CorPower Ocean AB, a leading wave energy technology company, has completed share registration from its Series B financing round of €53 million in total proceeds. This announcement follows the release of CorPower Ocean’s annual report of 2025.
Over the last year, Algebris Investments and EIC Fund joined the Series B investor consortia led by Nordic Ninja, SEB Greentech, InnoEnery, and including Santander Asset Management, Iberis Capital, Cisco Investments, GTT Strategic Investments, and Acario (the investment arm of Tokyo Gas). The investment further strengthens CorPower Ocean’s capital base and its capacity for continued growth as it advances toward commercial scale deployment of wave energy technology.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2026 issue
The first issue of 2026 is here! The Spring issue starts with a report about price cannibalisation, and the effects on the renewable energy industry before moving on to articles on topics including electrical infrastructure, solar optimisation, and site surveys and mapping, with contributors from industry leaders such as CESI SpA, APEM Group, North Star, and more – don’t miss out!