the most effective solar battery on earth: The Ocean 

CorPower Ocean is a Swedish technology company that enables 100% renewable energy using a buoy that captures energy from the ocean’s waves. 

If this solution were implemented globally, with CorPower Ocean as the sole supplier, they would be able to reduce global CO2 emissions by 3-6%. That’s equivalent to the CO2 emissions from the annual electricity production of 500 million homes. 

The company’s primary focus is to assist in the global transition to 100% fossil-free energy. 

Category 

Of course, they are not the only ones doing this. Other options include solar and wind power. 

Subcategory 

Within the subcategory of wave energy technology, there are different types of buoys. What gives CorPower Ocean an edge over its competitors is that their 

product is entirely oblivious to storm waves. And thanks to resonance technology, the buoy can move up to 3 meters in height from waves a 1⁄3 of that size. It’s 5 times more energy efficient than previous wave technologies, and has a high average energy output, which helps balance the grid, making the ocean the most effective solar battery on earth. 

Other than having an outstanding product, their scientists and supply team provide competitive cost projections, which are verified through a step-by-step approach. In the case of their most effective WEC (Wave Energy Converter), which has been proven at sea, the product minimises peak load while maximising average annual load. 

In collaboration with ABB, CorPower owns the largest dry-test facility for drivelines worldwide. Major players such as Simply Blue Energy, and others have engaged in demonstration of the technology underway at Agucadoura in Northern Portugal. 

FACTS 

Founded in: 2010
Founded by: Stig Lundbäck and Patrik Möller (CEO)
Headquarters: Stockholm, Sweden
Employees 2020/2021: 35/50+
Privately Owned / Investors Revenue 2020: 34.8 MSEK 

Visit the website of CorPower Ocean at: https://www. corpowerocean.com/