Eco Wave Power launches first onshore wave energy project in US
Author: PPD Team Date: September 12, 2025
Author: PPD Team Date: September 12, 2025
Eco Wave Power, in collaboration with AltaSea and Shell Marine Renewable Energy, has launched the first onshore wave energy project in the United States at the Port of Los Angeles. The project is currently in the demonstration phase and is intended to pave the way for future commercial-scale operations.
The site features floaters designed to capture the motion of ocean waves and convert it into clean electricity. The initiative aims to demonstrate the technical viability of wave energy and its potential contribution to sustainable and reliable power generation.
Eco Wave Power founder and CEO Inna Braverman said that new projects are being prepared in Taiwan, India, and Portugal.
The launch comes as California strengthens its climate policy framework. Senate Bill 605, which mandates a wave energy roadmap, reflects the state’s commitment to advancing alternative energy sources. At the federal level, support is also increasing through the Marine Energy Technologies Acceleration Act, a $1 billion initiative to expand marine energy across the country.
Author: PPD Team Date: February 19, 2025 The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). Signed on February 17, 2025, the agreement grants Reliance a 10 GWh ACC manufacturing capacity, making it eligible for incentives under the Rs 181 billion scheme. With this allocation, the total awarded capacity…
Author: PPD Team Date: January 2, 2025 KP Green Engineering has received orders worth Rs 1.66 billion from multiple clients, reflecting its expanding market presence and diversified portfolio. The company has secured solar project contracts worth Rs 1 billion to supply fixed tilt module mounting structures, tracker-type mounting structures, and structural components. It has also won a Rs 391 million order for 220 kV to 400 kV transmission tower materials, substation structures for 33 kV…
Author: PPD Team Date: February 10, 2025 GE Vernova T&D India Ltd has reported a 75 per cent year-on-year increase in order inflows for the first three quarters (9M: April to December) of FY25. The new order inflow during this period reached Rs 77,871 million, up from Rs 44,563 million in FY24. The strong performance in FY25 was driven by a remarkable Q2 (July to September), which saw Rs 46,824 million worth of orders booked,…
Author: PPD Team Date: October 30, 2024 NTPC has announced the commercial operations of a 32.9 MW solar plant in Bikaner, Rajasthan. This is the third phase of the 300 MW Shambu ki Burj-2 (Kolayat) Solar PV Project, with operations commencing on October 31, 2024. With this addition, NTPC Group’s total installed and commercial capacity has reached 76,475.68 MW. The first phase of 150 MW and the second phase of 98.78 MW were already operational…
Author: PPD Team Date: November 11, 2025 Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion, compared with Rs 136.82 billion in the same quarter last year. SJVN Limited…
Author: PPD Team Date: December 19, 2024 Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.