CorPower Ocean: Wave Energy Converters for Stable Renewable Electricity

CorPower Ocean: Wave Energy Converters for Stable Renewable Electricity

Ocean waves represent one of the largest untapped renewable energy resources on the planet. Unlike solar and wind, wave energy can provide a more consistent and predictable power profile, making it an attractive complement to future renewable energy systems. However, harvesting energy from waves has historically faced challenges related to cost, reliability, and survivability in harsh marine environments. CorPower Ocean, founded and located in Sweden, develops wave energy converters designed to generate electricity from ocean waves. The company’s technology uses floating buoy devices that move with incoming waves and convert this motion into rotational energy that drives onboard generators. Inspired by the pumping principle of the human heart, the system amplifies wave motion while maintaining stability in extreme sea conditions.

Technology and Product

Ocean waves contain large amounts of kinetic energy that can be converted into electricity using wave energy converters. CorPower Ocean develops compact point-absorber devices consisting of a floating buoy anchored to the seabed. As waves move the buoy up and down, mechanical motion inside the device is converted into rotational energy that drives an electric generator. A key feature of the technology is a control mechanism that allows the device to oscillate in resonance with incoming waves, amplifying movement and increasing power capture. At the same time, the system can detune during extreme conditions, allowing the buoy to remain stable and withstand storm waves. This combination of energy amplification and storm protection aims to address two long-standing challenges in wave energy: efficient power generation and survivability in harsh offshore environments.

CorPower Ocean’s patented Wavespring technology amplifies wave motion to increase energy capture while protecting the system in extreme sea conditions. (© CorPower Ocean)

Industrial Fit and Applications

Wave energy is increasingly considered a complementary resource within renewable energy systems. Because ocean waves are driven by large-scale weather patterns, they often continue producing electricity when solar or wind generation declines. CorPower Ocean positions its wave energy converters for deployment in offshore energy farms and coastal power systems. Arrays of devices can be installed in clusters connected to subsea power infrastructure and integrated into national electricity grids. Typical deployment locations include wave-rich coastal regions and offshore renewable energy sites. By complementing wind and solar generation, wave power systems can contribute to more balanced renewable energy portfolios and support efforts to deliver continuous low-carbon electricity.

CorPower Ocean’s dry-test facility simulates ocean wave conditions to validate devices before offshore deployment. (© CorPower Ocean)

Founding Team

CorPower Ocean was founded by Swedish entrepreneur Patrik Möller together with cardiologist and inventor Dr. Stig Lundbäck, whose research into the pumping mechanics of the human heart inspired the company’s wave energy concept.