🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
NoviOcean’s Alta Wave 1000H and Medi Wave 800H solutions together cover 80% of the global coastline, unlocking massive wave energy potential. Alta Wave is designed for high-wave regions, covering 40% of coastlines, while Medi Wave targets medium and small-wave areas, covering another 40%. These two solutions deliver clean, reliable electricity at a lower cost than other offshore renewable sources. With a lighter structure and smaller sea footprint, they require 1/3 of the mass and sea area per output compared to offshore wind and 1/5 compared to floating solar, making them the most efficient choice for ocean-based renewable energy.
We need you! (For financing)
You need us! (For climate impact – and exceptional returns)
Key Benefits
• Reducing CO2 / GWP footprint by 2 700 tons per year / unit.
• Demand and supply in close proximity and in own jurisdiction .
• Regulatory Compliance.
Key Benefits
• Cost savings by reducing diesel reliance.
• Reduced carbon emissions and enhanced safety.
• Continuous demand and scalability.
Key Benefits
• High demand for freshwater solutions in arid regions
• Reduced operational costs and carbon footprint
• Expanding market size and integration with water infrastructure
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
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
Key Benefits
• Potential for growth as regulatory frameworks stabilize
• Complementary energy generation with wind and wave integration
Key Benefits
• Suitable for various coastal and near-shore applications
• Provides stable and renewable energy in diverse conditions
Key Benefits
• Global shift towards clean hydrogen as a sustainable energy source
• Significant market potential as hydrogen technology advances
STAGE 1 (TRL 1-3)
2016 - 2017- 2018
Concept Validation
Prototype NoviOcean No1 Scale 1:7
COMPLETED
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
2 M€
COMPLETED
STAGE 4 (TRL 7)
2025 - 2026- 2027
1:1 Scale Pilot Project
4 M€
STAGE 5 (TRL 8)
2028 - 2029- 2030
Pre-commercial Array
COMMERCIAL (TRL 9)
2031 - 2032
Commercial Deployment
STAGE 4 (TRL 7)
2025-2026
1:1 Scale Pilot Project
Project Costs
5 M€
STAGE 5 (TRL 8)
2027-2028
Pre-commercial Array
Project Costs
5 M€
STAGE 6 COMMERCIAL (TRL 9)
2029 =>
Commercial Deployment
Project Costs
5 M€
📌 Future Business Areas:
🏝 Desalination
☀ Floating wind & solar
🌊 Wave-only power
🏞 Lakes & small oceans
📜 Licensing model
🤝 Partnerships
🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
📈 Commercialization & Scale-Up
🌍 Global Expansion & Next-Gen Systems
Generate profit due to incentives from unit no. 2
Unique triple wave-wind-solar hybrid sharing structure, moorings & subsea cables
Only device having a rectangular float, lifting 600 tons
Only device using the well proven hydraulic cylinder to extract such high force
Only structure using the well proven Pelton turbine to convert the slow wave motion to high generator RPM
Delivers 4x the output of any other validated concept
NoviOcean’s Global Recognition & New Opportunities! We’re proud to share NoviOcean’s outstanding achievements at the 8th China (Shenzhen) Innovation & Entrepreneurship International Competition (IEIC), where our innovative wave energy technology was recognized by leading global investors, professors, and scientists. Previous slide Next slide Our Key Accomplishments: 1st Place – Sweden Final (among 273 companies) 2nd Place – Marine Energy (Global) (competing with 172 companies, 21 finalists) 10th Place...
Floating energy platform could change way you get power in future Article by www.foxnews.com/ – Oct 21, 2024 Revolutionizing renewable energy from sun, wind, waves Swedish company NoviOcean is making waves in the renewable energy sector with its innovative hybrid energy platform. This third-generation prototype combines wind, solar and wave power in a single floating structure, promising up to 1 megawatt of consistent clean energy around the clock....
Hybrid energy raft could power 1,000 homes a day with wave, wind, solar Article by Interestingengineering.com – Oct 03, 2024 The power plant is a 38-meter raft with wind turbines and solar panels, generating about 1 MW with a 40% capacity factor. A Swedish renewable energy firm is aiming to further clean energy generation with its innovative Hybrid Energy Converter (HEC) that harnesses the combined power of wave,...
NoviOcean’s innovative Hybrid Energy Converter (Alta/Medi Wave) 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 (Alta/Medi Wave) 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 (Alta/Medi Wave) 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 €55/MWh after only 50 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, for both Alta Wave and Medi Wave
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’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.
info@noviocean.energy
jan.skjoldhammer@noviocean.energy
+46(0)73 394 84 17
Novige AB Lövängsvägen 91, 187 30 Täby, Stockholm Sweden
