CorPower Ocean is a leading wave energy technology developer utilising forty years of ocean energy research to bring a new class of high efficiency Wave Energy Converters to market, enabling robust and cost-effective harvesting of electricity from ocean waves.
We are headquartered in Stockholm, Sweden with offices in Norway, Scotland and Portugal.
CorPower enjoys broad backing across Europe, with funders including EIT InnoEnergy, the European Commission, the Swedish Energy Agency, AICEP Global (Norte2020), Wave Energy Scotland, Midroc New Technology, ALMI Invest Greentech, SEB Greentech VC and additional private investors. End-users such as Iberdrola, EDP and Simply Blue Energy have been involved through all stages of development to ensure the product meets customer demands.
CorPower’s goal is to successfully introduce certified and warrantied WEC products in the market by 2024, allowing our customers to build wave farms using conventional project financing. Such a bankable product, with technology risks sufficiently eliminated, will be achieved by completing the last two steps of our structured market introduction process that has been ongoing since 2012.