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Wave power for a sustainable future.

Innovating responsibly. Engineering passionately. Delivering powerfully.

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Our inspiration.

We started CorPower Ocean because we believe in a simple but powerful idea:
the ocean holds the key to our renewable energy future.

We see waves not just as energy, but as endless potential. Potential to strengthen communities, to sustain our planet, and to improve lives everywhere.

We’re here because the world needs reliable renewable energy, and the ocean is ready to deliver it. That’s our purpose. That’s why we exist.

See the technology

Meet the people behind our invention.

Great innovation always comes from people who think differently, people who see possibilities where others see obstacles.

At CorPower Ocean, a team of courageous engineers, meticulous scientists, and visionary leaders – each driven by the same passion: to turn wave energy into reality.

We founded our company in Stockholm in 2012, and ever since, we’ve remained dedicated to bringing this vision to life.

Meet our management team

What guides us.

A sustainable future powered by the ocean, for generations to come.

We are on a mission to power the planet with clean energy from ocean waves.

Our values

We are open-minded, courageous problem solvers. Our ambition is to deliver beyond the impossible. We are pragmatic innovators working always to find that way forward.
Our engineering and design choices are underpinned by solid physics and best practice. We’re meticulous. Our solutions are rigorously tested and proven before being deployed.
We contribute to something bigger than ourselves—clean energy for the planet. We believe in being transparent and open. It ensures credibility, a better work environment, and longevity as a business.
We depend on each other and believe in being warm-hearted, inclusive, and respectful. Likewise, we have our customers at the top of our minds, always working to ensure a positive experience using our technology.

Management team.

Leadership is about vision and execution. Our management team combines deep industry knowledge with clear strategic direction, guiding CorPower Ocean toward meaningful growth, rigorous innovation, and global impact.
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Patrik Möller

CEO & Co-founder

Catharina Belfrage Sahlstrand

Chief Commercial Officer

Tord Jonsson

Supply Chain & Quality Manager

Matt Dickson

Head of Projects

Andrew Litchfield

Chief Technology Officer

Anders Jansson

Head of Business Development

Hanna Nordqvist

Head of People & Culture

Manuel Costeira da Rocha

Managing Director Iberia 

Jonathan Meason

Chief Engineer

Per Lindblad

CFO – Interim

Board of directors.

Our board comprises distinguished leaders and strategic thinkers who ensure we stay true to our mission and values – guiding us to deliver sustainable innovation responsibly and transparently.

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Andreas Gunnarsson

Chairman

Christina Lundbäck

Board Member

Erika Butterworth

Board Member

Markus Hökfelt

Board Member

Magnus Lundin

Board Member

Tomosaku Sohara

Board Member

Santiago GilGil

Board Member

Meet our employees.
100 brilliant minds from 24 countries.

Join us now
Technical Project Manager

“The oceans have always been a big part of my life. Working in wave energy brings everything together; the love for the oceans and a job where I can apply my technical skills. It is very inspiring!”

Energy Systems Engineer
“I really enjoy working with a wide range of multidisciplinary teams. Some days I’m running Python code looking at different studies around the world, other days I’m looking at future projects and assisting with writing project proposals.”
Senior Composite Manufacturing Engineer
“For me this is not just a job, it’s a journey. It’s a very exciting time in the renewables industry, we’re constantly pushing the boundaries. Being a family man with four children, it is the future which is most important.”

CorPower Ocean – the journey from vision to reality.

Through a disciplined, best-practice verification program, we proved each innovation step by step – starting at small scale and scaling up as every milestone was met. In 2023 we installed and grid-connected our first commercial-scale C4 in northern Portugal; It weathered 18.5-metre Atlantic storm waves and validated the accuracy of our digital twin. With non-dilutive grants backing first-of-a-kind projects and series B company funding secured, we are on a clear path to third-party certification and bankable, commercial scale-up.

2012 — 2013​

Stage 1
Concept​

Validation

STAGE 1

2014 — 2015

Stage 2
Critical system tests

Dry and tank testing

STAGE 2

2015 — 2018

Stage 3
1:2 scale device

Dry and ocean testing

STAGE 3

2018 — 2024

Stage 4
Full scale device

Dry and ocean operation

STAGE 4

2024 — 2027

Stage 5 - TRL 8
3 device array

Pilot array (4 WECs)

STAGE 5

2027 — Onwards

Commercial – TRL 9
Wave Farms

10-100s WECs

STAGE 6

Company highlights.

Since the start, we have secured over €100 million in funding and nearly €100 million in project grants, enabling our progression from early-stage development to a full-scale wave energy converter operating in the open ocean.

HiWave-5 represents the culmination of a decade of structured product development, underpinned by more than forty years of wave-hydrodynamics research.

Led by one of the world’s most experienced wave-energy teams, we are delivering a third-party-certified, commercial-ready technology – positioning wave energy as a core part of the future clean-energy system, alongside wind, solar, and storage.

€ 0 m+

Investment
Ready for scaleup

~€ 0 m

Project grants
Enabling first pre-commercial wave farms

Multiple customers engaged
Utilities and project partners preparing deployment
Moving wave energy into commercial rollout

Meet our partners.​

No one succeeds alone. We partner with world-class institutions and visionary investors who share our commitment to innovation and sustainability.

NordicNinja VC, SEB Greentech, InnoEnergy, Cisco Investments, Santander Asset Management, Iberis Capital, Acario (Tokyo Gas), GTT Strategic Ventures.

European Commission, Swedish Energy Agency, NTNU, AICEP Portugal Global, EMEC, WavEC, Wave Energy Scotland, University of Edinburgh.
Lead Partner of Ocean Energy Europe; Member of the Marine Energy Council (UK) and Natural Hydropower Association’s Marine Energy Council (US).

Certified independent validation.​

Transparency matters. Credibility matters. That’s why we work closely with respected independent organisations to validate our technology and practice.

  • ISO 9001 certification via DNV, proof of operational excellence
  • Five-stage IEA-OES verification program with independent performance testing
  • DNV prototype certification of C4 and type certification of C5 CorPack

Press kit.
Everything you need to tell our story. Dive deeper into CorPower Ocean’s vision, technology, and milestones.

Download our press kit

Our vision for tomorrow.

Transparency matters. Credibility matters. That’s why we work closely with respected independent organisations to validate our technology and practice.

Talk to our team

Stage 1 – Concept

Proof-of-concept using modelling, 1:30 tank tests (FEUP Porto) and 1:10 PTO bench tests (KTH) validated core principles, benchmarked control methods, and confirmed the cascade gearbox concept. Results showed 2.5–6× higher power absorption with latching phase control vs. resistive loading, while survivability modes and hydrodynamic parameters were calibrated for simulations. Outcome: the concept was validated and models were tuned for next-stage design.

Stage 2 – Critical system tests

Critical subsystems were verified via 1:16 hybrid tank tests (ECN Nantes) and a grid-connected 1:3 PTO Hardware-in-the-Loop rig (KTH), introducing WaveSpring phase control. Measured metrics exceeded targets (e.g., 9.7–10.2 MWh/ton vs. 8 MWh/ton; ~3× more annual energy per kN, ≈6 MWh/kN), supporting techno-economic viability. Calibrated wave-to-wire models guided design choices and control strategies for the next scale.

Stage 3 – 1:2 scale device

A 1:2-scale C3 WEC was dry-tested on a HIL rig (Stockholm) and then deployed at EMEC Scapa Flow, proving detuned “survival” load-shedding and tuned (resonant) power amplification; ocean power was slightly higher than model predictions. WaveSpring operated robustly (≈99% efficiency at rated load), and a DNV Statement of Feasibility was achieved. Key lessons emphasized rigorous pre-qualification of auxiliaries before the next full-scale step.

Stage 4 – Full scale device

The first full-scale C4 (300 kW) completed a one-year 7.2 MW dry-test campaign and was installed at Aguçadoura (Portugal), demonstrating storm survivability and performance in line with expectations. Measured efficiencies were strong (mechanical ~82.4%, electrical ~85.2%) and AEP projections ~710–875 MWh/yr; mass exceeded target but corrective actions for C5 were defined. Stage 4 targets prototype certification with DNV.

Stage 5 – TRL 8
– 4 device array

An improved second-generation C5 array (three additional full-scale WECs alongside C4) will undergo dry-tested PTO verification and at least 24 months of ocean operation at Aguçadoura. The program aims to demonstrate survivability, performance, reliability, maintainability, affordability, and a competitive European supply chain. After ~8,000 operating hours, DNV type certification will qualify the product as bankable.

Commercial – TRL 9
– Wave Farms

In this phase, the focus shifts to serial delivery of turnkey CorPack wave clusters (~30 MW blocks) using a competitive European supply chain for industrial roll-out. CorPacks are placed side-by-side to build 100s-of-MW farms. Operationally, the phase emphasizes scaling installations and optimizing reliability, performance and maintainability using Stage-5 learnings, while moving along the generation-based product roadmap (doubling cumulative capacity each generation) to drive LCOE toward competitive levels.

What we do

Our Company

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Copyright © 2024 CorPower Ocean. Headquarters:
Stockholm, Sweden. All rights reserved. CorPower Ocean
AB. Västberga Allé 60, 126 30 Hägersten Sweden.
Organisation number: 556584-9824