NoviOcean Triumphs at the 8th China IEIC: A Global Milestone in Clean Energy Innovation
NoviOcean’s Global Recognition & New Opportunities! We’re proud to share NoviOcean’s outstanding achievements at the 8th China (Shenzhen) Innovation & Entrepreneurship International Competition (IEIC), where our innovative wave energy technology was recognized by leading global investors, professors, and scientists. Previous slide Next slide Our Key Accomplishments: 1st Place – Sweden Final (among 273 companies) 2nd Place – Marine Energy (Global) (competing with 172 companies, 21 finalists) 10th Place – Global Final (All Sectors) (21 finalists from 7 sectors) With 3,518 global applicants from 13 countries, we’re honored to be ranked as a top global innovator. What This Means for Noviocean: Global Validation – Judged by esteemed investors, professors, and scientists. Proof of Competitiveness – We’ve stood out against thousands of global innovators, earning recognition on international platforms. New Momentum – This is just one of several milestones driving us toward leadership in ocean energy innovation. We’re now moving forward with full-scale construction, deployment, and testing of our 1 MW Wave, Wind & Solar Energy Converter designed to provide clean electricity and support water desalination. We are actively seeking partners and investors to join us on this transformative journey and seize the high-impact, high-return opportunities as we lead the way in sustainable energy solutions. Awards EUR 10 000 Prize Money EUR 90 000 Prize Money EUR 90 000 Prize Money EUR 10 000 Prize Money
Floating energy platform could change way you get power in future | Fox News
Floating energy platform could change way you get power in future Article by www.foxnews.com/ – Oct 21, 2024 Revolutionizing renewable energy from sun, wind, waves Swedish company NoviOcean is making waves in the renewable energy sector with its innovative hybrid energy platform. This third-generation prototype combines wind, solar and wave power in a single floating structure, promising up to 1 megawatt of consistent clean energy around the clock. Small footprint, big impact Despite its relatively compact size of 125 feet by 30 feet, this renewable energy platform packs a powerful punch. Extending just 13 feet above the water surface and 39 feet below, it’s a David among Goliaths in the world of offshore energy production. How it works The NoviOcean platform harnesses three different energy sources: Solar Power: 7,535 square feet of solar panels generate up to 50 kW. Wind Power: Six vertical-axis wind turbines capture wind energy efficiently. Wave Power: A fascinating buoyancy-driven mechanism generates up to 650 kW from wave motion. The wave power secret The platform’s wave energy generator uses a clever piston system. As waves rise and fall, the platform traps air underwater, creating enormous buoyancy force. This force drives water through a turbine, generating electricity. Promising performance NoviOcean claims each full-size platform could generate about 3.5 gigawatt hours annually, enough to power roughly 324 average U.S. homes. With a capacity factor between 40% and 70%, it offers more consistent energy production than single-source renewables. The road ahead NoviOcean has successfully tested three prototypes and is now preparing for a full-scale pilot. The company aims to have a commercial deployment by 2031-2032. While the initial levelized cost of energy is higher than established renewables, NoviOcean projects significant cost reductions as production scales up. The platform’s ability to generate power from multiple sources could prove valuable for grid stability and peak demand periods. Kurt’s key takeaways As the world races to decarbonize and meet growing energy demands, innovations like NoviOcean’s platform could play a crucial role. Its ability to provide consistent power and maximize energy production per square foot of ocean space is particularly appealing. If NoviOcean can overcome the initial hurdles and prove the technology at scale, it could become a significant player in the offshore renewable energy market. Original article: https://www.foxnews.com/tech/floating-energy-platform-could-change-way-you-get-power-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. How efficient is NoviOcean Hybrid Energy Converter (NHEC)? 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. What are the advantages of Noviocen HEC? 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. Why invest in NoviOcean? 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. What is the current project stage? 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. What are NoviOcean’s short-term goals? NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030. What are NoviOcean’s long-term goals? 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.
Hybrid energy raft could power 1000 homes a day with wave, wind, solar
Hybrid energy raft could power 1,000 homes a day with wave, wind, solar Article by Interestingengineering.com – Oct 03, 2024 The power plant is a 38-meter raft with wind turbines and solar panels, generating about 1 MW with a 40% capacity factor. A Swedish renewable energy firm is aiming to further clean energy generation with its innovative Hybrid Energy Converter (HEC) that harnesses the combined power of wave, wind, and solar energy. NoviOcean’s HEC generates double the power per sea area compared to wind. It uses a hybrid wave, wind, and solar design to lower the levelized cost of Energy (LCOE) early on. The firm claims that HEC’s modular design and proven components make it easy to produce, install, and maintain, with a low environmental impact and higher power-to-weight ratio than offshore wind. “Our NoviOcean machine maximizes renewable energy by combining wave, wind, and solar power in a single solution, ensuring energy generation even when the sun isn’t shining and the wind isn’t blowing. Each unit can power over 1,000 households a day,” said Jan Skjoldhammer, Founder and CEO of NoviOcean The Swedish company is now seeking €12 million to advance the NoviOcean device to full-scale production and increase its technology readiness level (TRL). Hybrid power innovation NoviOcean combines wave, wind, and solar power to deliver a hybrid renewable energy solution. Last autumn, NoviOcean won the German Startup4Climate competition for its innovative wave power plant. Skjoldhammer hopes to scale the solution in collaboration with offshore wind farms, having accepted the award alongside Cemvision, a fossil-free cement manufacturer. The jury was impressed by the synergy of wave, wind, and solar energy, as each complements the other. The NoviOcean wave power plant resembles a 38-meter-long rectangular raft. It lies along the waves, with a water-filled cylinder underneath connected to the seabed via a piston rod and cable. https://www.youtube.com/watch?v=denflW-c0BI Anchors keep the plant in position. On top of the raft, six vertical wind turbines generate 300 kW, complemented by solar panels producing 50-80 kW, for a total output of around 1 MW. The average capacity factor is about 40 percent. The wave power plant operates like a garden pump. As the raft rises, water is pumped up and flows at high speeds to a Pelton turbine, generating electricity. The design uses proven technology with innovative elements, including a patented system in 20 countries. Sustainable power NoviOcean’s wave power technology, developed over several years, has been tested in wave pools and a real environment near Stockholm. A small version powers homes on Svanholmen island, proving the concept works at sea. On one square kilometer, 15 wave power plants can generate 15 MW, compared to offshore wind’s 10 MW. Combined, they can produce 25 MW, sharing the costs of the sea area and transmission cable. According to the firm, the hybrid approach delivers more consistent energy, as waves generate power for days after the wind subsides. Additionally, wave plants can be placed closer to shore without visually disturbing the coastline. NoviOcean’s next step is launching a full-scale pilot project, seeking partnerships with offshore wind companies to build a hybrid plant with wave turbines, wind turbines, and solar cells. Due to insufficient wave activity in Swedish waters, potential sites include the coasts of North and South America. However, Sweden could still benefit from electricity generated off Norway’s coast, where waves and wind are ideal, supplying green energy to regions like Östersund and Karlstad. The firm sees immense potential, but funding remains a challenge. NoviOcean has secured SEK 30 million in grants from the EU and Sweden and a green loan from Almi. The recent Startup4Climate win adds one million kroner. Skjoldhammer is looking forward to advanced funding and partnering with a wind power company to advance the technology further. Original article: https://interestingengineering.com/energy/hybrid-energy-raft-power-1000-homes-daily 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. How efficient is NoviOcean Hybrid Energy Converter (NHEC)? 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. What are the advantages of Noviocen HEC? 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. Why invest in NoviOcean? 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. What is the current project stage? 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. What are NoviOcean’s short-term goals? NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030. What are NoviOcean’s long-term goals? 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.
Jan Skjoldhammer’s Visionary Journey: From Airline Captain to Renewable Energy Innovator
Jan Skjoldhammer’s Visionary Journey: From Airline Captain to Renewable Energy Innovator Article by AllAroundWorlds.com – 08.31.2024 Welcome to a new and inspiring journey on AllAroundWorlds.com! Today, we invite you to explore the remarkable story of Jan G. Skjoldhammer, a visionary who has transitioned from a successful career as an Airline Captain to becoming a leading force in the renewable energy sector. With a background that includes business expertise, display piloting, and instruction, Jan’s journey is one of transformation, innovation, and an unwavering commitment to addressing the world’s energy challenges. In this article, you’ll dive into Jan’s unique path, starting from his early life and education, where his passion for aviation and entrepreneurship first took flight. Learn how his experiences in the skies, witnessing the unsustainable reliance on fossil fuels, fuelled his determination to create change. This determination led him to develop the Hybrid Ocean Energy Converter—a groundbreaking technology designed to harness the power of ocean energy in a way that overcomes the limitations of traditional renewable sources like wind and solar. As you continue reading, you’ll uncover how Jan’s company, NoviOcean, is pioneering this innovative solution, with three patent families across 20 countries and a technology that promises to transform the renewable energy landscape. Discover the challenges they’re tackling, from energy intermittency to market expansion, and gain insight into the strategies and growth plans that are positioning NoviOcean at the forefront of the global energy shift. Join us on this captivating journey, where you’ll not only learn about Jan’s visionary leadership and the groundbreaking technology behind NoviOcean but also gain valuable insights into the future of renewable energy and the impact it can have on our planet. Jan’s story is a testament to how passion, innovation, and a commitment to sustainability can drive meaningful change in the world The Beginnings of a Visionary Leader Can you tell us something about yourself, your early life, and your education? Jan is a former Airline Captain with a business degree. In addition to being a display pilot and instructor, he has seen many of his ideas transformed into successful products by other entrepreneurs. From Airline Captain to Renewable Energy Pioneer What led you to your current profession or field of expertise? After a successful venture in large-scale real estate investment, Jan decided to focus his time and resources on the Hybrid Ocean Energy Converter. He secured three patent families across 20 countries and advanced the technology to TRL 7. His motivation was fuelled by witnessing the unsustainable reliance on fossil fuels during long-haul flights and the success of several of his earlier invention ideas, which became market successes 15-25 years after he conceived them. The last of these ideas waiting to be realized was NoviOcean. Jan Skjoldhammer & Douglas A-26 Invader after Atlantic crossing, 1988 Previous slide Next slide An Overview of NoviOcean’s Mission Can you provide an overview of the business and its presence in the target market? NoviOcean is at the forefront of renewable energy innovation with our Hybrid Energy Converter, a project combining Wave, Wind, and Solar power. We hold three patent families across 20 countries and have reached TRL 7. Our design harnesses ocean energy to produce electricity while addressing the intermittency issues of wind and solar, reducing reliance on fossil fuels and costly battery storage. Our mission is to accelerate the transition to green power by offering solutions that deliver exceptional performance, lower LCOE, and up to 3-40 times the output compared to competitors. This positions us to significantly contribute to the offshore power industry’s Net-Zero goals. NoviOcean’s Unique Offerings What does your business offer in the current competitive market? Before diving into our offerings, it’s important to understand the challenges the global energy sector faces: Electrical consumption is expected to triple over the next two decades. Renewable energy is projected to account for 70% of total electricity generation by 2050. Current renewable sources like wind and solar struggle with energy intermittency, leading to a 40% energy gap and continued reliance on fossil fuels or expensive battery storage. NoviOcean’s Solution NoviOcean’s Hybrid Ocean Energy Converter effectively addresses this intermittency challenge, providing a more stable energy output. Key benefits include: Exceptional Efficiency: NoviOcean delivers an average output of 30 MWh/Ton, equivalent to 3,500 MWh/unit, enough to power 1,050 households. This is 3-40 times more efficient than competitors. High Return on Investment: With an estimated average output of 400 kW and a total investment of €12M to reach TRL7 (€3M already invested), our technology offers an average output of 31 kW per €M invested—5-50 times higher than competitors. To put in perspective, the most well-known and prominent competitor in this sector has spent 8 x the amount we need to complete TRL 7, for ¼ to 1/5´th the average output. Market Valuation: NoviOcean’s estimated output of 400 kW, divided by the valuation at the current funding round, shows a factor of 16, making it the best value in the market—4-40 times higher than competitors. Stable Energy Output: Our technology provides consistent energy, particularly when wind is low, capturing up to double the wholesale price. Innovative Design: NoviOcean is “The Hydro Power Plant at Sea”, built on simple, proven components, including a Pelton turbine, hydraulic cylinder, and floating body. Hybrid Option: Our 1 MW unit combines Wave (650 kW), Wind (300 kW), and Solar PVs (50 kW), benefiting significantly from shared infrastructure. Energy Density: Our system achieves 15-21 MW per km², double or more vs that of Offshore Wind, suitable for co-location or standalone operation. Cost Efficiency: Our lightweight, modular design uses off-the-shelf components, aiming for an LCOE below €100/MWh after producing just 100 units, below €70/MWh after 200 units, then lower. Generous grants and incentives make it profitable even at this early stage. Environmental and Economic Advantages: Double the Energy Output per Sea Area: This reduces the impact on adjacent industries like shipping and fishing and cuts CO2 emissions by up to 10,800 tons per unit annually. Stable Baseload: Our
The hybrid plant that combines wave, wind and solar power
The hybrid plant that combines wave, wind and solar power ANN-SOFIE BORGLUND Wave Power Meets Wind and Solar: A Hybrid Power Plant for the Future INNOVATION A wave power plant that can be combined with wind power and solar cells. Last autumn, the Swedish company NoviOcean by Novige won the Startup4Climate, competition with its innovative power plant. Now the company’s founder Jan Skjoldhammer hopes that the company can scale up the solution in collaboration with offshore wind farms. The NoviOcean wave power plant looks like a rectangular raft and will be 38 meters long in full size. The prototype inthe picture is only six meters long. Photo: NoviOcean by Novige. In mid-November, NoviOcean by Novige ‘s CEO Jan Skoldhammer stepped forward and accepted the Startup4Climate award together with the company Cemvision, which manufactures fossil-free cement.The jury fell for the combination of wave power, wind power and solar energy which complement each other. But succeeding in wave power is tough, many companies with wave power plants have failed in the past. What speaks for NoviOcean by Novige’s success, Jan Skjoldhammer believes, is the robust and simple technology and the fact that it is a hybrid that produces electricity from several energy sources. Six vertical wind turbinesThe Noviocean wave power plant looks like a rectangular raft and is 38 meters long and four meters high in full size. At sea, it should lie along the side of the waves. Underneath the power plant is a water-filled cylinder with a piston rod and cable that is connected to the seabed. In addition, there are four anchors out with the sides of the raft, to keep the power plant in the correct position at the surface. On top of the raft there are six vertically oriented wind turbines, which together have an output of 300 kW and solar panels of 50–80 kW. This gives a total effect of approximately 1 MW and an average effect, so-called capacity factor, of approximately 40 percent of this. – In the wave power plant itself, water is pumped in a circular flow in the cylinder. It actually works on the principle of an old garden pump. When the raft, which lifts with up to 600 tons, goes up, the water is also pumped up, says Jan Skjoldhammer and demonstrates with his hand what it looks like when the water is pumped in the same way as in a garden pump. – When the water has risen, it goes to a pelton turbine with up to 300 km/h and 800 liters per second. On the same axle is the generator that converts the kinetic energy into electricity. The components of the wave power plant are based simply on a raft, a garden pump and an upside-down hydropower plant, but of course we also have innovative technology to make this work optimally and the technology is patented in 20 countries, says Jan Skjoldhammer. NoviOcean by Novige CEO Jan Skoldhammer at the mini replica of the power plant, outside Lidningö. Photo: Novige. Tested at KTH Royal Institute of Technology in Stockholm The wave power technology has been developed over several years and has been tested in wave pools in England and France. It has also been tested for 24 months in a test rig at KTH and since a year ago it has been tested in a real environment outside Lidingö, in Stockholm. The power generated in the wave power plant goes to the houses on the small island of Svanholmen. – It is a miniature copy of the wave power plant, with solar panels on the top, and is only six meters long, but lifts about one ton. Here we see that the technology works at sea, as we have seen and validated in wave pools and in test rigs, says Jan Skjoldhammer. On one square kilometer we can place 15 wave power plants with an output of 15 MW of electricity, while offshore wind power has an energy density of 10 MW. Together we can get up to 25 MW and we can share the costs for the sea area. The idea with NoviOcean by Novige’s technology is to place a number of hybrid power plants in the vicinity of large-scale wind turbines and the electricity produced from these energy parks is transported to land through a common cable. Because there are several production units that use the same cable, it also results in a better economic calculation than if the owners of the wind turbines or wave power plants were to take on this entire cost themselves. At the same time, less sea surface is used and the receiver can get double the effect. – On one square kilometer we can place 15 wave power plants and they can have an effect of 15 MW of electricity, while offshore wind power has an energy density of 10 MW. Together we can get up to 25 MW and we can share the costs for the sea area and the cable to land, says Jan Skjoldhammer and continues: – It also gives a more even effect because the waves remain for several days after the wind has died down and then produce electricity during the time when the wind turbines are not producing as much. You can also put separate facilities at sea with only the wave power plant, which has the advantage over wind power that they can be located closer to land without visually disturbing the coastline. The total output for NoviOcean is 1 MW combining Wave power, Wind power and Solar Power. Illustration: Novige Simple and effective technology In many ways, NoviOcean by Novige’s wave power solution has the potential to be revolutionary for climate work and the energy transition, says Johan Lindehag, member of the jury and CEO at Ellevio. – Unlike other wave power, which is often both heavy and complicated, this is a solution that is both lighter and can produce a higher effect. It is simple and efficient, and it also adds solar panels and wind
NoviOcean : NOW OPEN FOR INVESTMENTS AND PARTNERSHIPS
NoviOcean : NOW OPEN FOR INVESTMENTS AND PARTNERSHIPS NoviOcean: Power Up Your Future Harnessing the Ocean’s Power: Introducing our revolutionary 1 MW Hybrid Wave, Wind & Solar Converter! Read More This game-changer doubles energy output from offshore wind farms while ensuring stable supply. Imagine regions powered by clean, consistent energy – that’s NoviOcean’s vision! We’re at TRL 7, on track for full-scale production. Join us as an investor or partner! Investment Highlights (3 years): *€3+3+3 million budget with potential 50% post-investment tax deductions. * Impact Investors: Participate in a globally scalable renewable system. * Partners: Secure production priority, discounts & marketing advantages. Unbeatable Efficiency: Lower costs than wind: starting < €250/MWh, reaching €100/MWh after 100 MW deployed, then lower. More power for less: €9 million delivers 3x the output of similar concepts. 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. How efficient is NoviOcean Hybrid Energy Converter (NHEC)? NoviOcean HEC delivers double the power output per sea area compared to solely wave energy. Its hybrid design (wave, wind, solar) and efficient use of infrastructure lead to a lower Levelized Cost of Energy (LCOE). What are the advantages of Noviocen HEC? 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. Why invest in NoviOcean? NoviOcean offers competitive development costs, with LCOE reaching €100/MWh after large-scale deployment. Investment benefits include attractive incentive programs, potential high profits, and participation in a scalable clean energy solution. What is the current project stage? 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. What are NoviOcean’s short-term goals? NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030. What are NoviOcean’s long-term goals? 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.
Bridge to Commercial Viability after first Pilot
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 : 370 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 costSwedish Export Credit Corporation issues bank guarantees for up to 90% of buyers financing needsSwedish 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. This game-changer triples energy output from offshore wind farms while ensuring stable supply. Imagine regions powered by clean, consistent energy – that’s NoviOcean’s vision! We’re at TRL 7, on track for full-scale production. Join us as an investor or partner! Investment Highlights (3 years): * €3+3+3 million budget with potential 50% post-investment tax deductions. * Impact Investors: Participate in a globally scalable renewable system. * Partners: Secure production priority, discounts & marketing advantages. Interactive Chart Call to Action 🌱 CURRENT FUNDING ROUND Raising 2.5 million for pilot deployment & early commercialization Structured as equity investment or partnership Targeting investors/partners aligned with renewable energy & infrastructure financing 🚀 NEXT MILESTONES Secure LOI for first deployment (Gran Canaria, India, Middle East) – In progress Finalize first PPA / BOO model – Target within 18 months Deploy first pilot unit – expected by Q5 2026 🤝 INVESTOR ENGAGEMENT Introductory meetings to discuss investment opportunities Deeper technical & financial review Join as an early-stage investor/partner with potential for high-growth returns Journey so far – Validation of Functionality & Technology Alta Wave 1000H Timeline STAGE 1 (TRL 1-3) 2016 – 2017- 2018 Concept Validation Prototype NoviOcean No1 Scale 1:7 COMPLETED STAGE 2 (TRL 4-5) 2019 – 2020- 2021 1:6 Scale Prototype 0.9 M€ COMPLETED STAGE 3 (TRL 6) 2022 – 2023- 2024 1:5 Scale Prototype 2 M€ COMPLETED STAGE 4 (TRL 7) 2025 – 2026- 2027 1:1 Scale Pilot Project 4 M€ STAGE 5 (TRL 8) 2028 – 2029- 2030 Pre-commercial Array COMMERCIAL (TRL 9) 2031 – 2032 Commercial Deployment Medi Wave 800H Timeline STAGE 4 (TRL 7) 2025-2026 1:1 Scale Pilot Project Project Costs 5 M€ STAGE 5 (TRL 8) 2027-2028 Pre-commercial Array Project Costs 5 M€ STAGE 6 COMMERCIAL (TRL 9) 2029 => Commercial Deployment Project Costs 5 M€ Key highlights – NoviOcean adheres to a globally recognized Product Build, Test, and Commercial Deployment Methodology (TRL) Prototype connected to a local grid powering a small island 24 Months in Test Rig at Royal School of Technology (KTH) 6 Weeks of Wave Tank Testing (UK and France) 18 Months testing in Actual Offshore Conditions Third Party Simulations validates the performance Triple Patents secured for 20 relevant markets** Design of Full-Scale Unit well underway Explore More Starting at 1/3´d the costs of wind power
NoviOcean Triumphs in StartUp4Climate Award, Secures 1M SEK Prize
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 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. How efficient is NoviOcean Hybrid Energy Converter (NHEC)? 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. What are the advantages of Noviocen HEC? 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. Why invest in NoviOcean? 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. What is the current project stage? 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. What are NoviOcean’s short-term goals? NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030. What are NoviOcean’s long-term goals? 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.
Novige is presented once more in the Startup4climate challenge
Innovating for a Greener Future: Novige Competes in Startup4Climate Challenge Join Novige in Accelerating the Energy Transition with NoviOcean Novige is presented once more in the Startup4climate challenge We are pleased to be a contestant in the Startup4climate competition, Sweden’s largest innovation challenge within the energy sector, organized by GodEl and Ellevio. The purpose of this challenge is to promote and support clean energy solutions and innovations that have the highest potential in accelerating the global energy transition. All innovations and startups in the competition are presented on We Don’t Have Time, a social network dedicated to increasing awareness about the climate crisis and its negative consequences. Winners of Startup4Climate will take home two million SEK to help speed up the development of their cleantech solution. Our profile on this platform reads: “When the wind is not blowing for ten days a month and when the sun is not shining, that is when fossils are burned the most, at the highest cost for the climate and the consumers. Exactly in the same days and hours is when wave energy delivers the most.” With the right support, we aim to reach a minimum global cumulative deployed capacity of 4 GW by 2050 for NoviOcean, (10% of the target set by the European Commission). According to our estimations, this target roughly amounts to 12 € Billion in sales, providing the perfect opportunity for one or maximum two global partners and/or VCs to enter this vast market with us for the best of the climate. Read more about our mission, targets, and strategies in our recent post here. By voting (agreeing) to us here, you will help us reach the goal of “Saving the climate with profitable wave power” faster. We intend to mitigate the climate crisis massively by changing from wind+solar+fossils to wind+solar+wave power. Intermittent green energy at large scales, plus expensive and non-sustainable storage+fossils will not stop the climate crisis… we plan to change that! The Startup4Climate competition is open to your votes and comments until 11 September 2022 and the winners will be presented in connection with We Don’t Have Time’s live broadcast at the UN climate conference COP27 in Sharm El Sheikh, Egypt in November 2022. NoviOcean Advantages Wave Energy Our Journey Future Goals Investor Portal 1 MW Hybrid Solution650 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! Click here Click here Click here Click here Click here Click here NoviOcean WECClean, Efficient, Affordable. AdvantagesClean, low-cost energy. Wave EnergyConsistent and high density renewable energy. Our JourneyFrom idea to clean energy revolution. Future GoalsExpanding clean energy, reducing costs. Investor PortalJoin us in shaping a sustainable future Previous Next
Novige is selected as a ‘’Top 25 Company of the 11th Nordic Cleantech Open’’
Breaking Ground: Novige Named Top 25 Company of the 11th Nordic Cleantech Open Join Novige at the Nordic Camp Event to Explore Cleantech Innovation with NoviOcean Novige is selected as a ‘’Top 25 Company of the 11th Nordic Cleantech Open’’ Just a few days after being announced for the list of “The Nordic Top 50 Impact Companies”, we were once again selected as one of the ‘’Top 25 Companies of the 11th Nordic Cleantech Open’’. As one of the “Top 25 Most Innovative Start-Ups”, we are looking forward for the opportunity to show impact and cleantech investors why NoviOcean is “the right solution at the right time in history” during the Nordic Camp event in Malmö (19-21 September). NoviOcean Advantages Wave Energy Our Journey Future Goals Investor Portal 1 MW Hybrid Solution650 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! Click here Click here Click here Click here Click here Click here NoviOcean WECClean, Efficient, Affordable. AdvantagesClean, low-cost energy. Wave EnergyConsistent and high density renewable energy. Our JourneyFrom idea to clean energy revolution. Future GoalsExpanding clean energy, reducing costs. Investor PortalJoin us in shaping a sustainable future Previous Next