Ocean Harvesting Technologies AB

Ocean Harvesting Technologies AB, based in Gothenburg and Karlskrona, aims to become an important part of the future renewable energy mix by developing and commercializing InfinityWEC, a 500 kW point absorbing wave energy converter with a highly efficient, compact and light-weight power take-off, and a low-cost buoy made of high performance concrete and EPS in a honeycomb structure.

A transition from fossil fuel to renewable energy is critical to mitigate climate change. Furthermore, electricity demand is growing very fast. Solar and wind power are leading the renewable transition but will not be sufficient given the enormous scale of the transition. As the share of renewable energy grows, energy systems require increasing amounts of costly storage and over-capacity as well as grid flexibility. 

Wave power is an enormous, untapped source of clean energy and its complementary power profile will mitigate these problems and improve grid balance, as it produces electricity more consistently and at different times than wind and solar.