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    Home > Finance > Wave energy developer CorPower Ocean secures two more investors
    Finance

    Wave energy developer CorPower Ocean secures two more investors

    Published by Global Banking & Finance Review®

    Posted on July 17, 2025

    1 min read

    Last updated: January 22, 2026

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    Tags:renewable energyinvestmentventure capitaltechnologysustainability

    Quick Summary

    CorPower Ocean secures investments from Tokyo Gas and GTT Strategic Ventures to advance wave energy technology, raising 118 million euros.

    Table of Contents

    • CorPower Ocean's Latest Funding Round
    • New Strategic Investors
    • Funding Details and Technology Development
    • Investment Breakdown

    CorPower Ocean Attracts New Investors in Wave Energy Funding Round

    CorPower Ocean's Latest Funding Round

    LONDON (Reuters) -Sweden-based wave energy technology company CorPower Ocean said on Thursday it had secured two new strategic investors as part of its latest funding round.

    New Strategic Investors

    The investors are an investment arm of Japanese energy utility Tokyo Gas and GTT Strategic Ventures, the investment fund of French technology group GTT.

    Funding Details and Technology Development

    CorPower Ocean said the investment amounts are not made public.

    Investment Breakdown

    The two companies join other investors, including clean tech firms NordicNinja VC, SEB Greentech, InnoEnergy, and investment companies Cisco Investments, Santander Asset Management and Iberis Capital, CorPower Ocean said.

    CorPower Ocean is developing demonstration-scale wave energy projects in Europe, which are still in the early development stages.

    "CorPower Ocean has now secured 118 million euros ($137 million) in funding from private and public investors and successfully demonstrated four generations of its unique technology," Patrik Möller, the company's chief executive told Reuters.

    Around half of that is from public funding and the remainder from equity investors, he added.

    ($1 = 0.8628 euros)

    (Reporting by Nina Chestney; Editing by Sharon Singleton)

    Key Takeaways

    • •CorPower Ocean secures new strategic investors.
    • •Investors include Tokyo Gas and GTT Strategic Ventures.
    • •Funding supports wave energy technology development.
    • •CorPower has raised 118 million euros in total funding.
    • •Projects are in early development stages in Europe.

    Frequently Asked Questions about Wave energy developer CorPower Ocean secures two more investors

    1Who are the new investors in CorPower Ocean?

    The new investors are an investment arm of Tokyo Gas and GTT Strategic Ventures, the investment fund of French technology group GTT.

    2How much funding has CorPower Ocean secured?

    CorPower Ocean has secured 118 million euros ($137 million) in funding from private and public investors.

    3What type of projects is CorPower Ocean developing?

    CorPower Ocean is developing demonstration-scale wave energy projects in Europe, which are still in the early development stages.

    4What is the source of CorPower Ocean's funding?

    Around half of the funding is from public sources, while the remainder comes from equity investors.

    5What technology has CorPower Ocean demonstrated?

    CorPower Ocean has successfully demonstrated four generations of its unique wave energy technology.

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