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Empowering a Sustainable Future
NoviOcean,delivering stable, profitable ocean energy to eight independent global sectors, each critically in need of reducing costs and carbon emissions.
Introducing NoviOcean
  • Producing 3 500 MWh / unit / 1050 households 3- 40 times better than competition
  • 31 kW Output/Per Mn EUR. Invested @TRL 7 5-50 times better than competition
  • 24/7: 16 kW Output/Valuation (Best Buy) 4 - 40 times better than competition
  • < €3.6 million : The CAPEX (capital expenditure) of NoviOcean's initial unit.
  • < €2 million , The CAPEX after 100 units.
NoviOcean Alta Wave 1000H Hybrid Energy Converter
“The day before something is truly a breakthrough, it’s a crazy idea.”
Peter H. Diamandis
Hybrid Energy Converter
Wave, Wind, Solar.
Maximizing output with shared float, moorings, and infrastructure for wave, wind, and solar—unlike others needing separate structures
3 patent families covering 20 countries
(52 approved, 7 pending)
  • Double the Power Output per Sea Area
  • Co-locating with Offshore Wind Parks
  • Stable Off-phased Energy Supply
  • To extract 3-10 times more power per unit
  • To last for 10 000 cycles per day
  • Have high survivability (being high in the water with low relative surge forces)
  • Use the well-proven hydraulic cylinder to take the huge load
  • 24/7 Energy Output, Bridging the Intermittency Gap (40 – 70% Capacity Factor)
  • 600 tons: The lifting force of NoviOcean's technology, 10 000 times per day.
  • 1 000/400 kW: The power output of NoviOcean's technology in optimum/medium conditions.
NoviOcean Medi Wave 800H Hybrid Energy Converter
Powering 40% of the World's Coastlines with Revolutionary Hybrid Technology.
NoviOcean Medi Wave 800H
Lowest cost, stable power, lighter & easier install: NoviOcean 800H. Unmatched offshore efficiency.
  • Powers 40% Coastlines: Specifically designed for prevalent, less powerful wave conditions globally.
  • Lowest Offshore Energy Cost: Achieves LCOE as low as €22/MWh at scale
  • Stable Power, Minimal Storage: Hybrid design ensures consistent energy output, reducing storage needs.
  • Durable 40-Year Lifespan: Long-lasting structure and wave power components for sustained performance.
  • Unmatched Efficiency: Hybrid innovation delivers superior performance compared to standalone offshore solutions.
The unit consists of:
  • Triangular Floating Structure with PTO, measuring 60x30 meters, only 120 tonnes
  • 14-16 separate floats, 5 x 2.5 meters, lifting up to 21 tons each, 300 kW
  • Seven 50 kW Vertical Axis Wind Turbines in the rear, 350 kW
  • 1 000 sqm of Solar Panels on top, 225 kW
  • Rated power 800 kW+
Due to confidentiality and patents not fully investigated, we can not show all here. After signed NDA some more can be revealed.
More info about Medi 800H
Maximizing Wave Energy: Covering 80% of Global Coastlines with Alta & Medi

NoviOcean’s Alta Wave 1000H and Medi Wave 800H solutions together cover 80% of the global coastline, unlocking massive wave energy potential. Alta Wave is designed for high-wave regions, covering 40% of coastlines, while Medi Wave targets medium and small-wave areas, covering another 40%. These two solutions deliver clean, reliable electricity at a lower cost than other offshore renewable sources. With a lighter structure and smaller sea footprint, they require 1/3 of the mass and sea area per output compared to offshore wind and 1/5 compared to floating solar, making them the most efficient choice for ocean-based renewable energy.

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Awards
EUR 10 000 Prize Money
EUR 90 000 Prize Money
EUR 90 000 Prize Money
EUR 10 000 Prize Money
Now open for Investments and / or TRL 7 Pilot Project Partnerships Proposal for Pilot Partnership

We need you! (For financing)
You need us! (To fight climate change)

We need you! (For financing)
You need us! (To fight climate change)

Welcome to requests data for your specific market focus
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1 MW Hybrid Solution
  • 650 kW Wave, 300 kW Wind, 50 kw Solar | 52 000 MWh/Year per km2
  • 40% Capacity Factor in medium location
  • Measuring 38 x 9 x 4 / 12 meters Weight 140 tons, lifting 600 tons
  • LCOE €250 -> €100 (after 100MW deployed) -> €70, continuing down
  • CFD (subsidies) in the UK now listed at €370, €250 in Taiwan
  • Benefits of Hybrid 45% Higher Output vs Only Wave power Combined use of structure, cables & moorings
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Added Values
  • Avoided Emissions : 2 700 tons CO2 eq./unit/yr
  • LCA : 9 kg CO2 eq./MWh 7% of EU grid average
  • Globally Patented (3 Patent families in 20 Countries)
  • Multi-Award Winning Innovation
  • Validated and Confirmed Performance
  • 1:5 Scale Prototype
  • 24 months Test Rig at Royal School of Technology (KTH)
  • 6 Weeks of Wave Tank Testing (UK and France)
  • 14 months of Offshore Testing
  • 3rd Party Evaluation
  • All matching 100%
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Easy to Produce, Install, and Maintain
  • Simple Well Proven Parts
  • Modular Design
Environment
  • Low Visual and Audible Signature
  • Low Environment Footprint
Cost Efficient
  • Weight to Power: ½ vs Offshore Wind
  • LCOE 1/3 vs start of Wind & Solar
  • Power to Weight: 3-50x vs other Wave Energy
Cost-Effective Renewable Energy Solution
Eight Sectors for
NoviOcean Technology
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Further explanation is provided in the next slides for the Ports and Harbors, Offshore Oil Rigs, Desalination and Offshore Wind Farm markets
Short-Term TargetLong-Term Target
Ports and Harbors

Key Benefits

• Reducing CO2 / GWP footprint by 2 700 tons per year / unit.
• Demand and supply in close proximity and in own jurisdiction .
• Regulatory Compliance.

Short-Term TargetLong-Term Target
Offshore Oil Rigs

Key Benefits

• Cost savings by reducing diesel reliance.
• Reduced carbon emissions and enhanced safety.
• Continuous demand and scalability.

Short-Term TargetLong-Term Target
Desalination

Key Benefits

• High demand for freshwater solutions in arid regions
• Reduced operational costs and carbon footprint
• Expanding market size and integration with water infrastructure

Short-Term TargetLong-Term Target
Remote Islands

Key Benefits

• High diesel costs and logistical difficulties for fuel supply
• Support from governments and NGOs for sustainable solutions
• Enhanced sustainability for local communities and tourism

Short-Term TargetLong-Term Target
Remote Coastal Regions

Key Benefits

• High potential for wave energy.
• Complementary to other renewable energy sources like solar and wind.

• Significant reduction in energy costs and carbon emissions

Long-Term Target
Offshore wind farms

Key Benefits

• Potential for growth as regulatory frameworks stabilize
• Complementary energy generation with wind and wave integration

Long-Term Target
Larger Coastlines

Key Benefits

• Suitable for various coastal and near-shore applications
• Provides stable and renewable energy in diverse conditions

Long-Term Target
Hydrogen Production

Key Benefits

• Global shift towards clean hydrogen as a sustainable energy source
• Significant market potential as hydrogen technology advances

Ocean energy industry expected to hit
€53bn per year by 2050
NoviOcean solution
Serviceable Obtainable Market
Early accessible market
Contracted by 2030
20 MW
Deployed by 2030 Target by European Commission FF55
€ 0 Billion
Deployed By 2055
25% of European Market, 20% of Outside Europe
1 GW
€ 1 Billion
Total Addressable Market
Global 2055
0 GW
Deployed Ocean Energy in 2055 Global IRENA
€ 0.2 Trillion
Journey so far - Validation of Functionality & Technology
Title: "Wave of Success: Novige AB Clinches Mission Innovation Champions Award" Subtitle: "Revolutionizing Clean Energy with Cutting-Edge Wave Power Technology"
STAGE 1 (TRL 1-3)

2016 - 2017- 2018

Concept Validation

0.3 M€

Prototype NoviOcean No1 Scale 1:7

COMPLETED

NoviOcean NO1 Prototype COAST Laboratory Tank Testing MaRINET2 Initiative European Union H2020 Framework Programme
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

3 M€

COMPLETED

STAGE 4 (TRL 7)

2025 - 2026- 2027

1:1 Scale Pilot Project

9 M€

voviocean wave
STAGE 5 (TRL 8)

2028 - 2029- 2030

Pre-commercial Array

25 M€

NoviOcean solution
COMMERCIAL (TRL 9)

2031 - 2032

Commercial Deployment

 

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
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  • 1 MW Hybrid Offshore Energy Converter
  • Well Proven Components with High Conversion Rate
  • Simple & Light Weighted Design
NoviOcean Vs Competitors by the Numbers
Floating non-resonant hybrid, wave, wind & solar energy converter
Output per Tonne shows the Cost effectiveness/Tonnes of Material, normally Steel.
For the sake of Simplicity, we have assumed all Solutions have reached TRL7

Avg. KW Output/Tonne : 2.9

Avg. kW Output/Per Mn EUR. 31

Avg. KW Output/ Valuation (Best Buy) : 16

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Why NoviOcean?
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  • PROFIT

    Generate profit due to incentives from unit no. 2

  • HYBRID

    Unique triple wave-wind-solar hybrid sharing structure, moorings & subsea cables

  • LIFTING 600 tons

    Only device having a rectangular float, lifting 600 tons

  • HYDRAULIC CYLINDER

    Only device using the well proven hydraulic cylinder to extract such high force

  • RPM

    Only structure using the well proven Pelton turbine to convert the slow wave motion to high generator RPM

  • X4 CONSIDERABLY HIGHER OUTPUT

    Delivers 4x the output of any other validated concept

Unbeatable Efficiency:
  • Starting at 1/3´d the costs of wind power
  • 2x power-to-weight ratio vs Offshore Wind , therefore way better energy-to-cost potential
  • More power for less: €9 million total for the TRL 7 project delivers 3-50x the output of other concepts
  • We will spend 15% of what the most well-known competitor has spent, with 4x the output. The reason; simple main system, few and simple parts, water to metal for low wear, and easy conversion to high RPM.
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NoviOcean Goals and Objectives
NoviOcean solution
  • To deliver stable energy from the oceans at a lower price than offshore wind
  • To play a vital role in mitigating the climate crisis in a huge global market
  • NoviOcean Objectives 2030 500MW contracted (€1.5 billion)
  • 20 GW (€70 billion) deployed by 2055, 25% of European market.
    This is only in Europe. Global addressable market is 10x larger.
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COP28 did not deliver as needed
“Our goal is to make the annual profit of using NoviOceans so high, that it by itself will be the catalyst for deployments in the thousands.”
Jan Skjoldhammer, CEO / Founder / Inventor
COP28 did not deliver as needed
“Our goal is to make the annual profit of using NoviOceans so high, that it by itself will be the catalyst for deployments in the thousands.”
Jan Skjoldhammer, CEO / Founder / Inventor
Podcasts - Interviews - News
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🌊 NoviOcean Wins First Prize at Global Innovation Competition! 🎉
Going Green Media Visits NoviOcean in Sweden
Revolutionizing Offshore Renewable Energy
'Interviewe with Jan Skjoldhammer
Q&A with the Founder of NoviOcean | Green Tech Media
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  • All
  • News
NoviOcean Triumphs at the 8th China IEIC: A Global Milestone in Clean Energy Innovation
Awards & Grants, News

NoviOcean Triumphs at the 8th China IEIC: A Global Milestone in Clean Energy Innovation

11 December, 2024

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...

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Here are 20 keywords for wave energy, offshore wind energy, floating solar energy, and hybrid energy converter: * Wave energy * Wave power * Ocean energy * Offshore wind energy * Wind farm * Floating solar energy * Solar panel * Photovoltaic * Hybrid energy * Multi-source renewable energy * Marine renewable energy * Wave converter * Wind turbine * Solar array * Energy converter * Renewable energy integration * Microgrid * Distributed generation * Clean energy * Sustainable energy
News, Status Updates

Floating energy platform could change way you get power in future | Fox News

23 October, 2024

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....

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NoviOcean’s Hybrid Energy Converter harnesses wave, wind, and solar power, producing twice the energy of wind alone for a sustainable future.⁠
News, Status Updates

Hybrid energy raft could power 1000 homes a day with wave, wind, solar

22 October, 2024

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,...

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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.