Eco Wave Power Q3 2026 net loss narrows 47% to $529,000
WAVE•Eco Wave Power's Q3 2026 net loss narrowed 47% year over year to $529,000, and operating expenses fell 25% to $666,000. Bharat Petroleum issued its first purchase order for a site assessment for a planned Mumbai wave energy pilot.
1. Quarterly results
Eco Wave Power reported a Q3 2026 net loss of $529,000, down 47% year over year, as operating expenses declined 25% to $666,000. Its net financial result swung to income of $137,000, primarily due to lower foreign-exchange losses.
2. Project updates
Bharat Petroleum issued its first purchase order for a site assessment supporting a planned wave energy pilot in Mumbai. The first phase of the company's AI-powered Digital Twin collaboration with AI engineering was completed on November 2, 2026. Construction of the planned 1 MW Portugal installation is targeted for 2027, subject to rehabilitation work, safe site access and approvals.
