Atargis develops the CycWEC, a hydrofoil‑based wave energy converter that operates fully underwater to generate 2.5 MW (scalable to 5 MW+) of continuous, predictable electricity.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current renewable energy sources like wind and solar are intermittent and require extensive storage or backup generation, leading to higher system costs and reliability challenges for grid operators. Wave energy has long been seen as a potential solution, but existing technologies struggle to scale to utility‑level power, suffer from low efficiency, and are vulnerable to harsh ocean conditions.
Solution
Atargis offers the CycWEC, a hydrofoil‑based wave energy converter that operates fully underwater to capture the ocean’s continuous motion. By using rotating hydrofoils and a real‑time feedback flow control system, each unit delivers 2.5 MW (scalable to 5 MW+) with up to 95 % wave‑energy capture efficiency. The underwater design provides storm resilience, reduces visual impact, and enables deployment at intermediate depths (50–100 m) where wave energy remains strong and installation costs are lower. Generated electricity is predictable and can be forecast weeks in advance, allowing grid operators to rely on wave power without extensive storage. At a levelized cost of $0.06–$0.11 per kWh, CycWEC competes with wind and solar while offering a stable, 24/7 renewable source.
Target Audience
Primary customers are utility companies, independent power producers, and grid operators seeking reliable, low‑cost renewable generation, as well as offshore energy developers targeting wave‑rich coastal regions.
Features
- Hydrofoil lift mechanism generates high lift forces, converting wave motion to torque with far less drag than traditional devices
- Proprietary feedback flow control algorithm continuously adjusts blade pitch and rotation speed to stay in phase with each wave, achieving ~95 % capture efficiency
- Direct‑drive generator eliminates hydraulic intermediates, improving overall system efficiency and reducing component count
- Submerged operation at 50–100 m depth protects the converter from surface storms and minimizes visual and environmental impact
- Scalable architecture allows linear power increase from 2.5 MW to 5 MW+ per unit, matching utility‑scale requirements
- Simple self‑floating deployment using tugboats and onboard mooring, with no need for heavy‑lift vessels or offshore cranes
- On‑site maintenance via a built‑in jacking system that raises the device above water for servicing, eliminating dive teams
- Dual protection strategy combining 18 hardware patents with proprietary control software to safeguard technology