Explore NoviOcean's market potential, revenue models, and investment roadmap for sustainable ocean energy
View Investment DetailsThe global ocean energy market is projected to grow significantly, with NoviOcean positioned to capture a substantial share of this emerging market.
Ocean Energy Market Grows to €53bn per Year by 2050
Early Addressable Market 2030: 50 GW : €120 Billion
Contracted by 2030: 20 GW : €50 Billion
Contracted by 2030: 200 MW : €500 Million
Total Market 2050: 350 GW : €1225 Billion
Deployed Ocean Energy in 2050 Global (IRENA): 40 GW : €140 Billion
Deployed by 2050 in Europe: Target by European Commission FF55
250 GW : €875 Billion World Wide 2050
40 GW : €100 Billion Deployed By 2050
25% of European Market 10% of Outside Europe
Total Addressable Market → Serviceable Addressable Market → Serviceable Obtainable Market
As an example, only for the Canary Islands, covering 50% of their 2040 renewable energy goal by NovOcean, would mean 800 units deployed by that time, resulting in an estimated €1.6 Billion in sales, at a considerably lower cost than heavy and complex floating wind. Adding the Arabian Sea, Indian Ocean, and Philippine Sea increases demand by 20,000 units, worth €40 billion, even larger potential across Europe, the Americas, and global islands.
Half the cost. Market price sales. Margins of 50–150%, for decades!
Own Energy Production & Sales. Sell electricity via PPAs. Customer or NovOcean operates (optional fee). Built on order by shipyards.
Shipyards build & sell under license. NovOcean earns 10% per unit sold. Customer or NovOcean operates (optional fee).
Joint projects with utilities & investors. Long-term Revenue & ownership models. Built on order by shipyards.
Target Customers & Partners: State Companies, Local Grid Operators, Industrial Companies, Utility, Oil & Gas Companies, Government Authorities, Shipyards
Note: Additionally, up to €25/MWh can be expected from selling carbon credits— often covering 5–10× the OPEX, significantly enhancing overall profitability.
20–40 cents/kWh: Bermuda (0.38), Cook Islands (0.29), Federated States of Micronesia (0.32), Guam (0.34), Kiribati (0.35), Nauru (0.33), Puerto Rico (0.27), Samoa (0.30), Tonga (0.33), Tuvalu (0.34), US Virgin Islands (0.39), Vanuatu (0.32), Niue (0.26), Haiti (0.30), Northern Mariana Islands (0.35), Cayman Islands (0.28), Solomon Islands (0.36), Marshall Islands (0.33), Palau (0.32), Saint Helena (0.29), Comoros (0.27), Saint Vincent (0.26)
15–20 cents/kWh: Barbados (0.19), Grenada (0.18), Saint Lucia (0.17), Jamaica (0.18), Dominican Republic (0.17), Cape Verde (0.19), Reunion (0.19), Mayotte (0.18), Martinique (0.17), Guadeloupe (0.17), Bahamas (0.19), Sri Lanka (0.17), Philippines (0.19)
10–15 cents/kWh: Canary Islands (0.14), Madeira (0.13), Azores (0.13), Taiwan (0.11), Italy (0.13), Japan (0.15), South Korea (0.14), Portugal (0.12), Spain (0.13), India (0.11)
250 kW (start €160): Assumes 12% cost reduction per doubling of cumulative units. Baselines: 250 kW €160/MWh. 350 kW €119/MWh. 450 kW €93/MWh.
Conversion: 1 €/MWh = 0.1 ¢/kWh (divide by 10)
250 kW (start €166): Assumes 12% cost reduction per doubling of cumulative units. Baselines: 250 kW €166/MWh; 350 kW €119/MWh; 450 kW €92/MWh.
With only 80% of the weight of fixed wind per output, 30% of floating wind, and shared structure, mooring, cabling, and lease area for wave, wind, and solar, NoviOcean offers a significantly lower initial LCOE than offshore wind or solar with storage—and will continue reducing cost per MWh as deployment scales.
Due to the hybrid system with much higher output per ton, creating huge savings on the needed sea area, planning costs, structure, anchoring and cabling, we start with a way lower LCOE
Wind and solar got to market price by subsidies and grants. NoviOcean starts at 1/3 the cost of wind and solar, and will consequently reach this level much faster, in a giant market
First Tranche: Raising €6m equity for 20% equity @ €30m post-money. Expected additional €2-4M in grants
Use of Funds (2026-27, TRL 7):
Next Rounds (2027-2028, TRL 8):
Equity Path:
Based on competition and market analysis:
€30M today → €150M (5x, 2 yrs) → €400M (15x, 4 yrs) → €750M (25x, 6 yrs) → €6B (200x, 8-10 yrs)
5–10x after 2 yrs
~7–15x after 4 yrs
~12–25x after 6 yrs
Up to 100–200x after 8–10 yrs (IPO/exit)
Prototype development and initial market testing ~0.5M revenue
Our business scaling strategy projects significant growth across all key metrics through strategic expansion and technology deployment.
Our scaling strategy focuses on capturing market leadership through technological innovation, strategic partnerships, and global expansion.
Our business model combines innovative technology with strategic market expansion to achieve rapid growth and market leadership in the renewable energy sector.
Establishment of international manufacturing partnerships
Full market penetration in Europe, North America, and Asia-Pacific
Strategic entry into emerging markets including Latin America and Middle East