Ocean Harvesting Technologies AB

Ocean Harvesting Technologies AB is a Swedish startup founded in 2007 with a primary focus on developing wave power technology. The company's flagship product, InfinityWEC, incorporates advanced force control and AI capabilities, addressing key challenges in the wave power sector. Notably, the technology promises higher energy production, lower costs, and enhanced reliability compared to other wave energy converter (WEC) technologies. Additionally, the integration of flywheel energy storage allows for a constant and predictable power output, enabling revenue optimization through participation in day-ahead electricity markets. In 2017, Ocean Harvesting Technologies AB secured a €50.00K grant investment from EASME - EU Executive Agency for SMEs. The startup differentiates itself by leveraging proven technologies from other industries, facilitating a rapid and capital-efficient route to market. With extensive know-how in wave power applications and strong patent protection for the InfinityWEC system, Ocean Harvesting Technologies AB presents an intriguing investment opportunity in the energy and energy storage sectors.