Celebrating Innovation: NoviOcean Wins StartUp4Climate Award, Claims 1M SEK Prize
A Triumph for Renewable Energy Innovation in the Fight Against Climate Change
NoviOcean Triumphs in StartUp4Climate Award, Secures 1M SEK Prize
NoviOcean Triumphs in StartUp4Climate Award, Secures 1M SEK Prize

In a notable victory for renewable energy innovation, NoviOcean has won the prestigious StartUp4Climate award, securing a substantial prize of 1 million Swedish Krona (SEK). The award, celebrated for its prominence in the energy sector, recognizes groundbreaking efforts in climate change mitigation.

The announcement was met with great enthusiasm by our team, who expressed their pride and gratitude for this recognition. This achievement not only underscores the company’s commitment to sustainable energy but also highlights the potential of Ocean Energy solutions in combating climate change.

NoviOcean’s success was amidst stiff competition from other innovative finalists, showcasing advancements in areas like fusion energy and eco-friendly cement production. The company acknowledges the impressive achievements of these contenders, emphasizing the collaborative spirit of innovation in the fight against climate change.

We sincerely thank the jury, comprising esteemed figures like Stefan Krook, Johan Lindehag, Lina Bertling Tjernberg, Johanna Mossberg, and Jane Walerud. Additionally, we express appreciation towards Ellevio, GodEl, THINGS, and WeDontHaveTime for fostering an impactful platform for showcasing climate-centric innovations.

As we continue our mission to revolutionize the energy landscape with efficient and profitable wave power, this award marks a significant milestone in our journey towards a more sustainable future.

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.