CorPower is working together with several project developers, utilities and energy companies to support their planning and development of commercial wave energy projects.
Several of these projects are looking at combined wave and wind arrays to take advantage of the natural time shift between the two energy sources. Such combined arrays may reduce output variability and increase revenues by enabling the supply of electricity at times with high market demand and low supply from wind turbines, a business case with increasing importance in markets with high penetration of wind and solar energy.
CorPower’s goal is to successfully introduce certified and warrantied WEC products in the market by 2023-2024, allowing our customers to build wave farms using conventional project financing. Such bankable product with technology risks sufficiently eliminated will be reached by completing the remaining two steps of our structured market introduction process between 2019 and 2023.
Please contact us to discuss how we can support your project development plans!