CorPower Ocean awarded €17.5 million in EIC Accelerator funding

Sweden-based CorPower Ocean has been awarded €17.5 million in funding from the EIC Accelerator to accelerate the commercialization of its wave energy technology. The funding consists of a €2.5 million grant and a €15 million equity investment. This program aims to support innovations in renewable energy resources and their entire value chain, highlighting the importance of wave energy in contributing to a sustainable energy future.