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Stockholm-based CorPower Ocean secures €32 million to drive commercialisation of wave energy

  • Swedish wave energy company, CorPower Ocean, has raised €32 million in funding for the commercialization of its wave energy solutions.
  • The funding round was led by NordicNinja VC, SEB Greentech, and EIT InnoEnergy.
  • CorPower Ocean has developed a wave energy device that can withstand harsh storm conditions while generating power efficiently in normal ocean environments.
  • Wave energy has great potential as a renewable energy source and CorPower Ocean's technology aims to overcome commercial viability challenges.

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