Energy storage and new energy companies in Porto Portugal

Why should Portugal invest in wave power?

By harnessing wave power, Portugal is tapping into one of its abundant natural resources—the ocean—while positioning itself at the forefront of global renewable energy innovation. This project is expected to contribute significantly to the country’s energy mix, enhancing sustainability and energy independence.

What will Eco Wave Power do for Portugal?

Once these upgrades are completed, the focus will shift to the production and deployment of Eco Wave Power’s innovative wave energy technology. Portugal’s ambitious renewable energy goals, which target 85% renewable electricity generation by 2030, provide a strong backdrop for this project.

What is Eco Wave Power's Porto project?

The Porto project, Eco Wave Power’s first MW-scale wave energy venture in Portugal, expected to be finalised during 2026, aims to harness ocean wave energy to generate sustainable electricity.

How does Portugal's high share of intermittent renewables affect grid stability?

Portugal’s high share of intermittent renewables poses challenges for grid stability. Balancing supply and demand, especially during peak generation periods, requires advanced grid management and energy storage solutions. The event will provide companies and industry leaders with the following opportunities:

What is a wave energy museum in Portugal?

Beyond its technical function, the facility will serve as an educational and cultural space, including an underwater wave energy museum and an interactive education center. This dual-purpose approach underscores Portugal’s efforts to raise awareness about renewable energy while driving technological advancement.

Will Portugal's 1MW wave energy project be completed by 2026?

This initiative, the company’s first 1MW wave energy project in the country, is set to be completed by 2026 and reflects Portugal’s commitment to innovative and sustainable energy solutions.