Business Creation
EU flag

CorPower Ocean

Wave power. To power the planet.

CorPower Ocean logo

Västberga Allé 60
126 30 Hägersten
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 Ocean unveils commercial scale products to unleash utility scale wave farms
This comes as the wave energy developer prepares to deliver its flagship HiWave-5 Project in northern Portugal, with ocean deployment planned later this year. The new CorPower C4 d… Read More
CorPower Ocean unveils commercial scale products to unleash utility scale wave farms
CorPower to begin ‘Ironman Tests’ ahead of ocean deployment
CorPower Ocean’s first commercial scale Wave Energy Converter (WEC) is set to undergo an intensive ‘Ironman Test’ proving performance and survivability ahead of ocean deployment. T… Read More
CorPower to begin ‘Ironman Tests’ ahead of ocean deployment
CorPower completes world’s largest wave energy test-rig
The 45-tonne moving mass system, installed at CorPower’s headquarter in Stockholm, Sweden, is capable of simulating ocean wave conditions anywhere in the world. The design, build a… Read More
CorPower completes world’s largest wave energy test-rig
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