NovOcean provides the perfect solution to global energy problems
650 kW Wave, 300 kW Wind, 50 kW Solar.

(40% Capacity Factor | 3.5 GWh /unit/year)

Global energy market is positioned for a monumental shift
The technology has matured
Rising advancements of Ocean Energy Converter Technology
Resulting in more efficient & reliable systems
Increasing initiatives for cost reduction in technology
Markets are demanding
Global ocean market is soaring at a whopping 35.4% CAGR
Established & robust renewable market
Soaring need for solutions to mitigate the variable nature of solar & wind energy
Governments are pushing
EU targets to cut greenhouse gas emissions by 90% by 2040
Incentives and support mechanisms from EU Green Deal, the Inflation Reduction Act (IRA), and more
UK’s initiatives for expansion of clean energy. Support in the form of grants and CFD’s paying eq. of EUR 370/MWH
Wave Energy Potential

Global electricity production

28 400 TWh/year

Source: Enerdata

Global wave energy potential

29 500 TWh/year

Source: IPCC & IRENA

The oceans are the world's largest untapped source of renewable energy.
Ocean energy industry expected to hit
€53bn per year by 2050
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
Serviceable Addressable Market
WorldWide 2055
0 GW
WorldWide 2055
0 Billion
Total Addressable Market
Global 2055
0 GW
Europe 2055
0 GW
Deployed Ocean Energy in 2055 Global IRENA
0.2 Trillion
Deployed By 2055 in Europe Target by European Commission FF55
0 Billion
Between now and 2050, we will transition from 20% economy-wide electrification to 70%.” “For investors this represents one of the greatest opportunities in the history of capitalism.”
The Swiss bank Lombard Odier ​
“The next 1,000 unicorns won't be search engines or social media companies, they'll be sustainable, scalable innovators – startups that help the world decarbonize and make the energy transition affordable for all consumers.”
Larry Fink, BlackRock CEO
Mitigation of Intermittency
Current and Planned Mitigation Practice are not Climate nor Investment Friendly
Energy Price Inverted to Energy Supplied (by Wind and Solar)
Wind Production
Spot Price Electricity
When Wind and Solar are at High Supply Energy Spot Price are Low – and vice versa
Fossil Fuel Energy Plants
Energy-related CO2 emissions grew to 34.4 Gigaton in 2023. 40% of the time, wind and solar deliver insufficient power due to weather, requiring fossil-fuel generators to fill the gap. To reduce this trend at the needed magnitude, the largest untapped energy source on the planet is highly needed. It is called Ocean Energy
Battery Energy Storage System (BESS)
At 80% Wind and Solar, the cost would be 9x higher than today, at 45 cents/kWh. Utility Scale Battery Storage is projected to cost $2.5 trillion, only for California. The consequence: The energy Transition will not be possible at scale. NoviOcean is one of the very few solution with the needed numbers to solve this.
“Without a major acceleration in clean energy innovation, net-zero emission targets will not be achievable.”
IEA, 2020
Problem
Global climate crisis & dependency on fossils
High intermittency of solar & wind
Expensive & unsustainable batteries
High cost & low output of previous wave power
Wave energy Solo Impacts & Essentia
Solar & Waves are complimentary

Annual variation of wave energy

Annual variation of solar energy

Annual variation of wave energy

Annual variation of solar energy

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.