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CorPower Ocean's Overview

Total employees93
HeadquartersDanderyd
Founded2012

CorPower Ocean is a Swedish-based global leader in wave energy technology, founded in 2012. Their mission is to power the planet with clean, reliable, and cost-effective wave energy by developing and commercializing high-efficiency Wave Energy Converters (WECs). Inspired by the pumping principles of the human heart, CorPower's technology aims to overcome the key challenges of survivability, performance, and cost-efficiency that have hindered the wave energy sector. They are currently advancing their flagship HiWave-5 project in Portugal to demonstrate their technology at utility scale and pave the way for commercial wave farms.

Where is CorPower Ocean's Headquarters?

HQ Function

Serves as the central hub for strategic management, core research and development, advanced engineering design, business operations, and coordination of CorPower Ocean's global wave energy initiatives.

Notable Features:

Modern R&D facilities in Stockholm equipped for advanced engineering, simulation, and prototype development, fostering innovation in wave energy technology. Includes dry-test rig facilities for WEC components.

Work Culture:

A dynamic, innovative, and mission-driven environment focused on pioneering sustainable energy solutions. Emphasizes collaboration, engineering excellence, problem-solving, and a strong commitment to making wave energy a viable renewable source.

HQ Significance:

The Stockholm HQ is critical for CorPower Ocean's technological leadership, housing core R&D and engineering teams. It anchors their Swedish innovation roots while driving international expansion and project execution in the wave energy sector.

Values Reflected in HQ: The headquarters reflects CorPower's commitment to innovation, sustainability, and cutting-edge engineering. The facilities are designed to support a collaborative and agile approach to developing breakthrough wave energy technology.

Location:

CorPower Ocean operates internationally with its headquarters and R&D center in Sweden, major ocean deployment and operational facilities in Portugal, and a presence in the UK and Norway. Globally, the company supports functions including research and development, advanced engineering, WEC manufacturing and assembly, ocean testing and operations, project development, supply chain management, and business development. This strategic global footprint enables CorPower to access key markets, talent pools, and optimal marine environments for advancing its wave energy technology towards global commercialization.

Street Address:

Vendevägen 90

City:

Danderyd

State/Province:

Stockholm County

Country:

Sweden

CorPower Ocean's Global Presence

Viana do Castelo, Portugal

Address: Porto Comercial de Viana do Castelo, Doca Norte, 4900-350 Viana do Castelo

Strategically located for access to Atlantic wave resources and the Aguçadoura test site. Facilitates collaboration with the Portuguese maritime industry and supply chain for large-scale ocean energy demonstration.

Oban, Scotland, United Kingdom

Address: European Marine Science Park, Dunstaffnage, Oban, PA37 1QA, Scotland

Capitalizes on Scotland's leading role in marine renewables, accessing test sites, academic partnerships (e.g., SAMS), and funding opportunities to advance CorPower's presence in the UK market.

Oslo, Norway

Address: c/o Sem & Stenersen Prokom AS, Vitaminveien 1A, 0485 Oslo

Engages with Norway's advanced offshore industry, research institutions, and renewable energy initiatives, exploring opportunities for wave energy deployment and integration in Norwegian waters.

Buying Intent Signals for CorPower Ocean

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of CorPower Ocean

As of April 2025, CorPower Ocean' leadership includes:

Patrik Möller - Chief Executive Officer
Anders Jöfelt - Chief Financial Officer
Kevin Rebenius - Chief Commercial Officer
Miguel Silva - Head of Ocean Operations
Hanna Nordqvist - Head of People & Culture
Jean-Michel Chauvet - Director of Integration & Test

Investors of CorPower Ocean

CorPower Ocean has been backed by several prominent investors over the years, including:

EIT InnoEnergy
Swedish Energy Agency (Energimyndigheten)
Ingka Investments (IKEA Group)
Midroc
Waldenström Group
SEB Greentech VC
Indutrade
Andritz Hydro
European Investment Bank (EIB) (debt funding)
AICEP Global (Norte2020)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

CorPower Ocean's core executive team has maintained stability over the past 12 months, focusing on project execution and technological milestones. While the company actively recruits to expand its talented team across various departments, there have been no major C-suite level hires or departures publicly announced during this period, ensuring continuity in strategic leadership.

Departures

N/A, No C-suite executive departures have been publicly announced by CorPower Ocean in the last 12 months.

New Appointments:

N/A, No new C-suite executive appointments have been publicly announced by CorPower Ocean in the last 12 months. Team expansion continues at other levels to support operational needs.

Technology (Tech Stack) used by CorPower Ocean

Discover the tools CorPower Ocean uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

CorPower Ocean Email Formats and Examples

CorPower Ocean typically uses the [first].[last]@corpowerocean.com email format for its employees. This standard format facilitates professional communication both internally and externally.

[first].[last]@corpowerocean.com

Format

patrik.moller@corpowerocean.com

Example

90%

Success rate

News and media

Riviera Maritime MediaApril 23, 2024

CorPower Ocean C4 completes commissioning in Sweden, heads for Portugal

CorPower Ocean's C4 wave energy converter has successfully completed its commissioning program in Stockholm. The device is now being transported to Aguçadoura, Portugal, for its upcoming ocean deployment as part of the HiWave-5 project, marking a key milestone towards utility-scale wave energy generation....more

Offshore EnergyFebruary 7, 2024

CorPower Ocean gears up for C4 wave energy device deployment offshore Portugal

CorPower Ocean is making significant progress with its HiWave-5 project, actively preparing for the deployment of its C4 commercial-scale wave energy converter off the coast of Aguçadoura, Portugal. The company has secured necessary permits and is working with local partners for the installation....more

Power TechnologyNovember 14, 2023

CorPower Ocean secures €1.3m for Swedish wave energy project

CorPower Ocean has been awarded €1.3 million ($1.4 million) in funding from the Swedish Energy Agency. This grant will support the 'WaveBOOST' project, which aims to enhance the performance and reduce costs of its wave energy converters through advanced control system technology developed in Sweden....more

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