![]() ![]() "SB 605 will help us explore the potential for wave energy to expand our portfolio of clean renewable energy sources. ![]() "Wave and tidal energy present an incredible opportunity for California to meet their clean energy goals," said Senator Padilla. Once signed into law by Governor Newsom, SB 605 will become the first legislation in America focused on the study, assessment, and promotion of wave energy. Per the amended bill, the California Energy Commission will work with various state agencies, including the California Coastal Commission, the Ocean Protection Council, and other stakeholders to identify suitable locations for wave energy and tidal energy projects in both state and federal waters. The bill, introduced by Senator Steve Padilla (D-Chula Vista), now heads to Governor Gavin Newsom's desk for his consideration. Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy developer, commends the California State Senate for unanimously passing California Senate Bill 605 ("SB 605"), a legislative initiative that directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave energy and tidal energy across California's 840-mile coastline.Īrnold Schwarzenegger visiting the Eco Wave Power's wave energy pilot, at AltaSea in the Port of LA ![]()
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