CorPack - Turnkey building block for scaling novel wave energy technology into competitive utility-scale wave farms

Project Information

CORPACK

Grant agreement ID: 101218387

DOI 10.3030/101218387

EC signature date 4 June 2025

Start date 1 July 2025

End date 30 June 2027

Funded under

• The European Innovation Council (EIC)

Total cost No data

EU contribution € 2 499 999,00

Coordinated by

CORPOWER OCEAN AB
Sweden

Objective

Global electricity demand is set to double by 2050, with 90% expected to be generated by RES. Solar PV, wind, and storage are essential but will be insufficient alone to achieve net-zero. With 60% of the global electricity generation today being still dependent on fossil fuels, accelerating the transition to net-zero requires a RES diversification able to supply 24/7 demand for electricity with 100% clean power. Wave energy could supply 10% of the world’s electricity demand, playing a crucial role in a balanced and cost-effective RES mix. However, this potential remains untapped. Historically, wave technologies have either broken in the harsh ocean conditions or have been too large and costly compared to their power output. This has resulted in setbacks related to perceived risk and bankability. Informed by 40 years of hydrodynamic research, CorPower Ocean developed and proven at TRL 7 a unique Wave Energy Converter (WEC) technology that makes devices naturally protected in storms and uses novel control technology that strongly amplifies the power capture in regular waves. This allows to deliver more than 5x as much power per amount of equipment compared to the previous state-of-the-art. High structural efficiency enables simple installation and effective O&M methods, providing a very competitive LCOE-curve to make wave energy a mainstream energy source in the coming years. We design, manufacture, and deliver our technology as CorPack wave clusters with 10-30MW capacity. CorPacks are building blocks that are laid out side-by-side to form utility-scale wave farms (100s of MW to GW-scale). Now, we seek blended support from the EIC to standardize our core WEC technology so it can scale up into wave farms and to develop the engineering package of the CorPack product. The EIC will help us become a turnkey supplier of wave energy systems, reach FID on our first wave farm projects, and support CorPower’s ambitious target of installing 600MW of clean wave energy by 2032.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

• engineering and technology › environmental engineering › energy and fuels

You need to log in or register to use this function

Keywords

• Wave Energy
• Wave Energy Converter
• Wave Energy Farm
• Ocean Energy
• Offshore energy

Programme(s)

• HORIZON.3.1 - The European Innovation Council (EIC) Main Programme

Topic(s)

• HORIZON-EIC-2024-ACCELERATORCHALLENGES-06 - Renewable energy sources and their whole value chain including materials development and recycling of components

Call for proposal

HORIZON-EIC-2024-ACCELERATOR-02

Funding Scheme

HORIZON-EIC-ACC - HORIZON EIC Accelerator

Coordinator

CORPOWER OCEAN AB

• Net EU contribution: € 2 499 999,00
• Address: VASTBERGA ALLE 60 BV ; 126 30 Stockholm ; Sweden
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Östra Sverige › Stockholm › Stockholms län
• Region: Östra Sverige › Stockholm › Stockholms län
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: No data