Novige AB received a 2.1 million EUR grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the LIFE programme to design, build, deploy, test, and certify its first full-scale pilot WEC unit, NoviOcean NO500 in an offshore test site by 2025/26.
NoviOcean WEC (rated at 500 kW) will utilize a low-weighted 38×7 square meter rectangular float and well-proven parts to produce clean/stable electricity at a commercially viable cost. Simple design, less use of materials, and recyclability, along with an effective global licensing strategy will facilitate local manufacturing, operation, and decommissioning using readily available resources.
More details on the upcoming stages of building and deployment of the pilot unit will be disseminated on a continued basis to various project stakeholders. For more information on the context and progress of the LIFE NOVIOCEAN project, please visit our dedicated project page.
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’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