🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
NoviOcean’s Alta Wave 1000H and Medi Wave 850H 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)
2016 - 2017- 2018
Concept Validation
Prototype NoviOcean No1 Scale 1:7
COMPLETED
2019 - 2020- 2021
1:6 Scale Prototype
0.9 M€
COMPLETED
2022 - 2023- 2024
1:5 Scale Prototype
2 M€
COMPLETED
2025 - 2026- 2027
1:1 Scale Pilot Project
4 M€
2028 - 2029- 2030
Pre-commercial Array
2031 - 2032
Commercial Deployment
2025-2026
1:1 Scale Pilot Project
Project Costs
5 M€
2027-2028
Pre-commercial Array
Project Costs
5 M€
2029 =>
Commercial Deployment
Project Costs
5 M€
📌 Future Business Areas:
🏝 Desalination
☀ Floating wind & solar
🌊 Wave-only power
🏞 Lakes & small oceans
📜 Licensing model
🤝 Partnerships
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
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.
