CorPower Ocean has been awarded the world's first DNV Prototype Certificate for a Wave Energy Converter (WEC), marking a major leap towards bankable, utility-scale wave energy.
The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verification. The certificate confirms the technology meets DNV's stringent requirements for structural strength, reliability and safety, establishing a new international benchmark for the wave energy industry. It also establishes a significantly reduced technology risk, unlocking the project finance, insurance and institutional investment in commercial deployment.
"This is a historic milestone, for CorPower Ocean and the sector. It moves wave energy from being a promising technology to being a proven and bankable one. I am immensely proud of our team for making CorPower the first wave energy technology to pass this bar," said CorPower Ocean co-founder and CEO Patrik Möller.
The news comes as CorPower Ocean advances its first two industrial wave farms, in Portugal and Scotland. It forms part of a broader ambition to elevate wave energy into the world's third-largest renewable energy source, complementing wind and solar to deliver the lowest-cost clean energy mix around the clock.
DNV is widely recognised as the world's leading independent assurance and certification body for offshore energy. Its standards underpin much of today's offshore wind industry, and its certification process requires comprehensive, evidence-based verification across every stage of technology development.
The Prototype Certificate follows a seven-year process with DNV, which began with establishing the design basis for the CorPower C4. Throughout the program, DNV independently reviewed and approved concept development, detailed engineering, structural strength and fatigue analysis, manufacturing, assembly, dry testing, installation, operations and maintenance, and device performance in extreme conditions with storm waves of up to 18.5 metres.
"The issue of the first Wave Energy Converter Prototype Certificate was the culmination of a thorough and rewarding interaction with CorPower," says Claudio Bittencourt Ferreira, Project Manager, DNV Renewables Certification. "It marks an important stepping stone in the realisation of commercial wave energy. DNV has supported this sector for over 20 years and is familiar with the many challenges these devices face. The commitment shown by the CorPower team in achieving this milestone is impressive, and we look forward to continuing the journey with them."
For more than half a century, wave energy has remained one of renewable energy's greatest untapped opportunities.
"CorPower Ocean's determination to make wave energy not only scalable but bankable has been consistently demonstrated throughout its development journey," says Santiago Gil, Head of VC, Santander Alternative Investments. "This certification validates years of rigorous engineering work, significantly reduces technology risk and further strengthens the path towards commercial deployment at scale."
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Notes to editors
About the CorPower C4: spherical composite hull of 9 m diameter, standing 18 m tall with a mass of about 100 tonnes. Installed at 45 m water depth, 4 km offshore Aguçadoura, northern Portugal. In ocean operation since 2023 across three deployment cycles, including autonomous operation, power export to the Portuguese grid and survival of Atlantic storms with waves up to 18.5 m (storm Domingos, November 2023 - a record for the region per the Hydrographic Institute of Portugal).
Key background stories: Wave energy breakthrough (Feb 2024) | C4 deployment (Sep 2023) | The Power of Structured Development (Jul 2024)
Images and video: corpowerocean.com/press-kit | YouTube channel
About CorPower Ocean
CorPower Ocean brings high-efficiency Wave Energy technology enabling reliable and cost-effective harvesting of electricity from ocean waves.
With our research and development spanning decades, our innovations are inspired by the pumping principle of the human heart. Ocean energy brings stability to the clean energy mix, accelerating the transition to zero-carbon energy.
Headquartered in Sweden, with offices in Portugal, Norway and Scotland, we design, build and install turnkey solutions that allow our customers to power the planet with clean energy from ocean waves.
corpowerocean.com
Media contact
Linda Nyberg
Head of Communications and Public Relations
linda.nyberg@corpowerocean.com
+46 760061915
