Illustrative hybrid renewable portfolio combining wave energy converters and offshore wind

Why wave · The portfolio case

A stronger renewable mix.

Wave energy brings a complementary renewable resource to the energy mix. Ngaru is assessing its role in electricity supply for data centres, industry and other high-energy users.

Whole-system value

Timing changes the economics.

A generation technology cannot be judged only by its stand-alone cost. For an always-on buyer, the relevant question is the cost of the complete portfolio needed to match demand: generation, storage, grid purchases, curtailment and surplus.

International modelling explores how wave energy can fit within a renewable portfolio. Local feasibility work will assess its value for Aotearoa.

CorPower Ocean illustration comparing offshore wind and wave energy density — CorPower Ocean portfolio illustration · conceptual comparison, not an Aotearoa site design

Illustrative future CorPower Ocean wave farm array

The value of the energy mix

Strengthening the renewable energy mix.

Wave energy adds a different generation profile to a renewable portfolio. Its potential value for electricity buyers depends on local resources, generation timing, storage and network requirements.

GenerationAssess how wave energy complements other renewable sources.

Electricity demandExplore supply for data centres, industry and other high-energy users.

Local evidenceTest the resource, network and commercial case through feasibility.

Further reading: CorPower Ocean’s whitepapers explore international modelling. Ngaru’s project economics will be assessed through local feasibility work.

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