 2.5m |
| % growth | - | - | - | (16 %) | 1077 % |
| EBITDA | (1.3m) | (2.0m) | (23.4m) | (28.2m) | (15.3m) |
| % EBITDA margin | - | - | (9129 %) | (13104 %) | (604 %) |
| Profit | (1.9m) | (2.2m) | (19.4m) | (24.0m) | (14.1m) |
| % profit margin | - | - | (7571 %) | (11158 %) | (559 %) |
| EV / revenue | - | - | 378.3x | 527.2x | 13.7x |
| EV / EBITDA | - | - | -4.1x | -4.0x | -2.3x |
| R&D budget | - | <1m | 5.5m | 7.4m | 4.3m |
| R&D % of revenue | - | - | 2161 % | 3454 % | 170 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$2.0m | Seed | ||
N/A | Grant | ||
| N/A | $3.0m | Series B | |
€50.0k | Grant | ||
| N/A | N/A | IPO | |
N/A | Support Program | ||
| N/A | N/A | - | |
| N/A | $9.2m | Post IPO Equity | |
* | N/A | Grant | |
* | £1.5m | Grant | |
N/A | - | ||
| Total Funding | €6.4m | ||
Recent News about Eco Wave Power
EditEco Wave Power is a pioneering company in the renewable energy sector, specifically focusing on wave energy. The company has developed an innovative technology that converts ocean and sea waves into clean electricity. This technology is unique because it is the only grid-connected wave energy array, meaning it can directly supply power to the electrical grid.
Eco Wave Power primarily serves utility companies, governments, and large corporations looking to diversify their energy sources and reduce their carbon footprint. The company operates in the global renewable energy market, with projects in various countries, including Portugal and Vietnam.
The business model of Eco Wave Power revolves around the development, construction, and operation of wave energy power plants. They generate revenue by selling the electricity produced by these plants to the grid or directly to large energy consumers. Additionally, they may enter into strategic collaborations and partnerships, such as their recent collaboration with Painhas Engineering and Construction Company for a 20MW project in Portugal.
Eco Wave Power also makes money through licensing its technology and providing maintenance and verification software for wave energy plants. This software ensures the efficient operation and upkeep of the energy systems, thereby enhancing performance and reducing costs.
The company has received significant recognition for its innovative approach and contributions to sustainable development. Inna Braverman, the founder and CEO, has been named one of Fast Company's Most Creative People in Business for 2020. The company has also been a finalist in the United Nations SDG Challenge and has been profiled by the Sustainable Markets Initiative led by HRH The Prince of Wales and the World Economic Forum.
In summary, Eco Wave Power is at the forefront of wave energy technology, providing sustainable and cost-effective energy solutions to a global market.
Keywords: Wave Energy, Renewable Energy, Grid-Connected, Utility Companies, Sustainable Development, Innovation, Strategic Partnerships, Clean Electricity, Technology Licensing, Global Market.