Feb 23, 2021 Sam Pinnington 0 comments
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 More
Feb 02, 2021 Sam Pinnington 0 comments
CorPower 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 […]

Read More
Jan 26, 2021 Sam Pinnington 0 comments
CorPower and OPS primed for ‘industry advancing’ wave energy project, following EEA Grant

CorPower Ocean and OPS Composite Solutions are primed to deliver an ‘industry advancing’ wave energy project after securing close to €500,000 from EEA Grants. The Portuguese-Swedish wave energy developer and Norwegian engineering firm will join forces for the COMPACT (COMposite Pressure cAsing for CosT- and energy-effective wave power generation) Project, combining sector leading Wave Energy […]

Read More
Nov 13, 2020 Sam Pinnington 0 comments
CorPower awarded ten-year marine license by Portuguese authorities

CorPower Ocean is set to unleash a world-leading wave energy project in the Atlantic Ocean after securing a 10-year license. The TUPEM license – awarded by the national Directorate-General for Natural Resources (DGRM) – provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the coast of Aguçadoura in […]

Read More
Aug 25, 2020 Patrik Möller 0 comments
Corpower appoints wind industry veteran to lead Portuguese operation

Leading global wave energy developer CorPower Ocean has appointed Miguel Silva as head of its Portuguese operation. The news comes shortly after CorPower revealed plans for a new 16 MEUR (USD18.1m) R&D, Manufacturing and Service Centre in Viana do Castelo, Portugal, becoming a core focus for the firm’s pioneering HiWave-5 Project with a showcase pilot […]

Read More
Jul 07, 2020 Patrik Möller 1 comment
CorPower Ocean launches pioneering wave energy project in northern Portugal

With a 16 MEUR investment plan, CorPower is establishing an R&D, Manufacturing & Service Centre for Wave Energy Converters in Viana do Castelo. The location has been chosen to support CorPower’s flagship demonstration project HiWave-5, and for the long-term development of supply and service capacity for commercial wave energy farms. Several factors have contributed to […]

Read More
WaveBoost project improves performance and reliability of wave energy

WaveBoost video: https://youtu.be/mM4qTAqqZYc The three-year Horizon 2020 funded WaveBoost project has drawn to a close with a step change improvement achieved to the reliability and performance of wave energy technology. Led by CorPower Ocean, the WaveBoost consortium designed and developed an advanced Power Take Off (PTO) system allowing wave energy converters (WECs) to operate safer […]

Read More