Economic success gave chance to change the energy industry
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 Insight 4 February 2024 Economic success gave chance to change the energy industry Jan Skjoldhammer’s Vision to Transform Energy with Innovation and Sustainability For illustration only — the actual design is shared in closer dialogues. Published as Novige AB. The company is now NoviOcean AB. After an economic success at a land deal, the plan was crystal clear for the environmentally engaged airline captain Jan Skjoldhammer. Instead of settling down, or continuing to fly, he decided to do something more meaningful with his time and capital. He would develop an innovative and revolutionary wave energy converter (WEC) with the potential to change the entire energy industry. Given Jan’s background as a pilot, he has a burning passion as well as deep expertise in engines, technology, the sea, and large powerful machines. This, combined with both his willingness and ability to contribute to technical solutions, initiated the idea of a high-performing wave energy converter. Wave energy technology, as such, is not new; it has been experimented with for a few hundred years but without any remarkable success. Other wave energy converters are, of course, out there, but usually, they are too heavy, fragile, complex, and expensive to manufacture, and above all, they provide far too little electrical energy. – I decided on a completely different approach with the conviction that to succeed, it must be lighter than others, to bring down the cost and to keep it so high in the water that it is not torn by the waves. Likewise, it should be simple, based on well-known technologies, have few parts, and have high efficiency, and not the least, be inexpensive in relation to its output, says Jan Skjoldhammer. With an awareness that solar and wind power will not suffice for the increased energy demand as well as the knowledge about the oceans’ potential, the foundation for the NoviOcean wave energy converter by Novige was established. – I and the team are convinced that different technologies complement each other, which is a must if we are to solve the climate challenges and the problems surrounding energy access, concludes Jan Skjoldhammer. Originally published on the NoviOcean news archive, 4 February 2024. The original wording is reproduced here unchanged. Related CompanyAbout NoviOceanWhy a systems integrator, and what the founder set out to do. FundingAwards & SupportThe grant funders, the public support and what recognition is not. InvestorsInvestor RelationsThe capital-efficient route to full-scale validation, and how to start a conversation. The next phase is a full-scale pilot, not a prototype. Investors, utilities and project developers each get a different conversation about how that gets built. Start with 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.
Application Mission Innovation Champion
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 Insight 4 February 2024 Application Mission Innovation Champion 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. For illustration only — the actual design is shared in closer dialogues. F.A.Q. 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 customer LCOE of about 4–8 c€/kWh at the first commercial units, falling to 2–5 c€/kWh at 200–1,000 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 6–7), with the 1:1 scale pilot as the next phase, 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. Published in the NoviOcean news archive on 4 February 2024, from the company’s Mission Innovation Champion application material. The original wording is reproduced here; the two marked corrections are listed at the foot of this file. Related TechnologyHow it worksFrom a rising float to a Pelton turbine, in five steps. ProductMedi Wave 850H300 kW wave, 350 kW wind, 200 kW solar — 850 kW from one structure. Try itInteractive simulatorPick a market, set the array size, see an illustrative scenario. The questions have not changed. Ask them in person. A first conversation covers the site, the configuration and what would have to be true. Project, investor and partner routes are all open. 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.
NoviOcean NO1 Prototype (by Novige AB) during Tank Testing
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 Video 4 February 2024 NoviOcean NO1 Prototype (by Novige AB) during Tank Testing Exploring NoviOcean’s Innovation in the COAST Laboratory under EU Funding Published as Novige AB. The company is now NoviOcean AB. The illustration published with the original post. For illustration only — the actual design is shared in closer dialogues. In this video, we show you a glimpse of the rigorous tests on our NO1 prototype in the highly equipped COAST Laboratory Ocean Basin, Plymouth, UK, under the MaRINET2 initiative. The tests were performed during two weeks of March 2020. The research leading to these results has received funding from the European Union Horizon 2020 Framework Programme (H2020) under grant agreement no 731084. Originally published on noviocean.energy/ on 4 February 2024 as “NoviOcean NO1 Prototype (by Novige AB) during Tank Testing”. The text above is the original post, reproduced from the WordPress export. Video on the NoviOcean YouTube channel. Related EvidenceValidationThe six development stages, offshore testing, NO3 scope and model validation. TechnologyHow it worksThe float, the pressure, the hose and the Pelton turbine. ArchiveInsights & NewsCompany news, media coverage, videos and selected reports in one place. Scale evidence is on the record. The full-scale pilot is next. The measurement history, the model it feeds and the plan for the first customer pilot are all worth a conversation. Bring us a site, or bring us questions. 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.