What is the CorPower Ocean Project?
CorPower Ocean is on a mission to power the planet with clean energy harvested from ocean waves. This project brings a new class of compact, high-efficiency Wave Energy Converters (WECs) to the forefront of renewable energy technology. Inspired by the pumping principle of the human heart, CorPower’s technology delivers more than five times the electricity per tonne of equipment compared to previous wave energy solutions. The design is lightweight, low-cost, and built to survive the harshest ocean conditions thanks to a unique transparent protection mode. Headquartered in Sweden with offices in Portugal, Scotland, and Norway, CorPower Ocean is a global leader unlocking one of the largest yet least explored renewable energy sources on Earth.
Main Benefits of CorPower Ocean’s Wave Energy Technology
Here’s a quick snapshot of what makes this project stand out:
- Five times higher energy density per tonne of equipment compared to earlier wave energy tech
- Wave energy has five times higher energy density than wind and at least ten times the power density of solar energy
- Clean electricity capable of powering 500 million homes
- Potential to create over 400,000 sustainable jobs by 2050
- Wave farms designed as modular CorPack clusters of 10-20MW capacity
- Consistent power flow thanks to waves fetched over long distances and multiple weather systems
- Zero-carbon electricity and green hydrogen production enabling a balanced, carbon-free energy system
How CorPower Ocean Makes Wave Energy Reliable and Competitive
Wave energy has faced challenges like surviving the toughest storms and delivering large amounts of electricity relative to equipment size, weight, and cost. CorPower Ocean tackles these head-on with technology informed by 40 years of hydrodynamic research. The result? A robust, efficient system that maximizes generation capacity while keeping costs and weight low. Their structured five-stage development process includes extensive land-based dry testing, scale prototypes, and third-party certification, building confidence in every piece of this innovative technology.
The Opportunity Wave Energy Presents
Wave energy isn’t just about clean power; it’s a major industrial opportunity. The modular wave farm concept allows for local supply chains to thrive, delivering a high portion of economic value through development, manufacturing, installation, and operation. Coastal regions around the world stand to benefit from long-term economic development. Plus, with many competencies transferable from the oil & gas sectors, the transition to zero-carbon energy can be just and sustainable, creating a significant number of qualified jobs.
Consistent and Carbon-Free Power 24/7
One of the biggest hurdles in the global transition to carbon-free electricity is ensuring clean power is available 24/7, every single day. Ocean waves, traveling over vast distances and influenced by multiple weather systems, provide a remarkably consistent power profile. This makes wave energy an excellent complement to wind and solar, plugging the gaps and stabilizing the clean energy mix. Less generation capacity, storage, and grid capacity are needed when wave energy is part of the system, making it a smart, sustainable choice.
Project Impact: Sustainable Development Goals (SDGs) Linked to CorPower Ocean
- SDG 7: Affordable and Clean Energy
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 13: Climate Action
- SDG 14: Life Below Water
- SDG 17: Partnerships for the Goals
Building a Sustainable Future Powered by the Oceans
CorPower Ocean believes in harnessing nature’s forces to tackle climate change and achieve a sustainable, low-carbon future. Wave energy offers a highly concentrated energy resource that can help end dependency on fossil fuels. By delivering clean, reliable electricity and enabling green hydrogen production, this technology supports a carbon-free system that balances supply and demand efficiently. The journey started in 2012, and since then, CorPower has been proving the physics, performance, and survivability of its technology—step by step. The future looks promising, with wave energy poised to play a critical role in powering the planet.
