🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
📌 Future Business Areas:
🏝 Desalination
☀ Floating wind & solar
🌊 Wave-only power
🏞 Lakes & small oceans
📜 Licensing model
🤝 Partnerships
🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
📈 Commercialization & Scale-Up
🌍 Global Expansion & Next-Gen Systems
🔹 Today
🛠 Prototype Development
Build 1:1 scale proof of concept
Revenue: ~1M€
Employees: ~10
🔹 2027-2029
📈 Commercialization & Scale-Up
🔹 2030 & Beyond
🌍 Global Expansion & Next-Gen Systems
| Particulars | 🌿 Wind & Solar Solely | 🌊 Ocean Energy / NoviOcean |
|---|---|---|
| Source Availability | 40% of the time LITTLE wind & NO sun | Wave energy fills the 40% gap and complements wind & solar |
| Forecast & Predictability | Only 5-7 hrs ahead | 48-72 hrs ahead |
| Fluctuation of Prices | High fluctuation (€10-200/MWh) | Wave energy fills the 40% gap, achieving the highest wholesale price |
| Capex / LCOE | Wind and Solar started at 6-800 EUR/MWh | NoviOcean starts from 90 EUR/MWh, with infrastructure, for single units, significantly lower than present offshore wind, same array size |
| Cost Efficiency | €180/MWh currently (Floating offshore wind + Battery Storage) | Our target is to be €40-50/MWh before 100 units deployed |
| Environmental Impact | High reliance on batteries/fossil fuels for 40% of the time | Reduces emissions by 99%, up to 7000 tons/unit/year |
✅ Fixing the wind and solar gap means less reliance on fossil fuels and battery storage
💰 Capturing high prices increases the profitability of NoviOcean
One of 8 target markets; early target example
NovaOcean unit produces 3.5 GWh annually, replacing costly diesel operations.
Continuous 24/7 R.O. water supply using renewable wave energy.
Save 60% over 30 years compared to diesel-powered desalination plants.
Freshwater demand is projected to exceed supply by 40% by 2030.
99% lower CO2 emissions compared to traditional diesel plants.
Optimized desalination for cost savings and minimal environmental impact.
| Output (kW) | CF | Annual production (MWh) | LCOE for €750,000 (EUR/MWh) | LCOE for €1,000,000 (EUR/MWh) | LCOE for €1,250,000 (EUR/MWh) | LCOE for €1,500,000 (EUR/MWh) |
|---|---|---|---|---|---|---|
| 100 | 12.5% | 876 | 90.65 | 121.53 | 151.91 | 181.47 |
| 200 | 25% | 1,752 | 45.32 | 60.77 | 75.95 | 90.73 |
| 300 | 37.5% | 2,628 | 30.16 | 40.51 | 50.63 | 60.48 |
| 400 | 50% | 3,504 | 22.59 | 30.38 | 37.97 | 45.36 |
| 500 | 62.5% | 4,380 | 17.92 | 24.10 | 30.31 | 36.29 |
| 600 | 75% | 5,256 | 15.24 | 20.49 | 25.79 | 30.86 |
*** LCOE excludes infrastructure
🔹 These calculations do not yet account for economies of scale achieved through larger order sizes or cumulative deployments. Details on these cost reductions can be found in our additional documentation.
🔹 For arrays of 50 units or more, and after 100 units are deployed in total, cost reductions could reach up to 35% of the values shown above.
✔ Sell electricity via PPAs
✔ 100-500% profit margin per MWh
✔ Customer or NoviOcean operates (optional fee)
✔ Built on order by shipyards
✔ Shipyards build & sell under license
✔ NoviOcean earns 10% per unit sold
✔ Customer or NoviOcean operates (optional fee)
✔ Joint projects with utilities & investors
✔ Long-term revenue & ownership models
✔ 40-60% profit margins
✔ Built on order by shipyards
🏢 State Companies
⚙️ Local Grid Operators
🏭 Industrial Companies
🚢 Shipyards
⛽ Utility, Oil & Gas Companies
🏛️ Government Authorities
| Company/Function | Short Description | Avg. kW Output/Tonne | Avg. kW Output/Mn EUR Invested |
|---|---|---|---|
| NoviOcean | Floating Non-Resonant Wave & Solar Energy Converter | 10 | 31 |
| Competitors | Resonant Wave & Solar Energy Converter | 0.04 – 3.6 | 0.04 – 3.6 |
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