Eco Wave Power Global AB (publ) announced that the energy conversion unit, formerly deployed in Gibraltar, has officially arrived at its new home, AltaSea at the Port of Los Angeles, United States, where it will be installed as a pilot station in the coming months. This is the first U.S. location for Eco Wave Power's technology, which is already deployed in Israel with plans for further deployments in Spain, Portugal, Turkey and other locations, as part of the Company's current 404.7 MW project pipeline. Eco Wave Power entered a collaboration agreement with AltaSea in early 2022 and announced plans to relocate the energy conversion unit from Gibraltar to AltaSea's 35-acre campus located at the Port of Los Angeles, the nation's busiest seaport.

With the energy conversion unit's arrival, Eco Wave Power has reached a key milestone in its commitment to bringing the Company's innovative wave energy technology to the United States, offering a new source of renewable energy for the nation. AltaSea at the Port of Los Angeles is a sprawling 35-acre nonprofit center devoted to accelerating scientific collaboration and advancing the emerging blue economy through innovation and job creation. AltaSea is the nation's largest blue economy research and development center, focused on creating well-paying jobs, finding solutions to climate change, and working to solve some of the most pressing issues in the ocean environment.

AltaSea currently is home to many tenants, including premier U.S. colleges such as the University of Southern California and UCLA, and innovative tech startups, like Blue Robotics Inc. and RCAM Technologies Inc.