CorPower Ocean brings reliable and competitive wave energy technology to the world, unlocking one of the largest untapped sources of renewable energy - harnessing the natural power of the oceans to help us tackle climate change and achieve a sustainable low-carbon future.
Enabling 100% renewables
Adding wave energy to the energy mix is an attractive way to balance our future electricity systems, making it a key component to enable the transition to 100% renewables. A consistent, highly predictable and complementary power production profile offers an efficient solution to fill out the gaps where solar and wind do not produce enough when there is still a demand for power. Natural grid balancing by wave energy is a competitive solution to reduce the amount of battery and hydrogen storage needed to balance our electricity systems in a deeply decarbonized future.
Enabling 100% renewables
Adding wave energy to the energy mix is an attractive way to balance our future electricity systems, making it a key component to enable the transition to 100% renewables. A consistent, highly predictable and complementary power production profile offers an efficient solution to fill out the gaps where solar and wind do not produce enough when there is still a demand for power. Natural grid balancing by wave energy is a competitive solution to reduce the amount of battery and hydrogen storage needed to balance our electricity systems in a deeply decarbonized future.
Our Wave Energy Converters (WECs) offer survivability in the toughest storm conditions combined with efficient harvesting of electricity in normal wave conditions. The technology has shown breakthrough results through a structured five-stage product verification program since 2012, bringing a step-change improvement to the structural efficiency and competitiveness of wave energy. Advanced control technology offers large amounts of energy to be harvested using small low-cost devices, significantly reducing the equipment (CAPEX) cost per MW. The compact lightweight WECs are also easy to install and maintain using low-cost vessels, bringing down operational (OPEX) costs.
CorPower offers wave energy technology and wave farm design services that enable our customers to produce clean electricity from our oceans.
Technology
Our new type of high efficiency wave technology provides step-change improvements on storm survivability and power production – find out more how this is made possible.
Projects
CorPower is working together with several project developers, utilities and energy companies to support their evaluation and development of commercial wave energy projects. Please contact us to discuss how we can support your project development plans.
Work at CorPower
CorPower Ocean is looking for ambitious people with a passion for ocean energy offering key roles in a growing team. If you have the right profile and want to be part of a revolution in renewable energy, please send us your CV and cover letter.
Latest News
CorPower extends equity funding to 20.3 MEUR for commercial scale demonstration
After securing a private placement of 9 MEUR, CorPower has extended its equity funding to 20.3 MEUR, enabling the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB Greentech VC, family offices and private investors. Pareto Securities acted as Sole Manager and Bookrunner in […]
Read MoreCorPower makes front page of IEA OES Report
CorPower is honoured to make the front page of IEA Ocean Energy Systems’ latest international report on metrics to evaluate and guide investment in ocean energy technologies. A must read for anyone getting serious in the field! We are firm believers in the structured five-stage approach to bring bankable ocean energy technology to market.
Read MoreCorPower secures 7.3 MEUR investment into Portuguese wave project
Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy and private investors to support CorPower’s flagship HiWave-5 demonstration project in northern Portugal. The investment supported by the European Union is provided through the NORTE 2020 Program operated by aicep Portugal Global (Portuguese Trade & Investment Agency) and CCDR-N (Norte Portugal Regional Coordination and Development […]
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