Eco Wave Power has developed a proprietary technology for extracting energy from waves and converting it into electricity. Technology allows for the delivery of sustainable and affordable wave-energy solutions that are responsive to the needs of local communities, cities, and countries. The company's system is designed to produce electricity at a lower cost than traditional or renewable energy-generation methods. Eco Wave Power invented and developed the EWP wave-energy device. The company also designs, manufactures, and operates EWP wave-energy converters. Eco Wave Power was recognized with the Europe New Product Innovation Award by Frost & Sullivan in 2012 and won the United Nations Global Climate Action Award in 2019.