CorPower Ocean has been named in the Cleantech Group’s 2026 Global Cleantech 100, marking the third consecutive year the company has been recognised as one of the world’s most promising cleantech innovators.
The Global Cleantech 100 is an annual list highlighting private companies poised to deliver market-ready solutions that advance a cleaner, more resilient future. Now in its 17th year, the list is produced by Cleantech Group following extensive research and nominations from investors, corporates and industry experts across the global cleantech ecosystem.
“We are very proud for this recognition, it means a lot to the team who works relentlessly to bring wave energy to the world ,” said Patrik Möller, CEO of CorPower Ocean. “This reflects the growing momentum behind wave energy as a reliable and predictable source to unlock 24/7 clean power, and the progress CorPower Ocean is making specifically toward commercial-scale deployment.”
“This year’s Global Cleantech 100 reflects a market in transition – one that is becoming more disciplined, more discerning, and ultimately more resilient,” said Richard Youngman, CEO of Cleantech Group. “While the adjustment phase has been painful for some parts of the ecosystem, we are also witnessing remarkable bursts of innovation responding to new sources of demand, from AI-driven power needs to critical materials security.”
As energy systems evolve, wave energy is gaining renewed attention for its ability to provide a very consistent and predictable power profile, which complements wind and solar to reduce the cost of firm clean power strengthens system resilience. Over the past year, CorPower Ocean has recorded significant milestones supporting the transition to commercial wave energy projects. This includes:
- Award of €17.5 million from the European Innovation Council (EIC) Accelerator, comprising €2.5 million in grant funding and €15 million in equity, to accelerate commercialisation of CorPower Ocean’s wave energy technology.
- Securing €40 million from the EU Innovation Fund to support development of the 10 MW VianaWave project off the northern coast of Portugal – one of the world’s largest planned wave energy arrays.
- Announcing the €30 million POWER-Farm initiative, a European consortium project aimed at demonstrating wave energy farm performance, reliability, and bankability at scale.
- New strategic investors, including Tokyo Gas affiliate Acario and GTT Group, strengthening industrial backing and global reach.
These achievements build on years of rigorous ocean testing and technology refinement, addressing historic challenges in wave energy including survivability, efficiency and cost reduction.
And now as governments and industries increasingly prioritise energy security and resilience alongside decarbonisation, wave energy is well positioned to become an important part of the future clean energy mix.
