NoviOcean vs. Competitors
Unveiling the Superior Advantages of NoviOcean in Ocean Energy Extraction
These common concepts work primarily by resisting the moving water particles
Note 1. Output per Tonne shows the Cost effectiveness/Tonnes of Material, normally Steel.
Note 2. For the sake of Simplicity, we have assumed all Solutions have reached TRL7
These common concepts work primarily by resisting the moving water particle
ROTATING MASS
POINT ABSORBER
BULGE WAVE
OVERTOPPING, TERMINATOR DEVICE
OSCILLATING WAVE SURGE CONVERTER
OSCILLATING WATER COLUMN
How effective are they?
The average power or Capacity Factor is what that generates revenue, not the rated power which might be reached only once a month. This is a major differentiator between NoviOcean and its competitors.

Source

Comparing the effect of particles vs. buoyancy

We are happy to provide the calculation on request

NoviOcean’s lifting force by buoyancy is 600 tons in four-meter waves for a float net area of 260 sq. meters (38 x 8 m)

 

As graph shows, the solutions not using buoyancy need about 30x larger area to create a similar force. This equals about 8 000 sq. m or 800 x 10 meters, which will be far too heavy and costly

 

To extract the needed high amounts of energy per ton of material in the ocean, buoyant concepts are in our opinion the
only realistic solution. The others are simply way too costly vs output

Ratio of area needed for particles (1) vs. buoyancy (2)
Wave height [m]
These concepts work by utilizing the buoyancy force (Archimedes law) (2)
• Huge lifting force will be possible relative to size and weight
• Then two types to choose from:
Round Point Absorber (Typical Solution) 1
Rectangular Point Absorber (NoviOcean) 2

Rectangular Point Absorber (NoviOcean)

Which to choose , Round or Rectangular ?
Which to choose , Cogwheels or Hydro Power?
Which to choose , Resonant or Non-resonant ?

NoviOcean

• To extract 3-10 times more power per unit,
• To be economical and with low LCA,
• To provide stable and secure energy,
• To last for 10 000 cycles per day,
• To have high survivability (being high in the water with low relative surge forces),
• To achieve similar costs per MWh as offshore wind before 50 MW deployed,
• And to achieve a carbon payback time of less than two years,

An effective Wave Energy Converter (WEC) needs to:

• Use buoyancy with a rectangular float shape,
• Be attached to the seafloor to fully extract the lifting force,
• Use the well-proven hydraulic cylinder to take the huge load,
• Use a hydropower plant concept to convert the slow wave motion to high-speed rpm,
• Be non-resonant and hit every wave, also the longer ones, with a simple system

Conclusion

We believe there is only one logical answer to these requirements:

NoviOcean

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NoviOcean

• To extract 3-10 times more power per unit,
• To be economical and with low LCA,
• To provide stable and secure energy,
• To last for 10 000 cycles per day,
• To have high survivability (being high in the water with low relative surge forces),
• To achieve similar costs per MWh as offshore wind before 50 MW deployed,
• And to achieve a carbon payback time of less than two years,

An effective Wave Energy Converter (WEC) needs to:

• Use buoyancy with a rectangular float shape,
• Be attached to the seafloor to fully extract the lifting force,
• Use the well-proven hydraulic cylinder to take the huge load,
• Use a hydropower plant concept to convert the slow wave motion to high-speed rpm,
• Be non-resonant and hit every wave, also the longer ones, with a simple system

Conclusion

We believe there is only one logical answer to these requirements:

NoviOcean

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F.A.Q.

NoviOcean’s innovative Hybrid Energy Converter (NHEC) harnesses the combined power of wave, wind, and solar energy. This groundbreaking technology delivers efficient and cost-effective renewable energy, paving the way for a sustainable future. 

NoviOcean HEC delivers double the power output per sea area compared to wind power. Its hybrid design (wave, wind, solar) and efficient use of infrastructure lead to a lower Levelized Cost of Energy (LCOE) in early evolution.

Noviocean HEC is easy to produce, install, and maintain due to its modular design and well-proven parts. It boasts a low environmental footprint and superior power-to-weight ratio compared to offshore wind.

NoviOcean offers competitive development costs, with LCOE reaching €100/MWh after only 100 units deployed, then lower. Investment benefits include attractive incentive programs, expected high profits, participation in a meaningful and scaleable clean energy solution, and not the least, extremely positive marketing effects for partners and users.

NoviOcean is in Stage 4 (TRL 7), developing a 1:1 scale pilot to demonstrate real-world performance and pave the way for commercial deployment.

NoviOcean aims to deliver stable ocean energy at a lower cost than offshore wind and secure 0.5 GW of contracted capacity by 2030.

NoviOcean envisions having 10 GW deployed by 2050, capturing 25% of the EU's 2050 target and generating €30 billion in sales within Europe alone. The global market potential is three times larger.