About CorPower Ocean
CorPower Ocean is a company based in Stockholm (Sweden) founded in 2009 by Patrik Moller. CorPower Ocean has raised $153.12 million across 22 funding rounds from investors including EIT InnoEnergy, European Commission and European Union. CorPower Ocean offers products and services including CorPack, Wave Energy Technology, and Project Development Services. CorPower Ocean operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Floating Power Plant and Schottel Hydro, among others.
- Headquarter Stockholm, Sweden
- Founders Patrik Moller
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Corpower Ocean Ab
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$153.12 M (USD)
in 22 rounds
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Latest Funding Round
$61.7 M (USD), Series B
May 26, 2026
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Investors
EIT InnoEnergy
& 18 more
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Employee Count
Not available
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Products & Services of CorPower Ocean
CorPower Ocean offers a comprehensive portfolio of products and services, including CorPack, Wave Energy Technology, and Project Development Services.
Cluster technology for generating electricity from ocean waves in harsh conditions.
System for capturing wave motion to produce stable renewable energy.
Assessment and delivery services for wave energy projects worldwide.
People of CorPower Ocean
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Funding Insights of CorPower Ocean
CorPower Ocean has successfully raised a total of $153.12M across 22 strategic funding rounds. The most recent funding activity was a Series B round of $61.7 million completed in May 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in CorPower Ocean
CorPower Ocean has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include EIT InnoEnergy, European Commission and European Union.
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A venture capital firm investing in sustainable and deep-tech startups
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A platform for alternative investments is operated by the company.
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Iberis Capital is recognized as a leading private equity and venture capital manager in Portugal.
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Investor details for CorPower Ocean
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Investments & Acquisitions by CorPower Ocean
Investment portfolio details for CorPower Ocean
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Financial Statements - CorPower Ocean
Detailed financials for CorPower Ocean
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Corpower Ocean Comparisons
Peer comparison for CorPower Ocean
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Competitors of CorPower Ocean
CorPower Ocean operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Floating Power Plant and Schottel Hydro, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Ocean energy technologies are provided for intelligent maritime solutions.
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CETO wave energy converters and solar PV systems are provided.
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Modular technology for deep-water offshore wind deployment is engineered.
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Floating wind and wave energy systems are developed and deployed.
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Hydrokinetic turbines and semi-submerged platforms are provided.
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Detailed competitors of CorPower Ocean
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Latest news on Corpower Ocean
Complete news archive for CorPower Ocean
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Frequently Asked Questions about CorPower Ocean
CorPower Ocean was founded in 2009 and raised its 1st funding round 5 years after it was founded.
CorPower Ocean is headquartered in Stockholm, Sweden.
Patrik Moller is the current CEO of CorPower Ocean. They have also founded this company.
CorPower Ocean is a funded company, having raised a total of $153.12M across 22 funding rounds to date.
CorPower Ocean was founded in 2009 in Stockholm, Sweden, and operates in the renewable energy sector focused on wave power. Solutions for wave energy conversion are developed, featuring a point absorber design with a heaving buoy that captures energy from both surge and heave wave motions. Operations center on advancing marine energy technologies for sustainable power generation in coastal regions.
CorPower Ocean's top competitors include Marine Power Systems, Carnegie Clean Energy and Ocean Power Technologies.
CorPower Ocean offers CorPack, Wave Energy Technology, and Project Development Services.
CorPower Ocean has 19 investors. Key investors include EIT InnoEnergy, European Commission, European Union, Cisco Investments, and Almi.