Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on Google
CorPower Ocean secures investments from Tokyo Gas and GTT Strategic Ventures to advance wave energy technology, raising 118 million euros.
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.
The investors are an investment arm of Japanese energy utility Tokyo Gas and GTT Strategic Ventures, the investment fund of French technology group GTT.
CorPower Ocean said the investment amounts are not made public.
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)
The new investors are an investment arm of Tokyo Gas and GTT Strategic Ventures, the investment fund of French technology group GTT.
CorPower Ocean has secured 118 million euros ($137 million) in funding from private and public investors.
CorPower Ocean is developing demonstration-scale wave energy projects in Europe, which are still in the early development stages.
Around half of the funding is from public sources, while the remainder comes from equity investors.
CorPower Ocean has successfully demonstrated four generations of its unique wave energy technology.
Explore more articles in the Finance category
