CorPower Ocean AB - part of Inovacor AB
CorPower Ocean AB has developed a compact high-efficiency Wave Energy Converter, inspired by the pumping principles of the human heart. Using a new phase control method, the Wave Energy Converters always oscillate in resonance with the incoming waves, strongly amplifying their motion and power capture. Phase controlled oscillation offers an exceptionally high energy density, 5 times higher than conventional Wave Energy Converters without phase control. The technology allows a large amount of energy to be harvested using a small device.
- Business Type:
- Industry Type:
- Renewable Energy
- Market Focus:
- Internationally (various countries)
This company also provides solutions for other industrial applications.
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The challenge in wave power is to design a device that is robust enough to survive the toughest storms, at the same time produce enough energy to make it a viable business case. So far wave energy converters have been too large and costly compared to their energy output, which has prevented commercial harvesting.
Our aim is to establish a new generation of highly effective wave power for utility-scale energy generation offering a cost of energy that can compete with established energy resources.
In a world of exponentially spiralling environmental pressures, the need for alternative energy production systems is overriding. Harvesting nature’s vast resource of energy contained in ocean waves sustainably and effectively could potentially produce 2000-4000TWh of electricity per year – 10-20% of worldwide electricity consumption – and create a world where producing human energy needs is efficient, clean and economical.
CorPower Ocean AB was founded in 2009 to develop Wave Energy Converters (WEC). CorPower founder Stig Lundbäck, MD, spent most of his life studying the pumping principles of the human heart. He invented the Dynamic Adaptive Piston Pump Technology (DAPPT) in 1984, and used his comprehensive knowledge to imagine and construct a Wave Energy Converter based on similar principles. The highly efficient converter has recently been combined with a novel phase control technology invented by Ph.D. Jørgen Hals Todalshaug of NTNU in Trondheim. The WaveSpring technology has shown game-changing performance set to revolutionize wave power. It is a result of research on phase controlled point absorbers that has been conducted in Trondheim since the 1970s.
Due to a unique WEC design, CorPower now stands on the brink of a major breakthrough in terms of redefining the efficiency of wave energy generation. CorPower’s philosophy of reliable, effective and sustainable design is an integral part of our engineering, and in the face of the overwhelming power of the ocean, respect for nature is paramount. The small and light approach combined with resonance is the most structurally effective – as well as being cost effective. “Small is beautiful” as professor Falnes has said for a long time.