Ocean Harvesting Technologies AB (OHT) is a privately held company founded in 2007 to develop wave power technology.
Wave power is a huge untapped resource of renewable energy that provides more consistent electricity production compared to wind and solar power, and which occurs at different times. This increases the value of produced electricity and reduces the need for energy storage to balance the electrical grid.
Ocean Harvesting is a Swedish wave power company developing the 500kW wave energy converter InfinityWEC since 2017. The main advantages are high annual energy production provided with a breakthrough power take-off (PTO) and model predictive control to optimize energy output from every wave, and the use of circular materials with low cost and low CO2 footprint.
The result is 6 times lower cost of materials and 6 times lower CO2 emissions from the materials used per MW/MWh compared to floating wind power. The technology is developed in collaboration with industrial partners and in joint industry projects.
