Benchmarked at the Shenzhen Innovation & Entrepreneurship International Competition
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 9 December 2024 Benchmarked at the Shenzhen Innovation & Entrepreneurship International Competition NoviOcean took first place in the Swedish final of the 8th China (Shenzhen) Innovation & Entrepreneurship International Competition, then placed in the global marine-energy category and the global final. NoviOcean at the Shenzhen IEIC finals, December 2024. The competition is judged by a panel of investors, professors and scientists. The 8th China (Shenzhen) Innovation & Entrepreneurship International Competition ran its national and global finals through 2024. NoviOcean entered in marine energy and was assessed, as every entrant was, by a panel of investors, professors and scientists. The result Three placings, from the Swedish final through to the global final. externally validated First place — Sweden final. Second place — marine energy, global category. Tenth place — global final, all sectors. NoviOcean’s public record now stands at five competition wins from five entries. externally validated Alongside Shenzhen there are Startup 4 Climate (Winner, 2023), the Guldstänk Innovator of the Year award, the Stena Line Propeller Prize 2021 and Sweden’s Mission Innovation Champion title. The European Commission’s Seal of Excellence sits beside them as a quality award in a non-competition category — it is not a competition win, and NoviOcean does not present it as one. The full record is on Awards & Support. What a competition result is, and what it is not An independent panel with no stake in the outcome read the engineering and the business case and ranked them against a large field. That is worth something, and it is the reason this result is published. It is not technical validation. Recognition tells you that experienced people found the concept credible; it does not tell you that hardware performed at sea. The evidence for that — tank testing, rig testing, fourteen months of offshore operation at Svanholmen measured, and how closely measurement and model agree — is set out on Validation, and the two are deliberately kept apart. What comes next The original December 2024 post said NoviOcean was proceeding to the construction, deployment and testing of a full-scale 1 MW hybrid converter. Two things have been made explicit since, and they matter more than the headline: The 1 MW machine is the Alta Wave 1000H, a future specialised solution for very high-energy wave regions. NoviOcean’s current product, pilot and commercialisation pathway is the Medi Wave 850H, rated 850 kW — 300 kW wave, 350 kW wind, 200 kW solar. management estimate The sequence is dated. The NO3 triple-hybrid demonstrator is the current stage (2026, TRL 6–7). The full-scale Medi Wave pilot is the next major phase, planned for 2027–2028 at TRL 7–8. projected Nothing full-scale is in the water today. Conversations about that pilot — with utilities, island operators, shipyards and investors — are open. Start one through Book a Meeting, or read the current position on Investor Relations. Note on figures. This piece is adapted from a NoviOcean post published on LinkedIn in December 2024. The applicant and finalist counts quoted at the time have been removed, because two NoviOcean sources give different figures for them; the placings themselves are unchanged. The 1 MW converter is named as the model it is, and the programme dates are stated so that nothing reads as already operating. Every remaining figure carries the evidence label NoviOcean uses across the site, and the complete list of changes is recorded in the review block at the foot of this file. Platform images on this page are for illustration only — the actual design is shared in closer dialogues. Adapted for the web from the NoviOcean post on LinkedIn, 9 December 2024. Figures have been reconciled with what NoviOcean publishes today. Continue Three places this piece points to. Validation The evidence behind the claims Prototype history, tank and rig testing, fourteen months offshore, and what NO3 validates now — and what it does not. Awards & Support Five wins from five entries The competition record, the funders behind the programme, and what recognition is and is not. Technology Medi Wave 850H The current product: 850 kW of wave, wind and solar from one floating structure. All insights and news Want the evidence rather than the trophies? Awards say the idea convinced an independent panel. The offshore data, the model correlation and the pilot plan are what we bring to a 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.
Floating energy platform could change way you get power in future | Fox News
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 Media coverage 23 October 2024 Floating energy platform could change way you get power in future | Fox News Revolutionizing renewable energy from sun, wind, waves For illustration only — the actual design is shared in closer dialogues. Article by www.foxnews.com/ – Oct 21, 2024 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. For illustration only — the actual design is shared in closer dialogues. 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 of 40%, 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 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. Originally reported by Fox News, 21 October 2024, and published to noviocean.energy/ on 23 October 2024. Related Technology How it works From a rising float to a Pelton turbine, and why three sources share one structure. Product Medi Wave 850H The current product: 850 kW of wave, wind and solar on one floating platform. Evidence Validation What has been tested, when, and what the next phase actually is. See the platform the coverage was describing. The technical explainer, the offshore record and an illustrative scenario for your own sector are all a click away — or take it straight to a conversation. 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
Hybrid energy raft could power 1000 homes a day with wave, wind, solar
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 Media coverage 22 October 2024 Hybrid energy raft could power 1000 homes a day with wave, wind, solar The power plant is a 38-meter raft with wind turbines and solar panels, generating about 1 MW with a 40% capacity factor. For illustration only — the actual design is shared in closer dialogues. Hybrid energy raft could power 1,000 homes a day with wave, wind, solar Article by Interestingengineering.com — Oct 03, 2024 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 raft. It lies along the waves, with a water-filled cylinder underneath connected to the seabed via a piston rod and cable. 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. For illustration only — the actual design is shared in closer dialogues. 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. Wave Power Meets Wind and Solar: A Hybrid Power Plant for the Future 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 Originally reported by Interesting Engineering, 3 October 2024, and published to noviocean.energy/ on 22 October 2024. Rebuilt in the V2 design; the wording is the original article. Related Product Medi Wave 850H The 850 kW platform, its rated split and what stays project-dependent. Application Desalination & Water Security Fresh water instead of exported electricity, from the same structure. Tool Simulator Build an illustrative array scenario for a sector, with the assumptions on screen. Run the numbers for your own site. The simulator gives an illustrative scenario in a minute. A site-specific assessment, using measured wave, wind and irradiation data, takes a conversation. 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
From Aviation to Sustainability: Jan G. Skjoldhammer’s NoviOcean Revolutionizes Renewable Energy
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 Media coverage 9 October 2024 From Aviation to Sustainability: Jan G. Skjoldhammer’s NoviOcean Revolutionizes Renewable Energy We recently had the privilege of interviewing Jan G. Skjoldhammer, Founder and CEO of NoviOcean. As a visionary leader of the energy sector, Jan is committed to addressing the global challenges of energy sustainability through cutting-edge technology. With a shift in career from aviation to being a leader in the field sustainability, Jan’s career journey is truly inspirational. The 1:6 prototype and its hydraulic power take-off — proven components, in a new arrangement. From Aviation To Sustainability: Jan G. Skjoldhammer Leading The Charge In Sustainable Energy With NoviOcean Article by Entrepreneurmirror.com — 10.09.2024 With NoviOcean, Jan is revolutionizing the energy landscape by providing stable and profitable ocean energy solutions to eight key global sectors, vital to reducing operational costs and carbon footprint. Early Life and Educational Background We started the interview by asking, “Can you walk us through your professional journey and how it led to where you are today?” Jan G. Skjoldhammer shared, “I started my career as an Airline Captain with a degree in business. With combined aviation expertise and entrepreneurial spirit, and after a successful large real estate investment, I focused on developing the Hybrid Ocean Energy Converter, securing 3 patent families across 20 countries and advancing it to TRL 7. Witnessing aviation’s unsustainable fossil fuel reliance and past inventions’ delayed success sparked my motivation. Now, I’m dedicated to bringing NoviOcean to life, transforming renewable energy and reducing carbon dependence. With a proven track record of innovation, I’m poised to make a lasting impact in the clean energy landscape.” Adaptability Amidst Challenges Every field is filled with inevitable challenges. To learn more about the obstacles present in Jan’s sector, we asked, “Reflecting on your career, what have been some of the most significant challenges you’ve faced, and how did you overcome them?” Jan G. Skjoldhammer shared, “The energy sector is facing significant challenges, particularly with electrical consumption projected to triple by 2040. This growing demand puts pressure on our existing infrastructure and resources. While we’re making progress in renewable energy, with sources like solar and wind expected to comprise 70% of global electricity generation by 2050, we still face a major hurdle – intermittency. Current technologies struggle to provide a consistent supply, resulting in a substantial 40% energy deficit. This shortfall means we’re forced to continue relying on fossil fuels or giant and costly battery storage solutions, which hinders our transition to a sustainable energy landscape.” Current Offerings at NoviOcean We were interested to learn more about the services offered by Jan G. Skjoldhammer’s company and how it sets a unique position in the market. So, we asked, “Tell us more about your services and if you are planning to add something new in the future.” For illustration only — the actual design is shared in closer dialogues. “At NoviOcean, we effectively address the challenges of this field, providing a more stable energy output. […] Moreover, we provide stable energy output, capturing up to double the wholesale price, through its innovative hybrid design combining wave, wind, and solar PVs. With high energy density, twice the energy of offshore wind from the same sea area, and a cost-effective approach, NoviOcean transforms the renewable energy landscape.” Jan added. Harnessing Innovation to Tackle Global Energy Challenges To learn how Jan includes technological advancements in business operations, we asked, “How does your approach to innovation and scaling enable NoviOcean to address global challenges?” “Our focus is on solving real-world problems, as we do with energy intermittency. At NoviOcean, we’re driven to solve complex global challenges through cutting-edge innovation. We protect our ideas with patents, prove our concepts in real-world conditions, and build strong partnerships to help us scale. Skilled talent is crucial to our success, and our team’s broad expertise has been a game-changer in bringing our technology to the world. By leveraging patented technologies, real-world testing, and strategic partnerships, we scale impactful solutions. Our team of experts propels the mission and enables us to bring transformative technologies to market, driving meaningful change and a sustainable future.” He responded. Employee Empowerment Ensuring client satisfaction and engagement is the key to a successful business. So, we asked, “What strategies do you implement to maintain high levels of employee engagement and satisfaction?” Jan G. Skjoldhammer replied, “At NoviOcean, we cultivate collaborative excellence by integrating diverse expertise. Our multidisciplinary team comprises PhDs, master’s degree holders, experts in Engineering, Procurement, Construction, and Operations, as well as business development and contractual negotiations professionals. Our board brings together renowned specialists in Energy Transition, Offshore Works, Sustainability, and transforming innovative ideas into successful products and business models. By celebrating successes and learning from challenges at NoviOcean, we build resilience and strengthen team bonds, ensuring well-rounded project outcomes and innovative solutions. The fact that we are working on solving one of present time’s largest challenges; to mitigate climate change, this is what drives me to work long hours, as well as keeping the enthusiasm high within the team.” Employee Empowerment We ended the interview by asking, “How do you want your business to be remembered, and what steps are you taking to secure that legacy? “At NoviOcean, we’re
The hybrid plant that combines wave, wind and solar power
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 Media coverage 10 March 2024 By Ann-Sofie Borglund The hybrid plant that combines wave, wind and solar power Wave Power Meets Wind and Solar: A Hybrid Power Plant for the Future The NoviOcean wave power plant looks like a raft and will be 38 meters long in full size. The prototype in the picture is only six meters long. Photo: NoviOcean by Novige.For illustration only — the actual design is shared in closer dialogues. Published as Novige AB. The company is now NoviOcean AB. 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. 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 turbines The Noviocean wave power plant looks like a 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:
NoviOcean : NOW OPEN FOR INVESTMENTS AND PARTNERSHIPS
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 7 March 2024 NoviOcean : NOW OPEN FOR INVESTMENTS AND PARTNERSHIPS NoviOcean: Power Up Your Future The development-stages diagram published with the original post, March 2024. For illustration only — the actual design is shared in closer dialogues. Harnessing the Ocean’s Power: Introducing our revolutionary 1 MW Hybrid Wave, Wind & Solar Converter! 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: Stage A ~4–8 c€/kWh, falling to 2–5 c€/kWh at 200–1,000 units. For illustration only — the actual design is shared in closer dialogues. 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 falling to 2–5 c€/kWh at 200–1,000 units. 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. Originally published on noviocean.energy/ on 7 March 2024 as “NoviOcean : NOW OPEN FOR INVESTMENTS AND PARTNERSHIPS”. The text above is the original post, reproduced from the WordPress export, with two cost figures corrected against NoviOcean’s current published figures — both marked in place, both listed at the foot of this file. It is a March 2024 announcement: current terms are handled through Investor Relations. Related Company Investor Relations The capital-efficient route to full-scale validation, and how to request the investor package. Next step Book a Meeting Project, investor or strategic-partner — three routes, one calendar. Evidence Validation The development journey and what the current demonstrator does and does not validate. Start with a conversation, not a data room. Investor material is dated, controlled and shared after a first meeting. Tell us which side you are on and we will bring the right people. 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.
Bridge to Commercial Viability after first Pilot
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 7 March 2024 Bridge to Commercial Viability after first Pilot NoviOcean’s Strategy for Cost-Competitive Wave Energy. For illustration only — the actual design is shared in closer dialogues. 650 kW Wave, 300 kW Wind, 50 kW Solar.(40% Capacity Factor | 3.5 GWh /unit/year) 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 doubles the energy from the same sea area compared with offshore wind while ensuring stable supply. Imagine regions powered by clean, consistent energy – that’s NoviOcean’s vision! We’re at TRL 6–7, 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. 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 – the next major phase, planned for 2027–2028 🤝 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- 2018Concept ValidationPrototype NoviOcean No1 Scale 1:7COMPLETED STAGE 2 (TRL 4-5)2019 – 2020- 20211:6 Scale Prototype0.9 M€COMPLETED STAGE 3 (TRL 6)2022 – 2023- 20241:5 Scale Prototype2 M€COMPLETED STAGE 4 (TRL 7)2025 – 2026- 20271:1 Scale Pilot Project4 M€ STAGE 5 (TRL 8)2028 – 2029- 2030Pre-commercial Array COMMERCIAL (TRL 9)2031 – 2032Commercial Deployment For illustration only — the actual design is shared in closer dialogues. Medi Wave 850H Timeline STAGE 4 (TRL 7)2025-20261:1 Scale Pilot ProjectProject Costs5 M€ STAGE 5 (TRL 8)2027-2028Pre-commercial ArrayProject Costs5 M€ STAGE 6 COMMERCIAL (TRL 9)2029 =>Commercial DeploymentProject Costs5 M€ For illustration only — the actual design is shared in closer dialogues. 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) 14 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 lower costs than wind power < €250/MWh, reaching €20–50/MWh at 200–1,000 units deployed, continuing down 2x power-to-weight ratio vs Offshore Wind , therefore way better energy-to-cost potential Revolutionize offshore energy with our 1 MW Hybrid Converter! Doubles the energy from the same sea area & stabilizes energy supply. Invest in a scalable & cost-effective renewable solution. Enjoy production priority, discounts & marketing advantages as a partner. F.A.Q. NoviOcean’s innovative Hybrid Energy Converter (Alta/Medi Wave) 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 (Alta/Medi Wave)? NoviOcean (Alta/Medi Wave) 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 (Alta/Medi Wave)? Noviocean (Alta/Medi Wave) 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 €55/MWh after only 50 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
Novige is selected as a ‘’Nordic Top 50 Impact Company – 2022’’
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 7 February 2024 Novige is selected as a ’’Nordic Top 50 Impact Company – 2022’’ We are glad to be selected as one of the Nordic Top 50 Impact Companies by the One Initiative. The list comprises of the top 50 promising Nordic and Baltic impact start-ups of 2022. Published as Novige AB. The company is now NoviOcean AB. The team has been invited to Nordic Impact Business Summit 12-13 September 2022 at Nordea HQ in central Copenhagen to talk about our solution for “saving the climate with profitable wave power” with several Nordic and global investors and venture capital organizations. We will also discuss how wave energy, and particularly, NoviOcean can substitute fossils and unsustainable storage when the wind is not blowing and the sun is not shining, when the costs are the highest for the consumer and the climate. We look forward to meeting Nordic and global investors with interest in renewable ocean energy solutions that want to join us in this exciting journey toward making a more sustainable energy future for all. Originally published on noviocean.energy/, 7 February 2024. The body is the original post text, reproduced from the WordPress export; no figure in it was changed. Related on this site CompanyAwards & SupportThe recognition record in full, and what it is and is not evidence of. ValidationThe development journeySix stages, offshore testing, and what NO3 validates now. ApplicationsWhere the platform is usefulIslands, data centres, desalination and aquaculture — the four priority markets. Want the impact case with its assumptions attached? The life-cycle study and the production model behind these figures are shared in conversation, dated and in context. 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 NO2 Prototype in Action | Site Visit Highlights | May 2022
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 7 February 2024 NoviOcean NO2 Prototype in Action | Site Visit Highlights | May 2022 We are excited to present to you shortly about NoviOcean and how we intend to improve the marine energy landscape through our unique yet profoundly simple solution. Published as Novige AB. The company is now NoviOcean AB. The still published with the original post — the NoviOcean NO2 prototype during the May 2022 site visit. The video was recorded during our public site visit (20th and 24th May 2022) in Stockholm in which we presented the NoviOcean NO2 prototype and our latest achievements. Various representatives from the EU Commission, industry actors, academia, newspapers, technical magazines, political parties, NGOs, and young researchers kindly joined us. We talked more about NoviOcean and all the attendees got a chance to take boat trips to watch the unit up close and in action. In this video, you will hear about our technology, mission, current achievements, and future plans from Jan Skjoldhammer (Novige’s Founder/CEO) and Danial Hassani (Novige’s COO). You can also hear what Göran Öfverström (Head Research Investment & Strategy Soya Group/Wallenius Lines) thinks about our innovation and what we intend to bring to the ocean energy sector. Follow us to hear more about our latest developments and how we plan on “saving the climate with profitable wave power”. Originally published on noviocean.energy/ on 7 February 2024 as “NoviOcean NO2 Prototype in Action | Site Visit Highlights | May 2022”. The text above is the original post, reproduced from the WordPress export. Video on the NoviOcean YouTube channel. Related on this site ValidationOffshore testing, stage by stageWhat each prototype proved, what NO3 validates now, and what comes next. TechnologyHow it worksFrom buoyancy and a trapped column of air to a Pelton turbine. TechnologyMedi Wave 850HThe full-scale machine the prototypes are working towards. Seen the prototype? Ask about the pilot. The offshore test record, the model-correlation work and the plan for the full-scale pilot are best discussed directly. 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.
Novige AB receives a multi-million EUR grant to build its first full-scale 500 kW pilot Wave Energy Converter (WEC)
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 7 February 2024 Novige AB receives a multi-million EUR grant to build its first full-scale 500 kW pilot Wave Energy Converter (WEC) Novige AB received a 2.1 million EUR grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the LIFE programme to design, build, deploy, test, and certify its first full-scale pilot WEC unit, NoviOcean NO500 in an offshore test site by 2025/26. Published as Novige AB. The company is now NoviOcean AB. NoviOcean WEC (rated at 500 kW) will utilize a low-weighted float and well-proven parts to produce clean/stable electricity at a commercially viable cost. Simple design, less use of materials, and recyclability, along with an effective global licensing strategy will facilitate local manufacturing, operation, and decommissioning using readily available resources. More details on the upcoming stages of building and deployment of the pilot unit will be disseminated on a continued basis to various project stakeholders. For more information on the context and progress of the LIFE NOVIOCEAN project, please visit our dedicated project page. Originally published on noviocean.energy/, 7 February 2024. The body is the original post text, reproduced from the WordPress export; the single figure changed is listed at the foot of this file. Related on this site ValidationThe development journeySix stages, marked completed, current and future — with the pilot in its real place. CompanyInvestor RelationsThe funding rail, the capital-efficient route, and how to request the package. TechnologyMedi Wave 850HThe current design basis: 850 kW from wave, wind and solar on one structure. Want the current plan, not the 2021 one? The programme status, the pilot schedule and the funding position are shared in conversation, dated and in context. 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.