CorPower Ocean AB is a Swedish clean-energy technology company that develops wave energy converters and wave farms to generate electricity from ocean waves. Headquartered in Sweden with operations and ocean test activities in Portugal, the company designs, manufactures, and deploys compact point-absorber devices that use advanced control systems to improve energy capture and withstand extreme sea states.
CorPower Ocean’s solutions are aimed at utility-scale, grid-connected renewable power and can be integrated with offshore wind and other sources to strengthen energy systems. By enabling reliable, low-carbon electricity from marine resources, the company supports industrial decarbonisation, including in energy-intensive sectors such as refining and chemicals.
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Six projects receive €319M from the Innovation Fund to cut 24.1M tonnes CO2 in hydrogen, energy, and chemical sectors, boosting EU's net-zero transition and competitiveness.
