CorPower Ocean

54Mixed / Improving· Provisional
0 followersWave energy·Stockholm, Sweden·Founded 2012
corpowerocean.com/

Wave energy company developing point-absorber WECs with patented WaveSpring resonance technology that survived 18.5 m waves off Portugal, targeting a 10 MW VianaWave pre-commercial farm.

54/100
Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: lowData confidence: medium

Why it's on ClimateTicker

CorPower Ocean is a genuine deep-tech renewable energy company developing wave energy converters (WECs) that generate zero-emission electricity directly from ocean waves, with real grid-connected output already demonstrated off Portugal. The core technology—patented WaveSpring resonance—addresses the long-standing survivability and efficiency barriers that have blocked wave energy commercialization, and has been independently verified by DNV at full commercial scale. However, CorPower remains pre-commercial and largely grant-funded; the climate impact is real in thesis but still thin in verified MWh delivered, and operational ESG disclosures (Scope 1-3 emissions, SBTi, CDP) are absent from public records.

mitigationCorPower sells wave energy converter hardware (C4/C5 devices, CorPack cluster systems) and provides end-to-end project lifecycle services—from yield assessments and permitting through to grid connection and O&M—to project developers, utilities, and energy companies deploying wave farms. Revenue is currently supplemented heavily by EU public grants (€40M EU Innovation Fund for VianaWave, €30M Horizon Europe POWER-Farm, €17.5M EIC Accelerator) while the company targets commercial product delivery in 2027.

Commitments & Certifications

Controversy & Greenwashing Watch

lowCommercial timeline slippage due to COVID-19

Manufacturing of additional C4/C5 devices was originally planned for 2022–2024 but was delayed by the COVID-19 pandemic, pushing the commercial deployment schedule back by roughly 2–3 years.source ↗

Related News

Community Reviews

No reviews yet. Be the first to share your experience!