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CorPower has agreed a landmark deal with heat treatment specialist Bodycote.
properties of metals and alloys, extending the life of vital components for a wide range of industries.
The gateway deal opens Bodycote to the ocean energy sector using its Corr-I-Dur® solution to simultaneously improve corrosion resistance and wear properties of CorPower’s next-generation C4 Wave Energy Converters.
Bodycote has built a long-term track record in automotive, aerospace, energy, and broader industrial sectors, and is now breaking into ocean energy after helping Swedish developer CorPower optimise key components in its Wave Energy Converters (WECs).
CorPower’s high-efficiency WECs, inspired by the pumping principles of the human heart, offer five times more energy per tonne of device compared to previously known technologies. Incorporating a series of unique features to boost storm survivability and power capture, the WECs also benefit from thermochemical treatment t
CorPower has secured a private placement of €9 million, bringing equity funding to €20.3 million for the commercial scale demonstration of its HiWave-5 project.