Top 19 Wave Energy startups

Dec 27, 2024 | By Alexander Gillet

These startups capture ocean wave power and convert it into clean and renewable energy.
1
Country: USA | Funding: $68M
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.
3
Country: Denmark | Funding: €15m
Wavepiston provides a low-tech and modular system that harvests the energy in the waves to produce electricity via a standard hydropower turbine and desalinated water via a standard reverse-osmosis system.
4
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.
5
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.
6
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.
7
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.
8
Country: Israel | Funding: $7M
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: 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.
10
Country: Netherlands | Funding: €4.75M
Harnessing wave energy from the oceans to provide renewable energy and services in a sustainable, affordable and resilient way.
11
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.
12
Country: Czech Republic | Funding: $430K
Octoteq is developing offshore renewable energy platforms solar, wind and wave power combined.
13
Country: Ireland | Funding: €200K
Ocean Energy is a pecialised commercial company developing wave energy technology
14
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.
15
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.
16
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).
17
Country: USA
C-Power offers energy generation and storage solutions for marine transportation.
18
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.
19
Country: Italy
Seabreath wave energy is a new highly efficient multi-chamber modular technology for wave energy conversion via oscillating water column (OWCs-WEC)
Editor: Alexander Gillet
Alexander Gillet is a senior editor for EnergyStartups. He has a deep background in energy sector and startups. Alexander graduated from Emlyon Business School, a leading French business school specialized in entrepreneurship. He has helped several non-profit organizations dedicated to promoting environmental education and sustainability and has written over 250 articles on energy technology for various websites. In his free time, Alexander enjoys yoga, camping and exploring the Blue Ridge Mountains. You can contact Alexander at alexgillet(at)energystartups(dot)com