Application Mission Innovation Champion

NoviOcean wave energy

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.