Pioneering wave and floating wind energy project Western Star is arriving off Ireland’s West Coast, providing a portent for future marine renewables. CorPower is joining EIT Innoenergy to support project developer Simply Blue Energy, marking another significant step forward for the combined array concept which takes full advantage of wave and wind’s complementary power profiles. The consistency of […]
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 […]
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.
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 […]
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 […]