Wave energy is becoming a major renewable energy source, with the potential to generate 770 terawatt-hours annually along U.S. coastlines, enough to power approximately 71 million homes. Unlike solar and wind, wave energy provides a consistent, year-round power supply, crucial for stabilizing renewable energy grids.
Recent technological advancements are driving this progress. CorPower Ocean is pioneering advanced buoy systems with a "point absorber" design that maximizes energy capture from both wave crests and troughs. The integration of WaveSpring resonance technology synchronizes buoy motion with incoming waves, further optimizing energy capture. In March 2025, CorPower Ocean secured funding to integrate artificial intelligence (AI) into its wave energy technology, in collaboration with the Norwegian University of Science and Technology (NTNU). The WACE (Wave energy AI-based Control Enhancement) project, which runs until November 2025, aims to optimize performance and control strategies for wave energy converters (WECs).
AI enhances wave energy systems by enabling real-time adjustments for maximum production and equipment safety. These innovations make wave energy more scalable and economically viable, paving the way for a sustainable energy future. CorPower Ocean is scheduled to deploy its first cluster of four devices off the coast of Portugal throughout 2025.