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CorPower Ocean

The future of renewable energy.

CorPower Ocean logo

Brinellvägen 23
114 28 Stockholm
Sweden

Country:

Sweden

Thematic field:

Renewable Energies

Market segment:

Ocean

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.

Related News

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, for the commercial scale demonstration of its wave energy technology. The inves… Read More
CorPower extends equity funding to 20.3 MEUR for commercial scale demonstration