A report featuring CorPower Ocean in world-renowned American business magazine Forbes has underlined the abundant promise of rapidly evolving wave energy.

The Swedish innovators disruptive technology was profiled by InnoEnergy Innovation Director Elana Bou in her latest column exploring wave energy’s ability to democratise renewables as a complementary energy source to wind and solar.

“One of the most intriguing inspirations for wave power comes from the human heart. This concept, discovered by Dr. Stig Lundbäck, has been a driving force behind innovation at CorPower Ocean. Their flagship HiWave-5 demonstration project is taking wave energy to the next level by making wave energy competitive with wind and solar by 2030,” said Elena.

“In August 2023, CorPower made history by installing the first commercial buoy off the coast of Portugal. This buoy is now supplying power to the Portuguese grid and has already withstood numerous storms, proving its commercial viability,” she added. ” The potential of wave energy is enormous, with the U.S. alone having the capacity to generate over 1,400 terawatt-hours (TWh) of electricity per year – enough to power 130 million homes annually. Europe’s wave energy potential is even higher.”

“In my latest Forbes article, I delve into the potential of wave energy in addressing global energy needs. I explore how wave energy could contribute to the democratisation of renewables, making clean energy more accessible, and how it could play a key role in the broader energy mix alongside solar, wind, and other sustainable sources.”

Full article here: https://www.forbes.com/sites/elenabou/2025/02/20/could-wave-energy-become-the-new-nuclear/