Eco Wave Power and Bharat Petroleum collaborate to harness India’s vast wave energy resources, marking a significant milestone in the country’s renewable energy strategy.
Eco Wave Power and Bharat Petroleum Collaborate to Harness India’s 40,000 MW Wave Energy Potential
The collaboration between Eco Wave Power and Bharat Petroleum (BPCL) marks a significant milestone in the development of wave energy as a key component of India’s renewable energy strategy. This Memorandum of Understanding (MoU) was signed during India Energy Week 2025 on February 13, 2025.
Eco Wave Power is a technology that converts ocean waves into electricity.
This innovative system uses floating buoys to capture wave energy, which is then transferred to a power plant onshore.
The technology has been implemented in several countries, including Spain and South Africa.
According to the company's claims, Eco Wave Power can generate up to 1 MW of electricity per unit.
The system aims to provide a sustainable solution for coastal communities and reduce reliance on fossil fuels.
A Pivotal Step Towards Sustainable Energy
The agreement between Eco Wave Power and BPCL aligns with the Indian government‘s recognition of ocean energy as a promising renewable resource. With an estimated 40,000 MW of untapped potential along the country’s coastline, this collaboration aims to tap into India’s vast wave energy resources.
Wave energy is a renewable and sustainable source of power that harnesses the kinetic energy of ocean waves.
Ocean waves are formed by wind friction on the surface of the ocean, creating a consistent and predictable pattern.
According to the International Energy Agency (IEA), wave energy has the potential to generate over 2,000 gigawatts of electricity worldwide, enough to power millions of homes.
Wave energy converters can be installed in coastal areas, reducing the need for fossil fuels and mitigating climate change.
BPCL’s Commitment to Clean Energy
As part of its commitment to achieving Net Zero emissions by 2040, BPCL is expanding its renewable energy initiatives. Under the MoU, Eco Wave Power and BPCL will jointly develop wave energy projects across India, beginning with a feasibility study. The first phase will include the deployment of a 100 kW pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country.
A Strategic Partnership
BPCL has identified Eco Wave Power as a strategic partner following an extensive evaluation of wave energy technologies. This partnership provides Eco Wave Power with a direct entry point into one of the world’s fastest-growing renewable energy markets, leveraging BPCL’s vast infrastructure and financial strength.
Inna Braverman’s Comments on the Partnership
In partnering with Bharat Petroleum, we are taking a major step towards positioning wave energy as a mainstream power source in India’s clean energy transition, said Inna Braverman, Founder and CEO of Eco Wave Power. With over 250 million people living along India’s 7,516 km coastline, the potential for wave energy is enormous.
Showcasing Wave Energy Technology
In parallel with the signing ceremony, Eco Wave Power’s wave energy generation model was showcased at the Net Zero pavilion during India Energy Week 2025 in New Delhi. This provided industry leaders and policymakers with firsthand insight into its technology.
A Bright Future for Wave Energy in India
The collaboration between Eco Wave Power and BPCL presents a significant commercial opportunity for Eco Wave Power’s scalable and cost-effective technology. As India continues to increase its renewable energy capacity, this partnership is poised to play a major role in the country’s clean energy transition.
Renewable energy sources include solar, wind, hydro, and geothermal power.
These energies are sustainable and reduce dependence on fossil fuels.
According to the International Energy Agency (IEA) , renewable energy accounted for 26% of global electricity generation in 2020.
Solar energy is the fastest-growing source, with a 21% increase in capacity from 2019 to 2020.
Investing in renewable energy can create jobs and stimulate local economies.
