NoviOcean's Strategy for Cost-Competitive Wave Energy

650 kW Wave, 300 kW Wind, 50 kW Solar.

(40% Capacity Factor | 3.5 GWh /unit/year)

Bridge to Commercial Viability after first Pilot

1- Competitive Development:

 

  • New Technology starting at higher Costs (CAPEX AND OPEX).

 

*NoviOcean on par with Offshore Floating Wind at 0.1 MW (about 100 units) Deployed.
Colocation plus solo arrays where wind power is not desirable will be the initial market. But, due to less than half the weight, NoviOcean is de facto set to go below Offshore Floating Wind in costs per MWh, plus providing a more stable and valuable energy delivery, opening a giant market now dominated by offshore wind.

 

2- Significant Incentive Programs

 

*Current CFD Price in UK : 300 EUR/MWh. We are starting at less than 250 EUR/MWh.

 

*Various Feed In Tariffs, Green Certificates and Auctions in e.g. Ireland, France, Spain, Canada, Taiwan, Japan and USA.

*In addition, CAPEX Support Programs through Innovation Fund, EIB, and Invest EU. Funding up to EUR 75 million as 60% of project cost
Swedish Export Credit Corporation issues bank guarantees for up to 90% of buyers financing needs
Swedish Export Credit Corporation issues bank guarantees for up to 85% of our working capital financing needs.

 

3- Profits

 

*This and others will bridge the journey from start to non-subsidised production.

 

*Will as well create large profits even during this phase, simply because the incentives are higher than our costs

Revolutionize offshore energy with our 1 MW Hybrid Converter!

• Doubles wind farm output & stabilizes energy supply.

• Invest in a scalable & cost-effective renewable solution.

• Enjoy production priority, discounts & marketing advantages as a partner.

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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!