O Caixa Empreender Award atribuiu um valor de investimento adicional, no valor de 100 mil euros, ao projeto que mais se destacou de um conjunto de 7 startups, previamente selecionadas no âmbito dos programas de aceleração que contam com o apoio do Grupo CGD, BGI, Lisbon Challenge e ACT by COTEC. A Cor Power Ocean foi uma das startups presentes no Caixa Empreender. #thefuturefromscratch Mais sobre o objetivo deste evento em: http://bit.ly/1CzA5BV

1. CorPower Ocean High Efficiency Wave Power page 1
High Efficiency Wave Power
Caixa Empreender
January 27th 2015
Patrik Möller, CEO & Co-founder
corpowerocean.com

2. CorPower Ocean High Efficiency Wave Power page 2
The challenge
Phase control
5 x energy density
Small & light
devices
Effective install
and O&M
Survive…
without being too
large and costly

3. CorPower Ocean High Efficiency Wave Power page 3
Mass production of small compact units drives down cost.
Low inertia,effectivephasecontrol→ high capacity factor.
Distributed energy production with many small units, giving
fault tolerant and predictable output to grid.
Efficient support and maintenance scheme. Quick and simple
install/de-install with standard vessels, enabling low
maintenance cost.
Relatively low investment cost per unit, lowering entry
barriers. (cost of evaluation / capacity expansion of farms).
Energy density (power per m3 and kg) multiple times higher
than competing wave power devices. * (5-30x)
Total cost per kW targeted to be commercially viable on the
global energy market, without subsidising.* (2-5x)
* Design, calculations and assumptions behind the exceptionally high energy density and low cost per kW being
audited in verification projects involving KTH expertise and external engineering firms during Q2-Q3 2012.
Small and powerful – by phase control
Phase control
5 x energy density
Small & light
devices
Effective install
and O&M
Pneu-mechanical
drive train (PTO)

5. CorPower Ocean High Efficiency Wave Power page 5
Customer benefits
5 x 1 / 2
Detuned
in storms 1 / 3
Energy density
> 8 MWh / ton
annually
Size
of absorber
1 / 8 volume
Cost of Energy
< 15 EURc / kWh
in volume
Survivability
limited
extreme loads
Protected by three patent applications

8. CorPower Ocean High Efficiency Wave Power page 8

9. CorPower Ocean High Efficiency Wave Power page 9
Market introduction
2018
Q1 Q2 Q3 Q4 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 Q1 Q2 Q3 Q4
Stage 3, TRL 5-6
2017
Full scale Ocean tests
Stage 5
Pilot wave farms
13 MEUR
Pilot farms
30-40 people
Stage 4, TRL 7-8
6,5 MEUR
Scale 1:1
25 people
4 MEUR
Scale 1:2
10-15 people
Wave tank & HIL tests
1 MEUR
Scale 1:3-1:30
5-7 people
Scale 1:2 Ocean tests
2012 2013 2014 2015 2016
Stage 2
Scale 1:50
3 people
300kEUR
Concept validation
Stage 1
Structured product verification in 5 stages, IEA-OES best practice.
Scale 1:30 Scale 1:3 Scale 1:3 Scale 1:2

10. CorPower Ocean High Efficiency Wave Power page 10
Funding
2012-2014: 2.1 MEUR invested in product verification
Funding mix:
Equity Public & customer Total
2015: 1.5 MEUR seed 2.3 MEUR 3.8 MEUR
2016: 3 MEUR A-round 5 MEUR 8.0 MEUR
2017: 4 MEUR B-round 9.0 MEUR 13.0 MEUR
Total: 8 MEUR 16 MEUR 25 MEUR

11. CorPower Ocean High Efficiency Wave Power page 11
Lean ocean energy startup
Significant market opportunity:
25 billion EUR annual TAM for 30 years
High margin business
Expected gross margin > 60% for WEC business.
1000 systems in revenue, EBIT = 200 MEUR (300MW farm)
Limited capital need
Small modular devices, low CAPEX costs, focused business model
Multiple exit paths, high Return On Investment potential

12. CorPower Ocean High Efficiency Wave Power page 12
Cascade gear Electrical motor
+ =
Additional vertical – actuators for industrial equipment
USP
Velocity
up to 5 m/s
> 90%
Efficiency
Electrification

13. CorPower Ocean High Efficiency Wave Power page 13
corpowerocean.com
Thank you