CorPower Ocean has secured a EUR 40m grant from the EU Innovation Fund to support the development of VianaWave, a pre-commercial 10MW wave energy farm to be deployed off the coast of northern Portugal.
Global leader in wave energy technology CorPower Ocean has secured two new strategic investors - Acario, the Silicon Valley-based venture investment arm of Tokyo Gas, and GTT Strategic Ventures, the investment fund of French technology and engineering group GTT, as part of its Series B funding round.
The European Commission has officially named ocean energy as one of only two technologies that count toward the EU’s innovative renewables target, calling on member states to dedicate 5% of new renewable capacity to innovative technologies by 2030.