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

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

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

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

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

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

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!