Empowering a Sustainable Future
NoviOcean,delivering stable, profitable ocean energy to eight independent global sectors, each critically in need of reducing costs and carbon emissions.
Introducing NoviOcean
  • Producing 3 500 MWh / unit / 1050 households 3- 40 times better than competition
  • 31 kW Output/Per Mn EUR. Invested @TRL 7 5-50 times better than competition
  • 24/7: 16 kW Output/Valuation (Best Buy) 4 - 40 times better than competition
  • < €3.6 million : The CAPEX (capital expenditure) of NoviOcean's initial unit.
  • < €2 million , The CAPEX after 100 units.
Hybrid Energy Converter
Wave, Wind, Solar.
3 patent families covering 20 countries
(52 approved, 7 pending)
  • Double the Power Output per Sea Area
  • Co-locating with Offshore Wind Parks
  • Stable Off-phased Energy Supply
  • To extract 3-10 times more power per unit
  • To last for 10 000 cycles per day
  • Have high survivability (being high in the water with low relative surge forces)
  • Use the well-proven hydraulic cylinder to take the huge load
sustainable ocean energy cost-effective renewable energy wave, wind, and solar hybrid converter offshore wind alternative stable energy supply Benefits: double energy output per sea area co-location with wind farms reduced greenhouse gas emissions lower lifecycle cost (LCOE) multi-award winning innovation Technical Specifications: 1 MW hybrid solution 52,000 MWh/year energy production 40% capacity factor globally patented technology easy to produce, install, and maintain Environmental Impact: low visual and audible footprint minimal environmental impact Cost Efficiency: lower weight to power ratio than wind competitive LCOE compared to wind and solar high power-to-weight ratio Investment Potential: TRL 7 pilot project partnership scalable clean energy solution profitable and stable ocean energy Additional Keywords: ocean energy converter wave energy converter renewable energy investment climate change mitigation blue energy
  • 24/7 Energy Output, Bridging the Intermittency Gap (40 – 70% Capacity Factor)
  • 600 tons: The lifting force of NoviOcean's technology, 10 000 times per day.
  • 1 000/400 kW: The power output of NoviOcean's technology in optimum/medium conditions.
Saving the Climate with Profitable and Stable Ocean Energy
Now open for Investments and / or TRL 7 Pilot Project Partnerships Proposal for Pilot Partnership
Welcome to requests data for your specific market focus
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1 MW Hybrid Solution
  • 650 kW Wave, 300 kW Wind, 50 kw Solar 52 000 MWh/Year per km2
  • 40% Capacity Factor in medium location
  • Measuring 38 x 9 x 4 / 12 meters Weight 140 tons, lifting 600 tons
  • LCOE €250 -> €100 (after 100MW deployed) -> €70, continuing down
  • CFD (subsidies) in the UK now listed at €370, €250 in Taiwan
  • Benefits of Hybrid 45% Higher Output vs Only Wave power Combined use of structure, cables & moorings
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Added Values
  • Avoided Emissions : 4000-10 600 tons CO2 eq./unit/yr
  • LCA : 9 kg CO2 eq./MWh 7% of EU grid average
  • Globally Patented (3 Patents in 20 Countries)
  • Multi-Award Winning Innovation
  • Validated and Confirmed Performance
  • 1:5 Scale Prototype
  • 24 months Test Rig
  • 6 weeks Tank Rig
  • 14 months of offshore testing
  • 3rd Party Evaluation
  • All matching 100%
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Easy to Produce, Install, and Maintain
  • Simple Well Proven Parts
  • Modular Design
Environment
  • Low Visual and Audible Signature
  • Low Environment Footprint
Cost Efficient
  • Weight to Power: ½ vs Offshore Wind
  • LCOE 1/3 vs start of Wind & Solar
  • Power to Weight: 3-50x vs other Wave Energy
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Cost-Effective Renewable Energy Solution
Eight Sectors for
 NoviOcean Technology |
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Further explanation is provided in the next slides for the Ports and Harbors, Offshore Oil Rigs, Desalination and Offshore Wind Farm markets
Short-Term TargetLong-Term Target

Ports and Harbors

Key Benefits

• Reducing CO2 / GWP footprint by 4,010 tons per year / unit.
• Demand and supply in close proximity and in own jurisdiction .
• Regulatory Compliance.

Short-Term TargetLong-Term Target

Offshore Oil Rigs

Key Benefits

• Cost savings by reducing diesel reliance.
• Reduced carbon emissions and enhanced safety.
• Continuous demand and scalability.

Short-Term TargetLong-Term Target

Desalination

Key Benefits

• High demand for freshwater solutions in arid regions
• Reduced operational costs and carbon footprint
• Expanding market size and integration with water infrastructure

Short-Term TargetLong-Term Target

Remote Islands

Key Benefits

• High diesel costs and logistical difficulties for fuel supply
• Support from governments and NGOs for sustainable solutions
• Enhanced sustainability for local communities and tourism

Short-Term TargetLong-Term Target

Remote Coastal Regions

Key Benefits

• High potential for wave energy.
• Complementary to other renewable energy sources like solar and wind.

• Significant reduction in energy costs and carbon emissions

Long-Term Target

Offshore wind farms

Key Benefits

• Potential for growth as regulatory frameworks stabilize
• Complementary energy generation with wind and wave integration

Long-Term Target

Larger Coastlines

Key Benefits

• Suitable for various coastal and near-shore applications
• Provides stable and renewable energy in diverse conditions

Long-Term Target

Hydrogen Production

Key Benefits

• Global shift towards clean hydrogen as a sustainable energy source
• Significant market potential as hydrogen technology advances

Ocean energy industry expected to hit
€53bn per year by 2050
NoviOcean solution
Serviceable Obtainable Market
Early accessible market
Contracted by 2030
20 MW
Deployed by 2030 Target by European Commission FF55
€ 0 Billion
Deployed By 2055
25% of European Market, 20% of Outside Europe
1 GW
€ 1 Billion
Total Addressable Market
Global 2055
0 GW
Deployed Ocean Energy in 2055 Global IRENA
€ 0.2 Trillion
Journey so far - Validation of Functionality & Technology
Title: "Wave of Success: Novige AB Clinches Mission Innovation Champions Award" Subtitle: "Revolutionizing Clean Energy with Cutting-Edge Wave Power Technology"

STAGE 1 (TRL 1-3)

2016 - 2017- 2018

Concept Validation

0.3 M€

Prototype NoviOcean No1 Scale 1:7

COMPLETED

NoviOcean NO1 Prototype COAST Laboratory Tank Testing MaRINET2 Initiative European Union H2020 Framework Programme

STAGE 2 (TRL 4-5)

2019 - 2020- 2021

1:6 Scale Prototype

0.9 M€

COMPLETED

STAGE 3 (TRL 6)

2022 - 2023- 2024

1:5 Scale Prototype

3 M€

COMPLETED

STAGE 4 (TRL 7)

2025 - 2026- 2027

1:1 Scale Pilot Project

9 M€

voviocean wave

STAGE 5 (TRL 8)

2028 - 2029- 2030

Pre-commercial Array

25 M€

NoviOcean solution

COMMERCIAL (TRL 9)

2031 - 2032

Commercial Deployment

 

Key highlights – NoviOcean adheres to a globally recognized Product Build, Test, and Commercial Deployment Methodology (TRL) Prototype connected to a local grid powering a small island 24 Months in Test Rig at Royal School of Technology (KTH) 6 Weeks of Wave Tank Testing (UK and France) 18 Months testing in Actual Offshore Conditions Third Party Simulations validates the performance Triple Patents secured for 20 relevant markets** Design of Full-Scale Unit well underway
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  • 1 MW Hybrid Offshore Energy Converter
  • Well Proven Components with High Conversion Rate
  • Simple & Light Weighted Design
NoviOcean Vs Competitors by the Numbers
Floating non-resonant hybrid, wave, wind & solar energy converter
Output per Tonne shows the Cost effectiveness/Tonnes of Material, normally Steel.
For the sake of Simplicity, we have assumed all Solutions have reached TRL7

Avg. KW Output/Tonne : 2.9

Avg. kW Output/Per Mn EUR. 31

Avg. KW Output/ Valuation (Best Buy) : 16

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Why NoviOcean?
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  • PROFIT

    Generate profit due to incentives from unit no. 2

  • HYBRID

    Unique triple wave-wind-solar hybrid sharing structure, moorings & subsea cables

  • LIFTING 600 tons

    Only device having a rectangular float, lifting 600 tons

  • HYDRAULIC CYLINDER

    Only device using the well proven hydraulic cylinder to extract such high force

  • RPM

    Only structure using the well proven Pelton turbine to convert the slow wave motion to high generator RPM

  • X4 CONSIDERABLY HIGHER OUTPUT

    Delivers 4x the output of any other validated concept

Unbeatable Efficiency:
  • Starting at 1/3´d the costs of wind power
  • 2x power-to-weight ratio vs Offshore Wind , therefore way better energy-to-cost potential
  • More power for less: €9 million total for the TRL 7 project delivers 3-50x the output of other concepts
  • We will spend 15% of what the most well-known competitor has spent, with 4x the output. The reason; simple main system, few and simple parts, water to metal for low wear, and easy conversion to high RPM.
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NoviOcean Goals and Objectives
NoviOcean solution
  • To deliver stable energy from the oceans at a lower price than offshore wind
  • To play a vital role in mitigating the climate crisis in a huge global market
  • NoviOcean Objectives 2030 4 GW contracted (€1.2 billion)
  • 20 GW (€70 billion) deployed by 2055, 25% of European market.
    This is only in Europe. Global addressable market is 10x larger.
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COP28 did not deliver as needed
“Our goal is to make the annual profit of using NoviOceans so high, that it by itself will be the catalyst for deployments in the thousands.”
Jan Skjoldhammer, CEO / Founder / Inventor
COP28 did not deliver as needed
“Our goal is to make the annual profit of using NoviOceans so high, that it by itself will be the catalyst for deployments in the thousands.”
Jan Skjoldhammer, CEO / Founder / Inventor
Awards
Articles and News
THE HYBRID PLANT THAT COMBINES WAVE, WIND AND SOLAR POWER

NoviOcean aims to expand its technology with offshore wind farms.

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NOVIOCEAN TRIUMPHS IN STARTUP4CLIMATE AWARD, SECURES 1M SEK PRIZE

NoviOcean wins 1 million SEK StartUp4Climate award.

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BRIDGE TO COMMERCIAL VIABILITY AFTER FIRST PILOT

Harnessing the Ocean's Power: Introducing our revolutionary 1 MW Hybrid Wave, Wind & Solar Converter!

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Jan Skjoldhammer

From Airline Captain to Renewable Energy Innovator Article by AllAroundWorlds.com – 08.31.2024

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F.A.Q.

NoviOcean’s innovative Hybrid Energy Converter (NHEC) harnesses the combined power of wave, wind, and solar energy. This groundbreaking technology delivers efficient and cost-effective renewable energy, paving the way for a sustainable future. 

NoviOcean HEC delivers double the power output per sea area compared to wind power. Its hybrid design (wave, wind, solar) and efficient use of infrastructure lead to a lower Levelized Cost of Energy (LCOE) in early evolution.

Noviocean HEC is easy to produce, install, and maintain due to its modular design and well-proven parts. It boasts a low environmental footprint and superior power-to-weight ratio compared to offshore wind.

NoviOcean offers competitive development costs, with LCOE reaching €100/MWh after only 100 units deployed, then lower. Investment benefits include attractive incentive programs, expected high profits, participation in a meaningful and scaleable clean energy solution, and not the least, extremely positive marketing effects for partners and users.

NoviOcean is in Stage 4 (TRL 7), developing a 1:1 scale pilot to demonstrate real-world performance and pave the way for commercial deployment.

NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030.

NoviOcean envisions having 10 GW deployed by 2050, capturing 25% of the EU's 2050 target and generating €30 billion in sales within Europe alone. The global market potential is three times larger.

NoviOcean: Resilient, Efficient Wave WIND & SOLAR Energies

NoviOcean’s patented innovations and efficient components create a resilient, high-power-density Ocean Energy Converter. With streamlined processes for manufacturing, installation, and maintenance, NoviOcean offers lower costs and competitive LCOE values, challenging existing ocean energy solutions and fossil fuels.

Get In Touch with Us!

Office Email

info@noviocean.energy
jan.skjoldhammer@noviocean.energy
anders.tengelin@noviocean.energy

Office Phone

+46(0)73 394 84 17
+46 704 28 70 84

Office Location

Novige AB Lövängsvägen 91, 187 30 Täby, Stockholm Sweden

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