CorPower Ocean brings high-efficiency Wave Energy technology that enables reliable and cost-effective harvesting of electricity from ocean waves. The company’s research and development spanning decades, the innovations are inspired by the pumping principle of the human heart. Ocean energy brings stability to the clean energy mix, accelerating the transition to zero-carbon energy.
Headquartered in Sweden, with offices in Portugal, Norway and Scotland, CorPower design, build and install turnkey solutions that allow our customers to power the planet with clean energy from ocean waves.
NordicNinja leads the investment following the breakthrough results from CorPower Ocean’s commercial scale device surviving the biggest Atlantic storms while efficiently generating power in regular ocean conditions.
We’re hugely grateful for the support and confidence from our investors who bring crucial experience and capacity to support our mission to power the planet with clean electricity from ocean waves. This financing combined with the technology breakthrough recently reported delivers a firm message about wave energy’s readiness for widescale adoption and its key role in the global energy transition.
The CorPower Ocean team combines decades of wave-power experience and world-class company building ability to unlock untouched ocean resources in Europe, the US and Japan. We are excited to support CorPower Ocean as a lead investor, and this funding round is a strong testament to the team’s achievement and the momentum from the market.”