Ocean Harvesting Technologies AB Secures Funding to Accelerate Next-Generation InfinityWEC Wave Energy Converter

Ocean Harvesting Technologies AB is thrilled to announce that it has successfully raised 200,000 in its latest funding round. This exciting milestone not only underscores the growing confidence in renewable energy ventures but also spotlights the breakthrough innovations led by OHT since 2017. As a pioneering privately held company, OHT is dedicated to developing its revolutionary InfinityWEC wave energy converter – a state-of-the-art technology engineered to harness the immense power of ocean waves in a highly efficient and sustainable manner. The InfinityWEC device is designed to extract maximum energy from every individual wave, utilizing breakthrough power take-off systems coupled with advanced force control technology. Such engineering ingenuity promises high annual energy production, marking a significant stride in the renewable energy sector. Moreover, the wave energy converter is predominantly constructed from circular materials, which are not only low in cost but also boast a minimal CO2 footprint. This commitment to resource efficiency ensures that every megawatt or megawatt-hour produced is achieved with reduced weight and lower costs, while simultaneously contributing to a healthier planet by minimizing carbon emissions. The recently raised funds will play a critical role in further refining the InfinityWEC concept, aiding in enhancing its performance and scalability, and supporting comprehensive testing in real ocean conditions. By investing in innovations that prioritize both efficiency and environmental stewardship, Ocean Harvesting Technologies AB is setting a new benchmark in wave energy conversion. This latest financial boost is a testament to the company’s vision of a cleaner, more sustainable energy future, and it propels OHT confidently towards the next phase of commercial development and global impact.