May 05, 2021 Sam Pinnington 0 comments
Ground-breaking €3.7m marine energy mooring, anchoring and quick-connect system project set for Atlantic trials 

  A new, ground-breaking mooring, anchoring and quick connect solution optimized for marine energy systems is set for Atlantic sea trials, following a range of laboratory and on-land test campaigns currently underway. The €3.7m UMACK (Universal Mooring, Anchor & Connectivity Kit) Project has developed a unique mooring and anchoring solution aimed at superseding widely used […]

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Apr 13, 2021 Sam Pinnington 0 comments
CorPower agrees landmark deal with world’s largest heat treatment specialist Bodycote

CorPower has agreed a landmark deal with the world’s largest heat treatment specialist Bodycote. The thermal processing specialist – present in 23 countries – improves the properties of metals and alloys, extending the life of vital components for a wide range of industries. The gateway deal opens Bodycote to the ocean energy sector using its Corr-I-Dur® […]

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Apr 09, 2021 Sam Pinnington 0 comments
CorPower CEO elected Co-President of Ocean Energy Europe

Ocean Energy Europe (OEE) has appointed CorPower Ocean CEO Patrik Möller and Simon De Pietro from DP Energy as its new Co-Presidents. This pairing brings together both technology and project development perspectives, and a wealth of experience in ocean energy. The appointments come at a crucial time for the ocean energy sector, as the push to scale up and industrialise intensifies, and the […]

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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 […]

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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 […]

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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 […]

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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 […]

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