Business Creation

CorPower Ocean

The future of renewable energy.

CorPower Ocean logo

Brinellvägen 23
114 28 Stockholm
Sweden

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The start-up

CorPower has created a Wave Energy Converter (WEC) that unlocks the world’s largest untapped renewable energy source – ocean waves.

The need

Harvesting nature’s vast resource of energy contained in ocean waves could sustainably and effectively produce 2000-4000 TWh of electricity per year – covering 10-20% of worldwide electricity consumption. Combining wind and wave energy offers a reliable and competitive alternative to wind and batteries.

The solution

CorPower’s Wave Energy Converter (WEC) operates in resonance with incoming waves. It has a heaving buoy on the surface absorbing energy from the combined surge and heave motion of the waves. It is connected to the seabed using a taut mooring line and has a pneumatic pre-tension module between the mooring line and the buoy to enable a lightweight system with good storm survivability.

The value proposition

Wave Springs

  • Competitive: low capital and operations costs, high average output.
  • Efficiency and high power density: 5x energy output per ton of device compared to previous known solutions
  • Grid balancing: using the ocean as the most cost effective solar battery on the planet.
  • Survivability: naturally transparent to storm waves.