CorPower Ocean Revenue and Competitors

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Total Funding

Estimated Revenue & Valuation

  • CorPower Ocean's estimated annual revenue is currently $17.2M per year.(i)
  • CorPower Ocean's estimated revenue per employee is $210,000

Employee Data

  • CorPower Ocean has 82 Employees.(i)
  • CorPower Ocean grew their employee count by 11% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$104.7M39939%N/AN/A
#2
$38.8M168-1%N/AN/A
#3
$17.2M8211%N/AN/A
#4
$525.4M17878%N/AN/A
#5
$6.2M3795%N/AN/A
#6
$5.4M32-9%N/AN/A
#7
$1.8M14-7%N/AN/A
#8
$1.5M12-33%N/AN/A
#9
$36M15644%N/AN/A
#10
$2.3M1864%N/AN/A

CorPower Ocean is bringing a new type of compact Wave Energy Converters to market. The concept includes unique mechanical design, inspired by the pumping principles of the human heart. This is combined with advanced control algorithms that make the converter oscillate in resonance with incoming waves. Active phase control enables 3 times increase in power absorption compared to conventional passive wave power buoys. The result is high power output compared to competing technology with the same physical size and weight. The combination of low investment costs, high capacity factor and an effective maintenance scheme will make wave power competitive with offshore wind, and long term the cost of energy can be pushed down in order to be fully competitive with established energy sources. CorPower is also offering its unique drivetrain technology for electromechanical cylinders targeting heavy lifting and manufacturing equipment.

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Total Funding

82

Number of Employees

$17.2M

Revenue (est)

11%

Employee Growth %

N/A

Valuation

N/A

Accelerator

CorPower Ocean News

2022-04-17 - Wave Energy Market Size And Forecast | Eco Wave Power ...

... Sinn Power, Nemos, Wave Swell, AWS Ocean Energy, CorPower Ocean, Ocean Power Technology, Aquanet Power and AMOG Consulting.

2022-03-30 - CorPower Ocean Partners with Subsea Composite Specialist Diab

CorPower Ocean has partnered with subsea composite specialist Diab for the construction of its first commercial scale Wave Energy Converter...

2022-03-22 - CorPower partners with Diab on full-scale wave device

CorPower Ocean has partnered with subsea composite specialist Diab for the construction of its first commercial-scale wave energy device.

2021-02-23 - SKANDINAVISKA ENSKILDA BANKEN AB Skandinaviska Enskilda Banken : SEB Greentech invests in wave energy technology

SEB Greentech VC, the unit that SEB created in the autumn to invest in green technology, is now making its second investment by participating in a private placement in the Swedish company CorPower Ocean, a global leader in wave energy technology. The company raised 9 million euros in the privat ...

2021-02-23 - Skandinaviska Enskilda Banken : SEB Greentech invests in wave energy technology

SEB Greentech VC, the unit that SEB created in the autumn to invest in green technology, is now making its second investment by participating in a private placement in the Swedish company CorPower Ocean, a global leader in wave energy technology. The company raised 9 million euros in the privat ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$11.5M8221%N/A
#2
$7.5M8264%N/A
#3
$14.8M8230%N/A
#4
$15M8332%N/A
#5
$12M8312%N/A