ovige AB Secures 4.25 Million SEK Funding to Propel NoviOcean Wave Energy Development

"Accelerating Progress Toward a Sustainable Future

NoviOcean / Novige AB nominated as one of six for the final round of Stena Line's Propeller Prize

Yesterday we received this pleasant info:

“Congratulations! You have been nominated for step 2 in Stena Line Propeller Prize”

Stena Line Propeller Prize is an entrepreneur prize granted annually to young businesses in the ICT and Maritime Technology arena. There are two categories, each with three nominees. One of them is marine technology which we will be competing in.

Stena Line is one of the world`s largest ferry lines, with a strong focus on sustainability. This aligns very nicely with our mission.

Stena Line Propeller Prize is an entrepreneur prize granted annually to young businesses in the ICT and Maritime Technology arena. Two young growth companies win 100 000 SEK each.

The prize is announced by Blue Science Park during the digital event Innovation Day on May 06 in Karlskrona.

NoviOcean

Advantages

Wave Energy

Our Journey

Future Goals

Investor Portal

1 MW Hybrid Solution
650 kW Wave, 300 kW Wind, 50 kW Solar.
(40% capacity Factor | 3.5 GWh /unit/year)

Lighter, low LCOE, more powerful – the future of clean, efficient energy

Wave energy: 5x denser than wind, 10x solar, available 24/7, highly predictable.

Since 2016, pioneering simplicity, efficiency, and sustainability in cleantech

By 2030, 0.5 GW contracted, and by 2050, 10 GW, reflecting our ambition to campture 25% of the EU’s 2050 target, worth  E 30 billion in Europe alone. The global market is six times larger  

Structured path: Full-scale prototype 2022, commercial phase by 2029. Cost-efficient tech, global partners, and a sustainable future. Let’s connect!