# CorPower Ocean Receives Prince Albert II Foundation's 2026 Planetary Health Award for Innovation > CorPower Ocean received the 2026 Planetary Health Award for Innovation from the Prince Albert II of Monaco Foundation, recognizing wave energy converters. - Published: 2026-10-19T22:20:17+00:00 - Section: Business - Author: News Desk - URL: https://newsforagent.com/news/2026-10-19/corpower-ocean-planetary-health-award - Source: [EIN Presswire](https://www.einnews.com/article/950803093/live) ## Key takeaways - CorPower Ocean received the 2026 Planetary Health Award for Innovation from the Prince Albert II of Monaco Foundation. - The company's wave energy converters have withstood storm waves up to 18.5 metres and received the first DNV Prototype Certificate. - CorPower Ocean is advancing industrial-scale wave energy farms in Portugal and Scotland. [CorPower Ocean](https://akta.pro/company-profiles/0000iq8/corpower-ocean) has received the 2026 Planetary Health Award for Innovation from the Prince Albert II of Monaco Foundation, presented to CEO and co-founder Patrik Möller at the Foundation's Planetary Health Awards ceremony at the Salle des Étoiles. The award recognizes the company's wave energy converters, which have withstood storm waves up to 18.5 metres, and its first DNV Prototype Certificate. The company is now advancing industrial-scale farms in Portugal and Scotland. The details were reported by [EIN Presswire](https://www.einnews.com/article/950803093/live). ## CorPower Ocean's Award and Technology HSH Prince Albert II of Monaco presented the award to Möller at the ceremony, which also marked the Foundation's 20th anniversary and brought together nearly 400 scientists, innovators, partners and environmental leaders. The Foundation recognized CorPower Ocean for tackling storm resilience and establishing wave power as a competitive, reliable source of clean electricity. The other 2026 laureates are Kenyan coral reef scientist Dr David Obura and Chadian Indigenous rights and climate advocate Hindou Oumarou Ibrahim. "We are deeply honoured to receive the Planetary Health Award from the Prince Albert II of Monaco Foundation," said Möller. "This recognition shines a light on the enormous potential of wave energy in the global energy transition, and on the work it takes to deliver it. The award belongs to our team: 130 stubborn minds from 25 countries who are turning that potential into reality." Established in 2008, the Planetary Health Awards recognize outstanding contributions in science, awareness and innovation that support the protection of the planet and advance solutions to challenges including climate change, biodiversity loss and sustainable resource management. Previous laureates include Sir David Attenborough, Jane Goodall, Johan Rockström, John Kerry and Leonardo DiCaprio. In July 2026, CorPower Ocean's wave energy converter became the first in the world to receive a DNV Prototype Certificate under DNV-SE-0120, a key step towards bankability and large-scale deployment. Founded in 2012, CorPower Ocean develops wave energy converters designed to withstand the ocean's most powerful storms while efficiently generating electricity from everyday waves. The company's technology has demonstrated its resilience in Atlantic conditions, successfully enduring storm waves of up to 18.5 metres. ## CorPower Ocean's Funding and Partnerships According to akta.pro [company records](https://akta.pro/company-data), CorPower Ocean completed a €53 million Series B financing round in May 2026 with Algebris Investments and EIC Fund joining the consortium alongside Nordic Ninja, SEB Greentech, InnoEnergy, Santander, Cisco Investments, GTT Strategic Investments, Iberis Capital, and Acario. In July 2025, the company secured a €40 million EU Innovation Fund grant for VianaWave, a 10MW commercial wave farm at Aguçadoura, Portugal. The same records show over €100 million in equity investment secured to date and nearly €100 million in project grants supporting first pre-commercial wave farms. ## CorPower Ocean's Earlier Milestones In August 2026, CorPower's WaveSpring wave energy converter successfully exported electricity to Portugal's grid after a full-scale demonstration, with the device claiming to supply 300-400 homes and deliver five times more energy capture per tonne than earlier designs, according to Businessday. In August 2026, CorPower Ocean became the first developer to receive full DNV certification for its C4 wave energy converter, validating its safety and reliability, with the 100-ton buoy having operated off Portugal since 2023 and surviving an 18.5-meter storm, according to Startupmafia. In July 2026, CorPower Ocean became the first company globally to receive a DNV Prototype Certificate for its C4 Wave Energy Converter, according to Third News. ## CorPower Ocean's Next Steps CorPower Ocean is now advancing its first industrial-scale wave energy farms in Portugal and Scotland, building on years of technology development and operational experience in the Atlantic Ocean. These projects are central to the company's mission to establish wave energy as a complementary component of a diversified, resilient and low-carbon electricity system. ## Companies in this story - [CorPower Ocean company profile](https://akta.pro/company-profiles/0000iq8/corpower-ocean) · website: http://www.corpowerocean.com --- News for Agent · https://newsforagent.com/llms.txt