Vinnova funding for NoviOcean, wave power developer
Technology Medi Wave 850HThe current product How It WorksBuoyancy to Pelton turbine Key AdvantagesWhy hybrid changes the maths Technology EcosystemWave, wind, solar, structure Alta Wave — Future DevelopmentVery high-energy wave regions Applications Remote Islands & Coastal CommunitiesDiesel cost and energy security Coastal Data CentersLocal, stable clean power Desalination & Water SecurityEnergy-intensive freshwater Aquaculture & Fish FarmsOff-grid and weak-grid sites Further ApplicationsThe full opportunity set Validation Simulator Company AboutWhat NoviOcean is TeamCore team and advisers PartnersWind Harvest and Midsummer Awards & SupportRecognition and funders Investor RelationsInvestor & strategic dialogues ContactReach the team Insights & News Book a Meeting Technology Medi Wave 850H Alta Wave — Future Development Applications Remote Islands Data Centers Desalination Fish Farms Further Applications Validation Simulator Company About Team Partners Awards & Support Investor Relations Contact Insights & News Book a Meeting Company news 5 February 2024 Vinnova funding for NoviOcean, wave power developer Accelerating Progress in Sustainable Energy Solutions The illustration published with the original post.For illustration only — the actual design is shared in closer dialogues. Published as Novige AB. The company is now NoviOcean AB. Last week, we got the green light from Vinnova regarding a 900K SEK grant for the “Innovative Startups phase 2” programme. With Vinnova’s support, we will be able to further improve the design and function of our prototype unit (NO1). We will also evaluate and connect with future potential suppliers as well as update our IP strategies and business plan. – Moreover, a critical aspect of our work during the “Innovative Startups phase 2” project will be to focus on deepening our understanding of the market needs and improving our cost estimates. We will also focus on effective engagement with our partners and potential customers, says Jan Skjoldhammer CEO and founder of Novige AB After testing the prototype for 2 weeks in the wave tank plus 6 weeks offshore, we have now gained invaluable insights on how we should tweak the PTO (Power Take Off) design for even better performance. The prototype is now back at our test rig (built using a previous grant from Åforsk) at KTH Royal Institute of Technology. More dry tests are being planned to be performed under another project. Please watch our showcase video here We invite journalists, market actors, philanthropists, and foundations who are interested in joining us in “saving the climate with profitable wave power” to contact us and possibly come and see the NO1 prototype at KTH in Stockholm. For more information, please contact Jan Skjoldhammer Jan.skjoldhammer@noviocean.energy Originally published on the NoviOcean news page; the archive entry carries the date 5 February 2024. The grant, the prototype status and the test programme described are as reported at the time of writing. Text restored verbatim from the WordPress export and re-marked in the V2 design, August 2026. Related on noviocean.energy/ Awards & Support The recognition record and the public funders behind the programme. Validation The development journey, offshore testing, the NO3 scope and model validation. Investor Relations The capital-efficient route to full-scale validation and commercialization. Grants got it measured. The next phase gets it built. Phase budgets, the financing route and the current investor material are shared in controlled, dated material after an introductory meeting. Book a Meeting Hybrid wave, wind and solar — one offshore platform. Technology Technology Medi Wave 850H How It Works Technology Ecosystem Alta Wave — Future Applications Remote Islands Data Centers Desalination Aquaculture Further Applications Company Company About Team Partners Awards & Support Validation Simulator Investor Relations Contact Insights & News Book a Meeting Contact NoviOcean ABLövängsvägen 91187 30 Täby, Sweden jan.skjoldhammer@noviocean.energy +46 (0)73 394 84 17 Follow NoviOcean on LinkedIn © 2026 NoviOcean AB. All rights reserved. Platform illustrations are conceptual — the actual design is shared in closer dialogues.
Green Tech company Novige winner of prestigious Mission Innovation Champions
Technology Medi Wave 850HThe current product How It WorksBuoyancy to Pelton turbine Key AdvantagesWhy hybrid changes the maths Technology EcosystemWave, wind, solar, structure Alta Wave — Future DevelopmentVery high-energy wave regions Applications Remote Islands & Coastal CommunitiesDiesel cost and energy security Coastal Data CentersLocal, stable clean power Desalination & Water SecurityEnergy-intensive freshwater Aquaculture & Fish FarmsOff-grid and weak-grid sites Further ApplicationsThe full opportunity set Validation Simulator Company AboutWhat NoviOcean is TeamCore team and advisers PartnersWind Harvest and Midsummer Awards & SupportRecognition and funders Investor RelationsInvestor & strategic dialogues ContactReach the team Insights & News Book a Meeting Technology Medi Wave 850H Alta Wave — Future Development Applications Remote Islands Data Centers Desalination Fish Farms Further Applications Validation Simulator Company About Team Partners Awards & Support Investor Relations Contact Insights & News Book a Meeting Company news 4 February 2024 Green Tech company Novige winner of prestigious Mission Innovation Champions Revolutionizing Clean Energy with Cutting-Edge Wave Power Technology For illustration only — the actual design is shared in closer dialogues. Published as Novige AB. The company is now NoviOcean AB. Wave of Success: Novige AB Clinches Mission Innovation Champions Award Mission Innovation (MI) was launched at the Paris Climate Conference 2015 and is a global initiative of 24 countries and the European Commission. The Mission Innovation Champions award was established with the purpose of speeding up the pace of innovations in clean energy and is a global platform for sustainable energy solutions. This prestigious award is being awarded for the second year in a row, with this year’s winner being the Swedish wave power company, Novige. For centuries, attempts have been made to extract energy from the seas, but none have so far been proven to be economical. The fact that this jury, consisting of highly qualified professors and doctors in the field, chose Jan and his product as the very first marine energy solution, gives a hint about what is about to happen. – This is a long-awaited acknowledgment of the fact that our solution will accelerate the necessary energy revolution. The potential for wave power is enormous. It is an honor to be awarded this award and we look forward to being able to continue the development and eventually see our units produce huge amounts of clean and stable energy in all continents, says Jan Skjoldhammer, owner and founder of Novige AB. The 21 award nominees are comprised of both research and innovation as well as private players, with the common focus being innovations that drive the energy revolution intending to make energy more reliable, cleaner, cheaper, and more efficient. The jury consists of reputable experts from all over the world, all with long experience and expertise in the energy sector. The 21 Champions work in a variety of energy-related fields and industries. They are individuals with a track record of progressing creative new ideas that can drive the pace and scale of the clean energy revolution — they are the people inventing the products and services of the future or discovering the science that underpins them. “The Champions were selected through a rigorous international competition, including peer-to-peer reviews and evaluations by a diverse panel of experts from around the globe. Applications were evaluated based on the audaciousness and creativity of the ideas or solutions proposed, their potential impact and the vision of the candidates towards addressing climate change challenges in the energy sector through innovation. The digital launch ceremony for Mission Innovation Champions was held today on June 12 and was led by Mariya Gabriel, EU Commissioner for Research, Innovation, Education, and Culture. Key Note speaker was Javiera Aldunate Bengolea, Head of the Foreign Affairs office of the Ministry of Energy of Chile. Published in the NoviOcean news archive on 4 February 2024, under the company’s former name Novige AB. Rebuilt in the V2 design; the wording is the original post. Related RecognitionAwards & SupportEvery award, what it recognised, and the funders behind the programme. EvidenceValidationWhat has been measured, at what scale, and over how long. CompanyAbout NoviOceanThe systems-integrator argument, the team and the founder’s goal. Recognition is not evidence. The evidence is separate. Tank testing, test-rig hours, offshore months and the current demonstrator are all on the record. Ask for the detail, or bring us a site. Book a Meeting Hybrid wave, wind and solar — one offshore platform. Technology Technology Medi Wave 850H How It Works Technology Ecosystem Alta Wave — Future Applications Remote Islands Data Centers Desalination Aquaculture Further Applications Company Company About Team Partners Awards & Support Validation Simulator Investor Relations Contact Insights & News Book a Meeting Contact NoviOcean ABLövängsvägen 91187 30 Täby, Sweden jan.skjoldhammer@noviocean.energy +46 (0)73 394 84 17 Follow NoviOcean on LinkedIn © 2026 NoviOcean AB. All rights reserved. Platform illustrations are conceptual — the actual design is shared in closer dialogues.