Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- The NoviOcean Wave Energy Converter relies on several unique and patented innovations. Using highly efficient and well-proven components as well as a strong and light-weight structure ensures full weather resilience and much higher power density compared to any other known wave energy technology. Simplicity in manufacturing, installation, and maintenance ensures lower projected capital and operational costs. Combining higher power density with lower costs leads to substantially lower LCOE values for NoviOcean wave energy converter (WEC) compared to any other ocean energy concept known to date, even reaching a level that is competitive to fossil energy sources in many regions.
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