Wave Energy Project Gains U.S. Army Corp of Engineers Permit at Port of Los Angeles
Eco Wave Power Global, a provider of onshore wave energy technology, has received the final Nationwide Permit (NWP) for its wave energy project at AltaSea's premises at the Port of Los Angeles from the U.S. Army Corps of Engineers.
The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, will allow Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One.
The system will also include an energy conversion unit with two 20-foot shipping containers to be placed on the wharf deck and connected to the floaters. Eco Wave Power plans to complete installation by the end of 2025's first quarter, while the conversion unit is already shipped and located on site.
The permit also marks the completion of two milestones under Eco Wave Power's agreement with Shell International Exploration and Production, which is expected to improve the company's revenues in Q4 2024.
Eco Wave Power and Shell will collaborate for the development of a wave energy pilot in the Port of Los Angeles. The parties will enter the execution phase of the project, as per the terms of the agreement, with the permit in place.
According to the U.S. Department of Energy's National Renewable Energy Laboratory estimates, wave energy has the potential to generate over 1,400 TW per year, enough to power approximately 130 million homes.
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