9 Best Wave Power Startups to Watch in 2025

The Definitive Seedtable Ranking of Wave Power Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 9 start-ups with an aggregate funding of $129.7m. The average funding per company in this subset is $14.4m.

Last update to the database: Feb 18, 2025. See changelog.

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8

Funding Rounds

$73.3m

Money raised

CorPower Ocean is a wave energy converter solutions provider founded in 2012 by Patrik Möller .

Location:

Key people:

5

Funding Rounds

$2.5m

Money raised

Resolute Marine Energy, Inc is a Boston-based renewable energy company.

Location:

Key people:

1

Funding Rounds

AW-Energy is a developer of electricity generation technology from ocean waves. It has developed Wave Roller that converts ocean waves into energy and electricity. The wave roller can be fully submerged and anchored operates in near-shore areas at depths of between 8 and 20 meters. The bottom fixed panel of the device which acts as an oscillating wave surge converter captures the ocean wave energy and converts the movement to electricity using the power storage and hydraulic system. The electrical output generated from this renewable wave energy power plant is connected to the electric grid via a subsea cable.

1

Funding Rounds

$6.8m

Money raised

Producer of freshwater from the occean using wave energy.

Location:

Key people:

2

Funding Rounds

$2.3m

Money raised

Oscilla Power, a US-based company, focuses on developing wave energy harvesting systems. The company's patented iMEC technology platform enables low-cost magnetostrictive alloys to convert mechanical energy into electrical energy.

1

Funding Rounds

$2.7m

Money raised

Mocean Energy Ltd is a wave energy machine manufacturer founded in 2013 by Cameron McNatt.

Location:

Key people:

1

Funding Rounds

$17.4m

Money raised

Aquamarine Power was a leading wave energy company, developing the innovative Oyster wave energy technology. Aquamarine Power ceased trading on November 20th, 2015.

Industries:

Location:

1

Funding Rounds

$24.0m

Money raised

1

Funding Rounds

$668.0k

Money raised

Trident Energy is a company founded in 2003.

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