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)

Problem

“Without a major acceleration in clean energy innovation, net-zero emission targets will not be achievable.”

IEA, 2020

Global climate crisis & dependency on fossils

High intermittency of solar & wind

Expensive & unsustainable batteries

High cost & low output of previous wave power

German Energy Production – one month

40% of the hours of the month (minimum wind + no solar) = supplied by fossils

Statistics and data on wave, wind and solar energies

Wind & Waves are Off-phased

According to a 2021 report by the Pacific Northwest National Laboratory, increasing marine renewable energy resources from zero

to 50-60 percent of our renewable energy generation capacity, would cut required battery storage capacity needs by two-thirds.

Wind Production Profile, Galway Bay, Ireland

Wave Production Profile, Galway Bay, Ireland

In low wind conditions, waves are instead at the highest

The Game Changer - Wind and Wave Combined, no storage needed

Source: Seabased

Wave energy Solo Impacts & Essentia

LCOE 1/3 VS. start of wind & solar

Sea area used 1/2 VS. offshore wind

Weight to power ratio 1/2 VS. floating offshore wind

Power to weight ratio 2-50x VS. competition

Baseload 4-5x For wind and wave combined

Baseload 2-3x VS. offshore wind

Wind production (MWh) 🡪

Nord Pool, Wind Production and Spot Price January 10-20, 2022, Sweden

Spot market prices (€) 🡪

High profits for fossils... or for NoviOcean

Inverse correlation wind production vs spot prices 🡪

We solve grid intermittency. A huge need = a huge business opportunity

Solar & Waves are complimentary

Annual variation of wave energy

Annual variation of solar energy

Density and Availability

Solar, Wind and Wave

Solar energy

0.9 - 1.36 kW/m2

5h -12h /24

Wind Energy

0.4 - 1.2 kW/m2

8h -18h /24

Wave Energy

2 - 64 kW/m2

24h /24

NoviOcean 1 MW Hybrid Solution

Wave + Wind + Solar

Solar energy

0.9 - 1.36 kW/m2

5h -12h /24

Wind Energy

0.4 - 1.2 kW/m2

8h -18h /24

Wave Energy

2 - 64 kW/m2

24h /24

NoviOcean 1 MW Hybrid Solution

Wave + Wind + Solar

NoviOcean

Advantages

Wave Energy

Our Journey

Future Goals

Investor Portal

1 MW Hybrid Solution
650 kW Wave, 300 kW Wind, 50 kW Solar.
(40% capacity Factor | 3.5 GWh /unit/year)

Lighter, low LCOE, more powerful – the future of clean, efficient energy

Wave energy: 5x denser than wind, 10x solar, available 24/7, highly predictable.

Since 2016, pioneering simplicity, efficiency, and sustainability in cleantech

By 2030, 0.5 GW contracted, and by 2050, 10 GW, reflecting our ambition to campture 25% of the EU’s 2050 target, worth  E 30 billion in Europe alone. The global market is six times larger  

Structured path: Full-scale prototype 2022, commercial phase by 2029. Cost-efficient tech, global partners, and a sustainable future. Let’s connect!