California Senate Approves Wave and Tidal Renewable Energy Bill
SACRAMENTO, Calif., June 20, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company") commends the California State Senate for unanimously passing California Senate Bill 605 - Wave and Tidal Energy ("SB 605").
- SACRAMENTO, Calif., June 20, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company") commends the California State Senate for unanimously passing California Senate Bill 605 - Wave and Tidal Energy ("SB 605").
- The legislative initiative directs the California Energy Commission to work with the relevant California state agencies to study the feasibility and potential for wave and tidal energy development in California and sets deadlines to report its findings to the California Legislature and Governor.
- "I'm extremely pleased that California is moving fast to implement this historic legislation that will bring wave energy to California," said Inna Braverman, Founder and CEO of Eco Wave Power.
- The National Renewable Energy Laboratory (NREL) found that wave and tidal energy has the technical feasibility to supply 30 percent of the United States' energy needs.