WERPO, an Israeli wave energy player, has designed a wave energy system that harnesses the energy of the waves to produce electricity while being only 10% submerged in the water. WERPO’s technology, initially developed under SDE Ltd, is based on the utilization of sea waves to yield hydraulic pressu
WERPO, an Israeli wave energy developer, has entered into an agreement with Help Mankind for a twofold joint venture. According to WERPO, the first venture comprises the implementation of a manufacturing plant for the production of the equipment used by WERPO in its patented wave energy generation t
Blackbird International Corporation (BBRD), a sole shareholder of the Israeli wave energy player WERPO, has announced that it will pay a dividend to the shareholders on December 31, 2015. Schmuel Ovadia, WERPO’s Director and Inventor of its technology, said: “We believe the common shares of BBRD are
Eco Wave Power, an Israeli wave energy developer, has closed the first round of fundraising led by Pirveli Venture, where the company gathered investment in the amount of $2 million. The fundraising follows the completion of the second generation wave power plant in Jaffa Port, Israel, in July this
WERPO, an Israeli wave energy developer, has announced plans to construct a wave energy plant off South Africa. The implementation of 500 MW wave power plant will be conducted with WERPO’s South African partner Wadamba Technovations Pty, through their joint venture. South Africa’s nearly 3.000 km of
According to the International Energy Agency (IEA), energy demand will rise by almost 40 percent in 2040. But at the same time the energy industry faces challenges with a changing climate which requires a drastic reduction of greenhouse gas emissions. So, it’s no surprise that renewable energy will
WERPO, an Israeli wave energy developer, has announced plans for the construction of a 10 MW wave power plant in Sri Lanka. WERPO has received approval for this renewable energy project from the Ceylon Electricity Board (CEB), the largest provider of electricity in Sri Lanka, WERPO’s press release r
Eco Wave Power (EWP) has completed the installation of its second generation wave power plant in Israel, and started parts procurement process for its new project in Gibraltar. EWP has been conducting wave pool testing as well as real conditions testing in order to prove the durability of its wave e
Eco Wave Power, an Israeli wave energy company, has developed wave energy technology that harnesses the energy of the waves at onshore and near shore site locations. Eco Wave Power has developed its proprietary wave energy converters which use Wave Clapper and Power Wing buoys that rise and fall wit
WERPO is looking to build ‘a very large infrastructure for ocean power generators’ together with an unnamed electrical supplier in China. According to WERPO, the company is currently in discussions with ‘one of the most important electric companies’ in China, through Beijing Capital Group (BCG) – WE
Alastair Marsh has been appointed as CEO of Lloyd’s Register (LR), following the resignation of Richard Sadler from that position. Lloyd’s Register’s Richard Sadler has taken the decision to step down as CEO at the end of 2015, after eight years in the role. The Lloyd’s Register Group Board of Direc
WERPO has signed an agreement with the Government of Guinea-Bissau, West Africa, for the development of a 500 MW wave power plant off the county’s coastline. The USD 500 mln agreement has been signed for creating a joint venture between the Government of of Guinea-Bissau and WERPO. The Guinea-Bissau
BIRD Energy has issued a new call for proposals for collaborative US – Israel renewable energy and energy efficiency projects. To be considered, a project proposal must include R&D cooperation between two companies or cooperation between a company and a university/research institution (one from the
WERPO will initiate a planned share buyback program of up to 7 mln shares of its common stocks from the open market. The share repurchases will be made from time to time over the next 6 months at the Company’s discretion. The repurchase program may be suspended or discontinued at any time, WERPO’s p
