CorPower has created a Wave Energy Converter (WEC) that unlocks the world’s largest untapped renewable energy source – ocean waves.
CorPower Ocean’s wave energy converters harness clean energy from the world’s largest untapped energy source – our oceans. The wave motion is turned into rotation, which is converted into electricity by generators inside the buoy.
Commercially available wave energy constitutes ~500GW, which covers about 10 percent of global electricity consumption. Wave energy can be a balancing source that enables a high penetration of wind and solar at the lowest electricity system cost possible.
CorPower Wave Energy Converter (WEC) can produce five times more electricity per tonne of the device (>10MWh / tonne) than any other known wave technology. It combines storm survivability with strongly amplified power capture in regular sea conditions. Obtaining large amounts of electricity from a small device significantly reduces capital expenses (CAPEX). The compact lightweight devices are also less costly to transport, install and service, bringing down operating expenses (OPEX).