Novige AB is "The Hercules of ocean energy", a Swedish cleantech startup that is behind the development of NoviOcean WEC. It is essentially an inverted Hydropower Plant At Sea (HPAS concept). The rectangular float’s heaving motion will create 600 tons of lifting force in every 4-meter wave, multiple times more than any other. This force is transferred through a water-filled hydraulic cylinder to a standard Pelton turbine, driving a generator on the same axis.
NoviOcean uses simple, light-weighted, and well-proven parts allowing for a reliable and stable electricity output leading to a lower cost of electricity. A lower cost than offshore wind will be achieved after 50 MW deployment. “Saving the climate with profitable wave power” is our mission which we intend to achieve via global partnerships and licensing to facilitate local manufacturing/operation.
The EU commission has decided to use funding as required to meet 40 GW by 2050. We expect to take at least 10% of that market, meaning 8000 NoviOcean units worth 16 billion EUR.
Since its establishment in 2016 by the inventor/entrepreneur Jan Skjoldhammer, Novige AB has attracted several national- and European-level grants as well as a team of highly competent and complementing experts, full-time and on a consultancy/advisory basis. The Team has so far been awarded the EU Commission’s Seal of Excellence, Mission Innovation Champion 2020, Guldstänk’s Innovator of the Year 2020 and Stena Line’s Propeller Prize 2021.