EIT InnoEnergy home page Discover innovative solutions Sustainable products and services CorPower C4

Relevant markets:

Ocean power

Clean energy from our oceans

Lightweight system with high natural frequency of oscillation.

The need

Commercially available wave energy resources constitute ~500GW, which covers just 10% of global electricity consumption. Wave energy is a balancing source that enables a high penetration of wind and solar at the lowest electricity system cost. 

The solution

The CorPower Wave Energy Converter (WEC) can produce five times more electricity per tonne (>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 expense (capex). The compact lightweight devices are also less costly to transport, install and service, bringing down operating expense (opex).

The value proposition

• The world’s most effective wave energy converter proven at sea.
• Physics supporting highly-competitive levelised cost of electricity (LCOE), verified through step-by-step approach.
• Key enabler for the transition to 100% renewables – by natural grid balancing.
• A dedicated and experienced team.
• Market pull - sector leading customers engaging with the aim of developing utility and off-grid projects.
• Offering attractive funding mix with high leverage on private equity invested.

Breakthrough results in wave energy


C3 delivery Orkney.jpg
CorPower bouy 0.5scale.jpg
AST17198 3 Illustrative Picture Corpower C3 Green Isle 2 Credit Colin Keldie
AST17198 4 Illustrative Picture Corpower C3 1 Credit Colin Keldie

Commercialised by

CorPower Ocean Västberga Allé 60 — 126 30 Hägersten http://www.corpowerocean.com/
X