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description=CorPower Ocean CEO & Co-Founder Patrik Möller reflects on his journey building wave energy technology into a reliable source of clean energy.;

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turning wave energy into commercial reality skip to main content portfolio ecosystem for startups for investors for industry for students skills institute about us may 28 2026 patrik möller ceo and co founder of corpower ocean wave energy is the missing piece to enable 24 7 clean energy at low cost wave energy has long been described as the missing piece of the clean energy system the ocean offers vast and consistent power especially in winter months when electricity demand is highest yet few technologies have survived the harsh conditions well enough to become commercially viable most attempts have fallen to storms high costs or engineering limitations corpower ocean is one of the companies rewriting that story at the centre of that is patrik möller ceo and co founder of the swedish company now recognised internationally for its breakthrough technology curiosity shaped early on patrik grew up in an environment that valued understanding how things worked when asked about his inquisitive mindset patrik smiles and recalls how his parents encouraged his curiosity and critical thinking they used to say listen to what others have to say but always question if it s right and whether it can be done better that mindset stayed with him and became a defining trait during his master s year at berkeley he became fascinated by semiconductor manufacturing there he developed a cost effective method for forming copper conductors and silicon wafers which became the basis for his thesis and his first company he ran that semiconductor company for about ten years before the financial crisis forced it to sell its technology at the time the next step was uncertain but it ultimately opened the door to corpower a meeting that changed the path when patrik talks about his journey with corpower he makes a special point of mentioning that innoenergy has been with corpower from the very beginning quite literally at the time a patent lawyer friend suggested he meet researchers at the royal institute of technology in stockholm who were working with a new investor innoenergy which he said was backing deep tech inventors and connecting them with entrepreneurs and partners capable of building long term industrial scale businesses this is when patrik met stig lundbäck a cardiologist whose ideas were inspired by the pumping mechanics of the human heart these ideas would become fundamental to corpower s early concept innoenergy was there from day one you could say my co founder stig and i were match made by innoenergy patrik says and to this day their network and continued investment have been central to our success initially however patrik was skeptical about wave energy most of what you had heard and seen in wave energy had been failures despite decades of attempts by many smart people to understand the landscape patrik and the team went directly to the source they visited wave energy groups in trondheim lisbon and edinburgh studying what had worked what had not and why so many efforts had failed one insight stood out devices either failed in storms or became so heavy and costly that the project economics collapsed what emerged was the belief that the physics could be used differently by combining lundbäck s ideas with hydrodynamics research from trondheim and control system work from across europe the team began to see a new path forming corpower ocean s anchor deployment team tested off the coast of northern portugal corpower s system is designed to be among the world s most survivable wave energy converters wecs the big leap switching between generation and survival at the heart of corpower s technology is phase control the uniqueness of our technology is that we can tune and detune the devices based on ocean conditions in storms the buoy effectively becomes passive and doesn t respond to ocean waves in normal sea conditions it moves in sync with the waves which strongly amplifies motion and power capture this way each buoy generates about five times more energy than was previously possible patrik compares it to a familiar mechanism in wind energy blade pitch control in a wind turbine the blades are turned horizontally when winds are too strong and adjusted to capture maximum energy under normal conditions until now this kind of protection and optimisation had been missing in wave energy a major step forward came when corpower integrated inventions from several researchers patrik recalls meeting their lead scientist jørgen hals tudalshaug for the first time and realising how stig s ideas could be combined with his phd research in wave hydrodynamics from trondheim this resulted in the novel wave spring principle a negative spring function combined with a pneumatic pre tension system that became the foundation of the device s ability to switch between amplified motion and survival mode each one of the ideas we got was brilliant but when combined it became an amazing system and when we started testing we got the big a ha moment that this was actually going to fly surviving 18 5 metre waves a turning point for wave energy following a structured development programme corpower progressed over 12 years from tank tests to ocean prototypes and then to full scale deployment in portugal under the hiwave 5 project the pivotal moment came in november 2023 storm domingos struck their full scale c4 device with waves reaching 18 5 metres we survived every one of them and could go back to tuned operation again immediately after patrik calls it the first time commercial scale wave energy converters had demonstrated storm resilience at that level speaking at web summit 2025 this achievement strengthened investor confidence and supported corpower s 32 million euro series b1 round in 2024 backed by nordicninja vc seb greentech and innoenergy later joined by algebris investments eic fund gtt and acario tokyo gas leadership is an ultra marathon patrik describes the journey of leadership as such an ultra marathon what we are trying to solve is hard it s of similar magnitude to solving fusion or sending people into space beyond the technical challenge the real test as a leader has been maintaining motivation through years of complex work today corpower is in its 15 th year for him and his team motivation comes both from progress and purpose on the one hand it s technical progress that people care about but above all it s the conviction that our technology has a clear place in the market wave energy is the missing piece to enable 24 7 clean energy at low cost and to get to net zero and unlock energy sovereignty in europe we really need technologies like this closing the gap with wind and solar the next major milestone is reaching financial close on a 45 machine wave farm in portugal by 2027 part of corpower s planned commercial rollout over ten years the goal is a gigawatt of these devices installed and be cost competitive with wind and solar a technology that was once considered impossible is now moving towards commercial scale and patrik shows no signs of slowing down until he and his team reshape how the world uses its oceans related insights five essential lessons for building europe s solar workforce insights dec 10 2025 european battery industry does not require a rethink it needs a fair shot insights sep 10 2025 who is investing in workforce skills solving europe s skills financing gap insights jul 9 2025 portfolio for investors for industry for startups skills institute for students shareholders centre request for proposals contact terms and conditions privacy policy cookies copyright 2026