Eco Wave Power Global AB (NASDAQ: WAVE) submitted its final project completion report to Shell International Exploration and Production Inc., concluding a wave energy pilot program at the Port of Los Angeles that began under a 2024 agreement between the companies.

The pilot project involved developing, installing and testing an onshore wave energy system at AltaSea in the Port of Los Angeles. The collaboration started with a feasibility study that identified 77 sites along the U.S. coastline with conditions suitable for wave energy projects.

The pilot program included securing regulatory approvals, engineering design, manufacturing system components, installation and operational testing. The project received permits from the U.S. Army Corps of Engineers and the Port of Los Angeles. Environmental reviews under the National Environmental Policy Act and California Environmental Quality Act determined the installation would have no significant environmental impact.

The wave energy system operated under marine conditions without structural issues. The project's total capital cost remained below $1 million, according to the company. The system was designed to attach to existing coastal infrastructure without requiring seabed anchoring or offshore construction.

"This project followed a clear and disciplined development path — beginning with a comprehensive feasibility study of the U.S. coastline, advancing through engineering, installation and operational testing, and concluding with final delivery under the Pilot Test Agreement with Shell," said Inna Braverman, founder and chief executive officer of Eco Wave Power.

A U.S. Department of Energy National Laboratory report highlighted the economic advantages of coastal-structure-integrated wave energy systems, noting they may offer reduced installation complexity by using existing marine infrastructure.

The installation will continue operating as a demonstration facility. Eco Wave Power has projects planned in Portugal, Taiwan and India, representing a pipeline of 404.7 MW.