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.
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.
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.
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.
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.
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.
Vendevägen 90
Danderyd
Stockholm County
Sweden
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.
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.
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.
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As of April 2025, CorPower Ocean' leadership includes:
CorPower Ocean has been backed by several prominent investors over the years, including:
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.
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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
Riviera Maritime Media • April 23, 2024
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 Energy • February 7, 2024
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 Technology • November 14, 2023
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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