CorPower Ocean
CorPower Ocean AB
Hägersten, Stockholm, Sweden
About
Founded in 2012, CorPower Ocean is a private headquartered in Hägersten, Sweden with approximately 50-200 employees specializing in Wave.
CorPower Ocean is a wave energy technology developer founded in Stockholm, Sweden in 2012. The company has pioneered a breakthrough wave energy converter (WEC) based on heart-inspired phase control technology that multiplies energy capture fivefold compared to previous state-of-the-art systems. The core innovation uses pneumatic pressure and WaveSpring technology to work with ocean forces rather than against them, enabling lightweight, durable systems. CorPower's modular CorPack architecture clusters multiple converters to generate 10-30MW per array, scaling efficiently from megawatt to gigawatt deployments. The company's utility-scale C4 converter is operationally deployed off northern Portugal, delivering grid-connected electricity while withstanding Atlantic storms with 18+ metre waves. Independent verification confirms performance metrics match projections. CorPower provides full-service support including site assessment, permitting, engineering, manufacturing, installation, commissioning, and operations & maintenance. The technology enables wave energy to provide stable, predictable power that complements wind and solar, reducing overall renewable system costs by up to 30%. The company has secured over €100 million in funding and nearly €100 million in project grants, with major utility and energy company partnerships including EDP, ESB, and TotalEnergies.
Headquarters
Hägersten, Sweden
Founded
2012
Employees
50-200
Company Type
Private
Funding Stage
Growth
Business Models
Value Chain
Products
C4 Wave Energy Converter
CorPack
Projects
Atlantic Wave Farm - Portugal
Certifications & Awards
Certifications
DNV Prototype Certification
DNV Type Certification
ISO 9001