CorPower Ocean AB is a Swedish renewable energy technology company developing wave energy converters (WECs) to generate electricity from ocean waves. Headquartered in Sweden with manufacturing and test operations in Portugal, the company targets utility‑scale wave farms and hybrid wind–wave projects to complement variable renewables.
CorPower’s technology uses compact point‑absorber buoys connected to the seabed via a power‑take‑off system. Advanced control and pneumatic pre‑tensioning tune the devices to incoming sea states to increase power capture, while a storm‑protection mode reduces loads during extreme conditions. The approach emphasizes high power‑to‑weight ratios, modular arrays, and grid integration via subsea hubs and onshore substations. The company has advanced through dry‑rig validation and ocean demonstrations and is progressing toward commercial arrays intended to supply coastal grids and energy‑intensive facilities with predictable, low‑carbon electricity, supporting applications such as green hydrogen production and decarbonization of industrial sites, including chemicals.