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On Thursday, Eco Wave Power<\/strong> Global<\/strong> AB<\/strong> (NASDAQ:WAVE<\/a>), an onshore wave energy company, announced it has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited<\/strong> (BPCL) at India Energy Week 2025.<\/p>\n Announced on February 11, this partnership aims to integrate wave energy into India\u2019s renewable energy strategy.<\/p>\n BPCL, a state-owned energy giant, selected Eco Wave Power as a strategic partner after thoroughly evaluating wave energy technologies.<\/p>\n Also Read:<\/strong> Eco Wave Power, EDF Renewables IL And Tel Aviv Partner To Launch Israel\u2019s First Wave Energy Power Plant At Jaffa Port<\/a><\/em><\/strong><\/p>\n This collaboration aligns with India\u2019s renewable energy goals, tapping into the country\u2019s vast ocean energy potential, estimated at 40,000 MW.<\/p>\n As part of BPCL\u2019s commitment to achieving Net Zero emissions by 2040, the partnership will begin with a 100 kW pilot project at Mumbai Oil Terminals, with plans for larger wave energy projects across India.<\/p>\n BPCL will oversee regulatory approvals and land use consents, while Eco Wave Power will provide its patented wave energy technology, conduct research, and optimize energy efficiency.<\/p>\n This collaboration offers Eco Wave Power direct entry into India\u2019s rapidly growing renewable energy market, leveraging BPCL\u2019s infrastructure and financial strength to scale commercial wave energy deployment.<\/p>\n \u201cPartnering with BPCL, one of India\u2019s largest energy companies, is a transformative moment for Eco Wave Power. With over 250 million people living along India\u2019s 7,516 km coastline, the potential for wave energy is enormous. This MoU represents a major step toward positioning wave energy as a mainstream power source in India\u2019s clean energy transition,\u201d commented Inna Braverman, Founder and CEO of Eco Wave Power.<\/p>\n Price Action:<\/strong> On Wednesday, WAVE shares closed 3.96% higher at $8.93.<\/p>\n Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights<\/strong><\/a> that can set you ahead in today’s competitive market.<\/p>\n Get the latest stock analysis from Benzinga?<\/p>\n This article EXCLUSIVE: Eco Wave Power Signs MoU With India’s Bharat Petroleum To Develop Wave Energy<\/a> originally appeared on Benzinga.com<\/a><\/p>\n \u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n<\/p><\/div>\n