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Top 10 Wave Energy startups
Updated: April 21, 2024 |
Wave energy startups are dedicated to developing advanced technologies and systems to harness the power of ocean waves and convert it into clean and renewable energy, including innovative wave energy converters, buoy systems, and offshore infrastructure, aiming to provide a sustainable and predictable source of electricity generation while reducing dependence on fossil fuels and mitigating environmental impacts.
1
Country: USA | Funding: $66.8M
Ocean Power Technologies focuses on capturing and converting wave energy into electricity using innovative power take-off systems.
Ocean Power Technologies focuses on capturing and converting wave energy into electricity using innovative power take-off systems.
2
Country: Finland | Funding: $30.5M
AW-Energy develops WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes into elliptical circulation due to more shallow bottom.
AW-Energy develops WaveRoller - a fully submerged wave energy converter which utilizes wave surge phenomenon. This commonplace effect is observed in near-shore waters where the circular motion of water particles present in open sea waves changes into elliptical circulation due to more shallow bottom.
3
Country: UK | Funding: £10.8M
Mocean Energy develops new technologies which can harness the power of waves – and accelerate the transition to a zero-carbon world.
Mocean Energy develops new technologies which can harness the power of waves – and accelerate the transition to a zero-carbon world.
4
Country: Germany | Funding: $10.1M
SINN Power develops a wave energy converter to supply remote coasts and islands with low-cost, renewable energy from ocean waves.
SINN Power develops a wave energy converter to supply remote coasts and islands with low-cost, renewable energy from ocean waves.
5
Country: USA | Funding: $9M
Oscilla Power's Triton wave energy converter will deliver cost competitive, utility-scale energy by combining best-in-class energy capture and power production with unparalleled reliability and survivability.
Oscilla Power's Triton wave energy converter will deliver cost competitive, utility-scale energy by combining best-in-class energy capture and power production with unparalleled reliability and survivability.
6
Country: Australia | Funding: A$12.8M
Carnegie Clean Energy is a developer of utility scale solar, battery, wave and hybrid energy projects. Carnegie is the only company in the world to offer a combination of wave, solar, battery storage and desalination via microgrids.
Carnegie Clean Energy is a developer of utility scale solar, battery, wave and hybrid energy projects. Carnegie is the only company in the world to offer a combination of wave, solar, battery storage and desalination via microgrids.
7
Country: South Korea | Funding: ₩9B
INGINE is a company that develops technology that converts the energy of waves into electricity, called wave power generation. It aims to provide a replacement for conventional, polluting sources of energy, starting with the use of diesel generators in remote islands and coastal areas.
INGINE is a company that develops technology that converts the energy of waves into electricity, called wave power generation. It aims to provide a replacement for conventional, polluting sources of energy, starting with the use of diesel generators in remote islands and coastal areas.
8
Country: Israel | Funding: $5.1M
Eco Wave Power provides EWP energy devices and solutions. Their wave energy company designs, manufactures and operates the EWP wave energy convertors. They believe that their patented technology is clearly on target to become a world leader in the wave energy field.
Eco Wave Power provides EWP energy devices and solutions. Their wave energy company designs, manufactures and operates the EWP wave energy convertors. They believe that their patented technology is clearly on target to become a world leader in the wave energy field.
9
Country: France | Funding: €921.4K
HACE (Hydro Air Concept Energy) develops offshore floating wave energy converters (WEC) able to generate electricity from waves of only 5 cm high with a carbon footprint below 1 g CO2/kWh. This leads to a price of electricity below 30 USD/MWh. As a fabless concept, a HACE WEC can be fully manufactured in any shipyard to maximise the benefits for local communities. Operation and maintenance can be performed by locals.
HACE (Hydro Air Concept Energy) develops offshore floating wave energy converters (WEC) able to generate electricity from waves of only 5 cm high with a carbon footprint below 1 g CO2/kWh. This leads to a price of electricity below 30 USD/MWh. As a fabless concept, a HACE WEC can be fully manufactured in any shipyard to maximise the benefits for local communities. Operation and maintenance can be performed by locals.
10
Country: Czech Republic | Funding: $430K
Octoteq is developing offshore renewable energy platforms solar, wind and wave power combined.
Octoteq is developing offshore renewable energy platforms solar, wind and wave power combined.
See also:
Top 8 Hydropower startups
Top 8 Hydropower startups
11
Country: Ireland | Funding: €200K
Ocean Energy is a pecialised commercial company developing wave energy technology
Ocean Energy is a pecialised commercial company developing wave energy technology
12
Country: Spain | Funding: €71.4K
Arrecife Energy Systems develops unique wave energy converter. Arrecife is designed to work with the most common waves from 1 to 5 high waves (98%), which means more efficiency both in the manufacturing and in the energy production, working at full capacity during more hours.
Arrecife Energy Systems develops unique wave energy converter. Arrecife is designed to work with the most common waves from 1 to 5 high waves (98%), which means more efficiency both in the manufacturing and in the energy production, working at full capacity during more hours.
13
Country: Australia
Wave Swell Energy developed a world leading proprietary technology that converts the energy in ocean waves into clean and emissions free electricity. This electricity can be transmitted to shore and into the grid, or used to power an onboard or shoreline located desalination facility.
Wave Swell Energy developed a world leading proprietary technology that converts the energy in ocean waves into clean and emissions free electricity. This electricity can be transmitted to shore and into the grid, or used to power an onboard or shoreline located desalination facility.
14
Country: UK
WaveX is developing wave energy converters that can be embedded under the seabed has been named as one of Imperial’s most promising new businesses.
WaveX is developing wave energy converters that can be embedded under the seabed has been named as one of Imperial’s most promising new businesses.
15
Country: USA
AquaHarmonics is dedicated to making wave energy main stream. We are on the leading edge of the blue economy with our Wave Energy Collector (WEC).
AquaHarmonics is dedicated to making wave energy main stream. We are on the leading edge of the blue economy with our Wave Energy Collector (WEC).
16
Country: USA
C-Power offers energy generation and storage solutions for marine transportation.
C-Power offers energy generation and storage solutions for marine transportation.
17
Country: Italy
Seabreath wave energy is a new highly efficient multi-chamber modular technology for wave energy conversion via oscillating water column (OWCs-WEC)
Seabreath wave energy is a new highly efficient multi-chamber modular technology for wave energy conversion via oscillating water column (OWCs-WEC)