Eco Wave Power and its project partner Rogan Associates have conducted an official site visit to the Port of
Heraklion in Greece to discuss the next steps for the planning of the 2MW wave energy project.

The Heraklion breakwater in Crete is currently being analyzed for a potential 2MW wave energy power station, to
be developed by Eco Wave Power and Rogan Associates.

During the site visit, the representatives from the companies inspected the breakwater at the Port of Heraklion,
from both the shore and the seaside, and held meetings with the managing director at Heraklion Port Authority,
Minas Papadakis, and other port representatives, to provide updates regarding the milestones achieved so far in
the planning of the project.

The next steps of the project will be to conduct further studies and analyses of the site, with Rogan Associates
focusing on the civil engineering and pricing for a 2MW installation, and Eco Wave Power working on the detailed
project design.

During a joint interview of Eco Wave Power's founder and CEO Inna Braverman and Minas Papadakis with
CRETA – the official news channel of Crete – the Heraklion Port's managing director described the prospective
installation of a 2MW power station at the port as an integral component of its sustainability initiatives, aimed at
mitigating port emissions and fostering a cleaner operational environment.

Papadakis said: “We are encouraged by the progress that Eco Wave Power and Rogan Associates have made in
their efforts to bring wave energy to the port. The successful implementation of this project would not only
contribute to the sustainable development of Crete but would also serve as a beacon of innovation for coastal
communities across Greece, showcasing the potential of renewable energy sources.”

Christos D. Solomonidis, chairman of the board of directors and partner of Rogan Associates, added: “We are
pleased with the progress and collaboration with Eco Wave Power in bringing another source of renewable
energy to Greece.

“We believe that the port will be a pioneering location for Eco Wave Power's innovative technology and we are
excited that our potential project could provide a blueprint for ports around the world to drastically reduce their
emissions and provide an untapped source of clean, renewable energy to future beneficiaries.”

In April 2023, Eco Wave Power entered into an agreement with Rogan Associates to bring its wave energy
technology design to Greece for the first time in the country's history.

Rogan Associates, considered one of Southeast Europe's leading consulting engineering firms in port and
waterfront development, has over 45 years of experience in marine-related projects, including coastal
engineering, port operation and management, maritime and harbor works, and urban analysis and planning both
regionally and internationally.

According to the collaboration agreement, Rogan Associates is reinforcing the existing breakwater and planning
the potential extension of the breakwater.

In addition to the completion of the wave energy production analysis, Eco Wave Power will custom design its
wave energy technology to retrofit the existing breakwater at the port.

This work conducted by the parties is funded as part of a grant received by Rogan Associates and Heraklion Port
Authority from the European Union Climate, Infrastructure, and Environment Executive Agency.