CorPower Ocean wins world’s first DNV certification for wave energy converter

Swedish wave energy company CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for its wave energy converter, marking a major leap towards bankable, utility-scale wave energy, the company announced on Tuesday.

The certification for the company’s C4 wave energy converter confirms it meets DNV’s standards for safety, reliability and structural strength following an independent assessment.

CorPower said the certification lowers technology risk, making it easier to secure financing, insurance and investment for future wave energy projects.

“This is a historic milestone, for CorPower Ocean and the sector. It moves wave energy from being a promising technology to being a proven and bankable one. I am immensely proud of our team for making CorPower the first wave energy technology to pass this bar,” CorPower Ocean co-founder and CEO Patrik Möller, was quaoted as saying.

The news comes as CorPower Ocean advances its first two industrial wave farms, in Portugal and Scotland. It forms part of a broader ambition to elevate wave energy into the world’s third-largest renewable energy source, complementing wind and solar to deliver the lowest-cost clean energy mix around the clock.

The certificate follows a seven-year review process during which DNV assessed the device’s design, engineering, manufacturing, testing, installation and operation, including its performance in storm waves of up to 18.5 meters.

• The news comes as CorPower Ocean