During a press conference held at AltaSea at the Port of Los Angeles on the 12th of January, 2023, Eco Wave Power Global AB (publ) unveiled its disruptive wave energy technology for the first time in the United States. The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States. The press conference also featured the grand opening and ribbon-cutting of an office and commercial loan hub of Beneficial State Bank, which is supportive of blue economy related technologies.