The company is developing a BREAKTHROUGH and DISRUPTIVE wave energy converter, NoviOcean, through Novige AB, 500 kW initially.
Awarded the title MISSION INNOVATION CHAMPION, INNOVATOR OF THE YEAR and SEAL OF EXCELLENCE by the European Commission.
TRIPLE HYBRID, electricity, sun power panels, hydrogen production.
Our mission: “SAVING THE CLIMATE WITH PROFITABLE WAVE POWER”.
The 1-5 scale prototype has been WAVE TANK tested, as well as run SIX WEEKS IN OFFSHORE CONDITIONS.
2021 will be mainly devoted to design work for the NO500, 500 kW unit, in close cooperation with sub-contractors, then construction, deployment and testing, thereafter commercial units.
According to third party numerical and LCoE calculations, we are STARTING AT A COST 1/4 of what wind power did. By only a medium learning curve with factor 3.5, we will go below in costs per MWh by evolution, targeting 20-25 EUR/MWh, opening up a 50 billion market only by that.