NOVIGE AB

NOVIGE AB is rated 3 out of 5 in the category renewables & environment. Read and write reviews about NOVIGE AB. The company is developing a breakthrough and disruptive wave energy converter, Novi Ocean, through Novige AB, 500 kW, 2 MW, 5 MW and 7 MW, starting with the smallest. Our mission: "Saving the climate with profitable wave power". Two approved global patents plus one pending, as well as third-party simulations numbers, all of breakthrough and disruptive character. Member Swedish Scaleups,, alumni Create and ABB SynerLeap incubators. Prototype and full-scale design, construction and testing has been ongoing since 2016 in collaboration with three Swedish universities. The 1-5 scale prototype has now been wave-tank tested, as well as run six weeks in offshore conditions. 2020 will be mainly devoted to design work for the NO500, 500 kW unit, which after testing, will be our first commercial unit. Constructed in 2021/22, for deployment and testing in 2022/23, commercial production 2023/24. An optimistic schedule, but what we aim for. WavEC in Portugal has completed very comprehensive and thorough 800 hrs numerical modelling, simulating hydrodynamic performance and storm survivability. as well as calculated projected Levelized Cost Of Energy (LCOE). Since we are starting at a cost per MWh 1/4 of what wind power did, the same learning curve will reduce costs faster than the mature offshore wind power industry, opening up a 50 billion market only by that. Medium learning curve with factor 3.5, shows 20-25 EUR/MWh for stable energy, at maturity. The close-to shore potential is seven times larger than all installed wind power globally. twice that of nuclear power, with immense environmental positive impact. If we are one of seven future solutions for wave power, our market share has a total value of 300 billion EUR... License agreements will be available at a very low cost, to be able to deploy globally in the thousands, to fulfill our mission. Large sections of NoviOcean will be produced at local shipyards around the globe, Also on FB and Jan G. Skjoldhammer profile