CorPower Ocean
CorPower Ocean AB
Hägersten, Sweden
About
Founded in 2012, CorPower Ocean is a limited company headquartered in Hägersten, Sweden with approximately 51-200 employees specializing in Wave.
CorPower Ocean is a Stockholm-based developer of wave energy technology. Founded in 2012, it designs point-absorber wave energy converters using phase control and a modular CorPack cluster approach for utility-scale wave farms. The company offers project development, engineering, manufacturing, deployment, and operations and maintenance services, and has operational activity in Portugal, Norway, and Scotland.
Headquarters
Founded
Employees
Company type
Focus areas
Products & services
Business models
Value chain
Locations
Headquarters
Västberga Allé 60, 126 30, Hägersten, Sweden
Operating locations (3)
- Avenida do Cabedelo, Viana do Castelo, Portugal
- Øvre Slottsgate 3, Oslo, Norway
- Ocean Limited 8, Albert Street, Kirkwall, Orkney, United Kingdom
Projects
2C4 commercial-scale wave energy converter
First commercial-scale C4 wave energy converter, installed and grid-connected in the Atlantic off northern Portugal in 2023.
EMEC 5MW standalone wave farm
Planned standalone wave farm at the European Marine Energy Centre in Orkney, Scotland.
Credentials & affiliations
Certifications
ISO 9001
Awards
Global Cleantech 100
Partnerships
EDP, ESB, TotalEnergies, SSAB, Maersk Supply Services, Dieseko Group, Switch2, OPS Solutions, NTNU, AltaSea, Equipmake, Simply Blue Group, University of Dundee, EMEC
Frequently asked questions
published by the companyHow does wave energy fundamentally change the renewable energy equation?
Wave energy provides what other renewables can’t: consistency and predictability. Unlike wind and solar which require massive overbuilding and expensive storage, wave energy keeps producing when the sun sets and wind calms. Data shows wave energy can reduce overall system costs by up to 30% in balanced renewable portfolios while maintaining constant power output – as demonstrated in our Spanish data centre case study were adding just 54MW of wave capacity eliminated the need for 301MW of wind overbuilding and saved €15 million annually.
What makes your approach different from previous wave energy attempts?
Three critical innovations set us apart: First, our heart-inspired phase control technology works with ocean forces rather than fighting them, multiplying energy capture fivefold. Second, our adaptive tuning system ensures both maximum efficiency during normal conditions and survivability during storms – solving the durability challenge that hampered earlier attempts. Third, our modular approach enables industrial-scale manufacturing deployment, not only driving rapid cost reduction but ensuring accessibility to all coastal nations with suitable wave energy resources, boosting energy equality. These advantages have been validated from concept through commercial-scale deployment in real Atlantic Ocean conditions.
Is your technology actually working today or still in development?
Our utility-scale technology is operational now in the Atlantic Ocean off northern Portugal, successfully delivering electricity to the grid while withstanding storms with waves up to 18 metres. Independent verification confirms performance metrics in actual operating environments, with results matching our projected outputs and durability claims. This isn’t a prototype – it’s commercially ready technology generating power today.