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CorPower Ocean

Head of Finance

Become the Head of Finance at CorPower Ocean in Stockholm, Sweden. Lead financial strategy and reporting for a pioneering cleantech company focused on ocean wave energy. Enjoy autonomy, flexibility, and the chance to drive impactful growth while managing a high-performing finance team. Contribute to the energy transition and prepare for a successful IPO within 5-7 years.
CorPower Ocean
CorPower Ocean
Stockholm, Sweden Flexible Full Time UTC+01:00

CorPower Ocean

Company Overview

CorPower Ocean AB

Stockholm, Sweden

2009

Approximately 80 employees (source: andersnord.com). No public revenue disclosures for 2023 or later.

What They Do

CorPower Ocean focuses exclusively on wave energy technology, developing point absorber wave energy converters (WECs) that harness ocean waves as the world's largest untapped renewable source. Their technology delivers over five times more electricity per tonne of equipment than prior state-of-the-art systems (source: corpowerocean.com). The core products include CorPack modular clusters with capacities ranging from 10-30 MW, which comprise WECs, moorings, anchors, intra-array cables, floating collection hubs, and electrical systems. These are designed for scalable utility-scale wave farms, utilizing a heart-inspired pumping principle with pre-tensioned WaveSpring for phase control, allowing for high efficiency in normal waves and survivability during storms (source: corpowerocean.com).

CorPower's services span the entire project lifecycle, starting from Stage 1 Opportunity Assessment, which includes yield analysis, conceptual design, and cost estimation, to Stage 2 Project Development involving detailed design and finance, and finally Stage 3 Project Delivery, which encompasses manufacturing and installation (source: corpowerocean.com). Their target markets are primarily coastal regions, where they aim to complement existing wind and solar energy sources with stable output, catering to developers, utilities, and governments seeking 24/7 clean energy solutions. Key differentiators include their lightweight composite design and the world's largest 7.2 MW dry-test facility located in Stockholm, which is used for simulated global wave testing (source: corpowerocean.com).

Projects & Track Record

CorPower Ocean has completed notable projects such as the 1:2 scale C3 prototype, which was deployed at the European Marine Energy Centre (EMEC) in Orkney, Scotland, between 2018 and 2019. This project successfully demonstrated the performance and survivability of their technology. More recently, in September 2023, they installed the first commercial-scale C4 device at Aguçadoura in northern Portugal, which generated electricity in regular sea conditions and survived harsh weather, subsequently being recovered for upgrades before redeployment (source: wikipedia.org). Ongoing major projects include the HiWave-5 demonstration in Portugal, which is supported by a 7.3 million EUR investment from AICEP, and the development of next-generation type-certified devices aimed at bankable farms (source: corpowerocean.com). Their geographic presence spans Sweden, Portugal, Scotland, and Norway, emphasizing local job creation through modular CorPacks for global coastal rollout (source: corpowerocean.com).

Recent Developments

In 2023, CorPower Ocean achieved a significant milestone by deploying and operating the commercial-scale C4 WEC in Aguçadoura, validating both its survivability and electricity generation capabilities. Following this, the device was recovered for maintenance and upgrades, while the company pursued prototype certification (source: eicscalingclub.eu). They are also advancing next-generation devices toward type certification for commercial viability and continuing the execution of the HiWave-5 project (source: corpowerocean.com). In the recently concluded COMPACT project, CorPower partnered with OPS Solutions to develop and test a lightweight composite pre-tension cylinder prototype, targeting PED certification at 900 bar pressure to reduce costs and mass (source: corpowerocean.com). The company has not reported any major acquisitions or mergers, but they continue to grow their team, which now consists of approximately 80 employees (source: eicscalingclub.eu).

Working There

CorPower Ocean offers a variety of roles spanning engineering disciplines such as hydrodynamics, power take-off (PTO), composites, marine operations, machinery integration, and project management. The team, which has grown to approximately 80 employees from 20 different countries, is characterized by a culture that emphasizes courageous problem-solving and diligence in physics-based testing (source: eicscalingclub.eu). Hiring occurs at their Stockholm headquarters, as well as in Viana do Castelo, Oslo, and Stromness, reflecting their diverse operational needs (source: wikipedia.org). The company promotes a mission-driven environment that attracts global talent, with a focus on innovation and practical solutions to complex challenges in wave energy technology (source: corpowerocean.com). While specific employee benefits are not documented, their careers page invites potential candidates to join their mission to "power the planet" alongside partners like EIT InnoEnergy (source: corpowerocean.com).

Contact


Last updated on 2026-02-12 | Report an issue

Working at CorPower Ocean you will be part of a world class team, determined to make big impact. We are on a mission to Power the Planet with clean electricity from ocean waves. We offer autonomy and flexibility, combined with personal responsibility. CorPower Ocean is a global cleantech leader with a technology that has shown game-changing performance. Your work will contribute to the energy transition by unlocking one of the largest untapped sources of clean energy on earth. Since the start in 2012 CorPower has raised more than 115mEUR in top-co funding and close to ???100M in project finance to bring the first bankable wave energy technology to market supporting a growing commercial project pipeline.

Role

As Head of Finance you will guide CorPower Ocean through a phase of ambitious growth. You are a key member of the leadership team, responsible for financial strategy, accounting, reporting, control, and compliance across a multinational, capital-intensive industrial organization.

You are a hands-on finance leader who enjoys working close to the numbers-shaping financial systems, models, and reporting while personally analysing product, project, and contract economics. You are comfortable operating across altitudes, from capital strategy and investor discussions to detailed cost, margin, and cash-flow analysis.

You will drive high standards of financial management and scalable processes to support rapid growth across product development, manufacturing, assembly, offshore installations, EPC delivery, and long-term O&M operations. You will lead a high-performing international finance team of 5-6 people while staying closely involved in modelling, analysis, and key decisions, working in close collaboration with commercial, project, engineering, supply chain, and executive teams.

Travel: To operational sites, financers and partners

Responsibilities

Financial Planning, Accounting & Control

  • Lead financial planning, forecasting, modelling, and capital allocation across product, project, and corporate activities
  • Develop and maintain business, unit-economics, and project models, including cost build-ups, learning curves, and scale effects
  • Own contract-level profitability, cash flow, and revenue recognition across OEM, EPC, and O&M agreements
  • Oversee group accounting, consolidation, tax, treasury, and cash management across international entities
  • Ensure accurate, timely financial reporting and KPI tracking
  • Optimize liquidity, working capital, and cash-flow planning

Capital Strategy, Funding & Project Finance

  • Support the company's capital strategy. Spanning equity, project finance, grants, debt, guarantees, and other non-dilutive funding instruments
  • Act as financial interface towards lenders, export credit agencies, and financial partners
  • Support bankability efforts through robust financial models, sensitivities and downside cases
  • Structure project companies (SPVs), intercompany arrangements, and cash-flow mechanics
  • Lead financial due diligence processes with investors, lenders, customers, and strategic partners

Risk,Compliance & Governance

  • Lead financial risk management across operations, projects, and commercial contracts
  • Ensure compliance with financial, tax, and regulatory requirements across jurisdictions
  • Lead audits, internal controls, and financial governance aligned with public-company standards
  • Manage FX exposure, insurance, guarantees, warranties, and long-term contractual commitments
  • Responsible for legal and corporate governance matters in cooperation with external advisors
  • Insurance, warranty and guarantee structures connected to our wave farm OEM and EPC offering

Operational Excellence & Systems

  • Own and continuously improve the finance systems (ERP, project accounting, BI, forecasting)
  • Drive automation and digitalisation of financial and operational data
  • Embed data-driven decision-making to improve cost efficiency, margins, and capital productivity
  • Prepare the company for a successful IPO within 5-7 years
  • Support board and shareholder processes, acting as corporate secretary

Skills and Qualifications

  • Advanced degree in Business, Engineering, Finance, or related field
  • 10+ years of senior finance experience, preferably in deeptech, industrial or energy
  • Strong hands-on experience in financial modelling, analysis, and business planning
  • Ability to translate complex technical and operational topics into clear financial insight
  • Experience with group accounting, international operations, and capital-intensive, project-based businesses
  • Strong understanding of long-term contracts and complex revenue and cost structures
  • Proficient in modern financial systems and digital tools
  • Clear, confident communicator with strong stakeholder management skills
  • Collaborative leader with resilience and stamina for long-cycle industrial businesses
  • Fluent in English

As a person, you:

  • are striving for excellence, put quality into everything you do
  • are self-motivated and constantly seek the most efficient ways to work
  • search for simple and sustainable solutions to difficult problems
  • love to learn new things, and take pride in constantly developing your skills
  • are persistent, knowing it takes stamina to reach pioneering goals
  • see your tasks through to completion
  • are comfortable in presenting your solutions internally and externally
  • are data driven and strive to always back your points with solid analysis

Apply now

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About the role

February 4, 2026

Full Time

Company

February 17, 2026

Flexible

CorPower Ocean

corpowerocean.com

  •  Stockholm, Sweden

10+ years of senior finance experience

UTC+01:00

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