NoviOcean's Path to Sustainability

Business Opportunity, Timeline, Finance, and Target Partnerships for a Greener Tomorrow

Market Opportunity
  • Global wave energy potential 5000 GW
  • EU’s 2030 Ocean Energy target 0.5 GW contracted
  • EU Commission target for 2050 : 40 GW deployed
How will EU reach these targets?
By incentives & subsidies, just like with wind and solar power
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Revenue model & Our primary market
Selling Licenses : Turnkey
(BOO/BOOT) Build, Own, Operate, Transfer
Partnership / Joint Venture
(BOO) Build, Own, Operate
Own Production : Turnkey
(BOO/BOOT) Build, Own, Operate, Transfer
Target Partners & Customers
Partners

”The right solution at the right time in history”

  • Ports and Harbors
  • Utility Companies
  • Oil & Gas Companies
  • Wind Power Actors
  • Shipyards and Large Industrial Companies
  • Subcontractors
Customers

”We solve grid intermittency”

  • Ports and Harbors
  • Offshore Wind Farm Owners
  • Oil & Gas Companies
  • Local Shipyards & Manufacturers
  • Utility Companies
  • 2000 Remote Islands & Off-grid Communities

NoviOcean's Development Stages

Plan Forward

NoviOcean's path towards revolutionizing renewable energy is a carefully structured journey, marked by significant milestones and strategic investments:

Journey so far - Validation of Functionality & Technology
COMPLETED

STAGE 1 (TRL 1-3)

2016 2017 2018

Concept Validation

COMPLETED

STAGE 2 (TRL 4-5)

2019 2020 2021

1:6 scale prototype

COMPLETED

STAGE 3 (TRL 6)

2022 2023

1:5 scale prototype

CURRENT STAGE

STAGE 4 (TRL 7)

2024 2025 2026

1:1 scale pilot project

STAGE 5 (TRL 8)

2027 2028 2029

Pre-commercial Array

 

COMMERCIA L (TRL 9)

2030 2031 2032

Commercial Deployment

Following a structured five-stage product verification process introduced by International Energy Agency OES & ETIP Ocean

Grey areas:

> Low wind production =>High prices.

> But little to sell => Minimal revenue

> Off-phased wave energy=> High revenue

Beige areas:

> Strong winds.

> Curtailment

> Still full CAPEX + OPEX

> Low energy prices => minimal revenue

Conclusion:

> Ten+ days per month => minimal revenue

> Increasing deployments => larger problem

> To be profitable in this total market, it will be crucial to have production priority to NoviOcean units! How? By partnering now!

Market Price shows Inverse Correlation to Wind Power Production

Portugal 20 Oct to 17 Nov 2023

( Source https://www.omie.es/en/spot-hoy)

INVESTING IN WAVE ENERGY
INVESTING IN WAVE ENERGY

Grey areas:

> Low wind production =>High prices.

> But little to sell => Minimal revenue

> Off-phased wave energy=> High revenue

Beige areas:

> Strong winds.

> Curtailment

> Still full CAPEX + OPEX

> Low energy prices => minimal revenue

Conclusion:

> Ten+ days per month => minimal revenue

> Increasing deployments => larger problem

> To be profitable in this total market, it will be crucial to have production priority to NoviOcean units! How? By partnering now!

Market Price shows Inverse Correlation to Wind Power Production

Portugal 20 Oct to 17 Nov 2023

( Source https://www.omie.es/en/spot-hoy)

INVESTING IN WAVE ENERGY
INVESTING IN WAVE ENERGY

Stage 1 (TRL 1-3): Concept Validation, 2016-2017

  • Investment: €0.3 million
  • During this phase, NoviOcean lays the foundation for its groundbreaking technology, conducting concept validation and feasibility studies to ensure the viability of its vision.

Stage 2 (TRL 4-5): 1:6 Scale Prototype, 2018-2020

  • Investment: €0.9 million
  • NoviOcean transitions from concept to a 1:6 scale prototype, conducting rigorous physical tests and fine-tuning the technology's working principles.
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Stage 1 (TRL 1-3): Concept Validation, 2016-2017

  • Investment: €0.3 million
  • During this phase, NoviOcean lays the foundation for its groundbreaking technology, conducting concept validation and feasibility studies to ensure the viability of its vision.

Stage 2 (TRL 4-5): 1:6 Scale Prototype, 2018-2020

  • Investment: €0.9 million
  • NoviOcean transitions from concept to a 1:6 scale prototype, conducting rigorous physical tests and fine-tuning the technology's working principles.
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Stage 3 (TRL 6): 1:5 Scale Prototype, Pilot Design, 2021-2023

  • Investment: €3 million
  • The journey enters an exciting phase with the development of a 1:5 scale prototype and experimental unit design. In-depth testing and validation enhances the technology's potential.

Stage 4 (TRL 7): 1:1 Scale Pilot Demo, 2024-2025

  • Investment: €9 million
  • Scaling up to a 1:1 scale pilot demonstration marks a significant step forward. This phase involves deploying a full-scale unit to showcase the technology's performance and readiness for real-world applications.
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Stage 3 (TRL 6): 1:5 Scale Prototype, Pilot Design, 2021-2023

  • Investment: €3 million
  • The journey enters an exciting phase with the development of a 1:5 scale prototype and experimental unit design. In-depth testing and validation enhances the technology's potential.

Stage 4 (TRL 7): 1:1 Scale Pilot Demo, 2024-2025

  • Investment: €9 million
  • Scaling up to a 1:1 scale pilot demonstration marks a significant step forward. This phase involves deploying a full-scale unit to showcase the technology's performance and readiness for real-world applications.
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Stage 5 (TRL 8): Pre-commercial Array, 2026-2028

  • Investment: €25 million
  • NoviOcean advances towards the pre-commercial stage, focusing on the deployment of an array of units. This stage demonstrates the technology's ability to generate sustainable energy on a larger scale

Commercial (TRL 9): Revenues & Licenses, 2029-2032

  • As NoviOcean's technology gains recognition and adoption, the company enters the commercial phase, generating revenues through partnerships, licensing, and the widespread deployment of its wave energy converters.
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Stage 5 (TRL 8): Pre-commercial Array, 2026-2028

  • Investment: €25 million
  • NoviOcean advances towards the pre-commercial stage, focusing on the deployment of an array of units. This stage demonstrates the technology's ability to generate sustainable energy on a larger scale

Commercial (TRL 9): Revenues & Licenses, 2029-2032

  • As NoviOcean's technology gains recognition and adoption, the company enters the commercial phase, generating revenues through partnerships, licensing, and the widespread deployment of its wave energy converters.
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Funding / Knowledge / Industrial Partners and Investors
  • We are actively working on establishing and maintaining partnerships and relationships with major industrial companies, relevant knowledge institutions, funding organizations and investors, as well as private investors and philanthropists.
Funding Partners, Incubators, & Private Investors
  • NoviOcean has received funding from various sources including government agencies, universities, and the European Union. we welcome further philanthropic support from individuals who share their vision of combating climate change through clean, renewable ocean energy.
Academic & Knowledge Partners
  • NoviOcean actively seeks partnerships with universities and research institutions. They collaborate on various projects, from PhD research to internships, to leverage expertise and advance their cleantech innovation for wave energy conversion.
Industrial Partners
  • NoviOcean is looking for industrial partners to manufacture and supply components for their wave energy system. They emphasize using reliable, existing technology and believe this offers a high-reward opportunity despite being a startup

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.

NoviOcean: Resilient, Efficient Wave WIND & SOLAR Energies

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.

Get In Touch with Us!

Office Email

info@noviocean.energy
jan.skjoldhammer@noviocean.energy

Office Phone

+46(0)73 394 84 17

Office Location

Novige AB Lövängsvägen 91, 187 30 Täby, Stockholm Sweden

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