Important conclusions drawn after extensive tests in France

During the summer, Novige's wave power concept NoviOcean underwent extensive tests at the ECN's research laboratory (LHEEA) in Nantes, France. All results were satisfactory, and several important conclusions are drawn. Among other things, it was found that in a place with medium-wave energy flux (e.g., Pilot Zone, Portugal), the average energy can reach up to 250 kW per unit, which indicates a capacity factor (CF) of 50% and more than 2000 MWh / year, and that a similar capacity factor can be maintained for larger units up to 2 MW nominal capacity.

- We can also state that the NoviOcean unit in full scale with an output of 500 kW (NO500) is expected to reach its full capacity at waves with a significant height of 3.5 meters. This verifies our previous third-party simulations, says Jan Skjoldhammer, founder and CEO of Novige AB.

Novige plans to have the first full-scale NO500 unit developed and ready for development in 2024 with a total cost of 5 million euros, which is a fraction of what other wave energy developers have used for lower-powered units.

- Wave energy is among the largest untapped green energy sources in the world and balancing with other sources will reduce the need for storages with long carbon payback time, concludes Jan Skjoldhammer.

For further information; jan.skjoldhammer@novicoean.energy