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Eco Wave Power Signs LoI with Wavefront Asset Management for Equipment Financing
•February 16, 2026
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Why It Matters
By removing financing barriers, the deal accelerates commercial adoption of wave power, a nascent but high‑potential renewable source. It also signals growing investor confidence in marine energy as a scalable asset class.
Key Takeaways
- •Eco Wave Power signs LOI with Wavefront Asset Management
- •Financing may cover up to 100% of equipment costs
- •Deal aims to move wave tech to commercial scale
- •Lease terms are medium‑term, flexible for customers
- •LOI non‑binding; definitive agreements required for financing
Pulse Analysis
Wave energy has long been touted as a reliable, predictable complement to wind and solar, yet high upfront capital costs have stalled large‑scale rollouts. Traditional project finance models often struggle with the unique risk profile of marine installations, including harsh operating environments and limited track records. As governments and utilities chase deeper decarbonisation, innovative financing structures become essential to unlock the sector’s growth potential and attract mainstream capital.
The Eco Wave Power‑Wavefront partnership addresses this gap by offering equipment‑as‑a‑service solutions that can fund the full cost of turbines, moorings, and even staged installation expenses. By leasing hardware rather than selling it outright, customers gain access to flexible payment schedules and can preserve balance‑sheet capacity for other project components. Wavefront’s asset‑management expertise also adds a layer of credit underwriting and lease administration, reducing transaction friction and accelerating time‑to‑revenue for developers.
If successful, this model could reshape financing norms across the broader marine renewable market, encouraging other investors to develop similar lease‑back or equipment‑financing platforms. Scaling wave power would diversify the renewable mix, improve grid stability with its inherent predictability, and open new revenue streams for coastal economies. The collaboration thus serves as a bellwether for how structured finance can bridge the gap between innovative clean‑tech pilots and fully commercialised, grid‑ready assets.
Deal Summary
Eco Wave Power has signed a non‑binding letter of intent with Wavefront Asset Management to provide structured equipment financing and leasing for its wave energy projects worldwide. The 36‑month LoI allows Wavefront to fund and lease Eco Wave Power’s equipment to customers, covering up to 100% of equipment costs.
Article
Source: Offshore Energy
Eco Wave Power enters deal for potential financing of global wave energy projects
February 16, 2026 – by Nadja Skopljak
Eco Wave Power has signed a letter of intent (LoI) with Wavefront Asset Management (WAM) under which the UK‑based asset management firm is expected to provide structured equipment financing and leasing solutions to support the deployment of Eco Wave Power’s wave energy generation equipment across its global project portfolio.
Illustration; Source: Eco Wave Power
Eco Wave Power may, at its sole discretion, introduce customers interested in financing wave energy equipment to Wavefront, which is expected to act as a funder and lessor, acquiring Eco Wave Power equipment and leasing it directly to customers under medium‑term finance lease arrangements, subject to customary due diligence and credit approvals.
The purpose of the deal is to facilitate customer access to flexible financing solutions for wave energy installations, supporting Eco Wave Power’s transition from pilot and demonstration projects to commercial‑scale deployments.
The LoI has an initial term of 36 months. Except for certain customary provisions, it is non‑binding, and any financing transactions will be subject to definitive agreements between Wavefront and the relevant customers.
“Access to tailored financing solutions is critical for accelerating the deployment of renewable energy infrastructure,” said Inna Braverman, CEO and Founder of Eco Wave Power. “This LOI supports our strategy of reducing financing barriers for customers while advancing the commercialization of wave energy. As our global project pipeline continues to grow, we believe collaborations such as this can play an important role in enabling the transition from demonstration projects to commercial‑scale installations.”
Wavefront’s contemplated financing solutions may cover up to 100 % of equipment costs and may also include installation costs and staged payments, depending on customer profile and transaction structure, Eco Wave Power said. In addition, the firm will provide leasing quotations and application documentation, participate in customer discussions upon request, conduct credit evaluations, issue lease documentation, and administer lease agreements throughout their lifecycle.
“We are pleased to enter into this Letter of Intent with Eco Wave Power,” said Kevin Swannack, Director for Wavefront Asset Management. “Eco Wave Power’s technology represents an innovative and practical approach to marine renewable energy and aligns well with our focus on financing environmental and sustainable maritime assets. Through this collaboration, we aim to provide flexible and efficient financing solutions that can support customers deploying wave energy equipment across a range of project sizes and geographies.”
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