Assuming it is the same as the Kobo Touch, then it appears not. My D-Link router at home has an option to "reserve" an IP address for a given MAC address, which would have the same effect as a static IP. Perhaps your router has a similar option?
On my router, I log in with username "Admin", and click on the "Network Settings". Scrolling down there is a list of "DHCP Reservations List", and a "Add/Edit DHCP Reservation" section. Hopefully yours too has the same capability.
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