Israel-based ocean energy developer Eco Wave Power is in discussions to jointly install a pilot project in India with oil refining and marketing company Bharat Petroleum Corporation (BPCL), a senior executive told Infralogic.

Eco Wave Power expects to be able to soon begin feasibility studies at one of BPCL’s sites off the Mumbai coast where it operates an oil terminal, founder and CEO Inna Braverman said.

“A timeline for the feasibility isn’t clear yet as it depends on when we sign a memorandum of understanding or a collaboration agreement,” she said.

Eco Wave Power has been in discussions also with Indian diversified business Adani Group, which is planning a pilot ocean energy project at its Vizhinjam Port in Kerala state.

Braverman, who visited Asia earlier this month, signed an agreement to sell a wave energy generation unit to I-Ke International Ocean Energy, a subsidiary of Taiwan-based Lian Tat Company, with the aim of bringing ocean wave energy technology to the island.

The two companies had signed a memorandum of understanding in 2023, agreeing to a joint venture to develop wave energy.

The first stage of the project will involve building a 20 MW wave energy power station in Taiwan, starting with a 100 kW pilot. It will be expanded in stages to a total installed commercial capacity of 400 MW.

Braverman also visited naval bases in Singapore where the Republic of Singapore Navy is planning a pilot project.

“We have sent them a proposal and are waiting for their reply,” said Braverman.

“Navies worldwide can be a niche market for us since our technology is portable, which makes it ideal for naval forces requiring quick power sources while on the move,” she said.

In Asia, Braverman sees the most potential in India, with its 7,500km coastline and the government’s thrust there on developing renewable energy.

So far, Gujarat and Maharashtra states have issued tenders for wave energy projects. The Maharashtra Energy Development Agency estimates the potential for wave energy along the state’s 720km coastline to be around 500 MW.

In Taiwan, the government aims to generate up to 7 GW from ocean energy by 2050, starting with the 100 kW pilot with Lian Tat.