What is the BlueInvest Project Pipeline?
See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.
Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.
The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.
Selection Criteria:
Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)
Your project TRL is 4 or higher
Your project sector is in one of the 10 blue economy sectors identified for this initiative
Your solution has a clear sustainable impact on the blue economy
Your project is looking for investment
Project Country
Country in which the project is being developed and / or implemented.
Project Sector
Main blue economy sector the project relates to.
Project TRL
Current technology readiness level of the project.
CorPower Ocean AB
Patrik Mller CEO Entrepreneur and technologist with experience of running technology start-ups with complex product development. Co-founded CorPower in 2012, and has taken the company successfully through three stages of structured product verification while raising 32MEUR funding. In 2015, he co-founded Cascade Drives AB as a spin-off company. Board member of Ocean Energy Europe and ETIP (European Technology and Innovation Platform) Ocean steering committee. Stig Lundbck, inventor In 1984 Doctor Stig Lundbck invented and patented the technology that resembles the human heart's pump function's eventually calling it DAPP (Dynamic Adaptive Piston Pump), which later inspired the design of our world-leading wave energy technology. He played a key role in the creation of three innovative companies; SurfCleaner, Cascade Drives and CorPower Ocean. He filed for close to 100 patents spanning a wide range of technical fields.
CorPower Ocean brings to market, a new class of high-efficiency Wave Energy Converters (WECs) enabling robust and cost-effective harvesting of electricity from ocean waves. The design principle is inspired by the pumping principles of the human heart and offers five times more energy per ton of device compared to previously known technologies, allowing a large amount of energy to be harvested using a small and low-cost device. The CorPower WEC's unique ability to become transparent to incoming waves provides survivability in storm conditions. The HiWave-5 demonstration project aims to convert CorPower's wave technology into a bankable product by 2024, by proving the survivability, performance and economics of a grid-connected array of WECs in northern Portugal. This will unlock mainstream renewable project financing for commercial array projects developed by our customers.
CPO WEC stands out for its high structural efficiency with outstanding survivability and the most cost-efficient WEC technology in development. The WECs can harvest the same amount of Annual Energy from a buoy with 1/10 volume compared to conventional point absorber. As a comparison, a 300kW CorPower WEC has a size of 9x18m and weighs 60 tonnes, where other wave devices may have dimensions of 100s? of meters and several thousand tonnes for the same capacity. We offer five times more energy per ton of device compared to previously known wave technologies. This allows for a large amount of energy to be harvested using a relatively small and low-cost device, reducing the equipment (CAPEX) cost per MW capacity. The compact and lightweight WECs are also easy to install and maintain using low-cost vessels, bringing down operational (OPEX) costs. All together this provides competitive cost-of-energy.