Novige AB

“NoviOcean, saving the climate with profitable wave power” is our mission and goal, and the
driving motivation behind every week of hard work. Novige AB: is a
fast-growing Swedish SME that is commercializing a breakthrough disruptive, patented wave
energy converter (WEC) concept, named NoviOcean. Developed since 2016, the unique design
has proven to offer a potential solution that is lighter, stronger, simpler (with less and wellproven
parts), has high survivability, and is substantially more cost-effective than all other
WECs in the market or in development today. Tests conducted with external experts indicate
an initial LCOE calculated to 60-120 EUR/MWh – depending on location, falling to 25 EUR/MWh
with a medium learning curve.