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Ocean Power is shifting focus to data centers and CO2 storage operators after the Norwegian parliament halted its electrification of the shelf project. CEO Erling Ronglan highlighted ongoing interest from electricity companies for carbon-negative power solutions.

The company has signed a letter of intent with a data center operator and is in negotiations with others. It has four projects underway, two submitted for approval, and aims to reduce electricity prices to one krone per kilowatt hour. Ocean Power enjoys political support for its gas energy solutions despite challenges in promoting them.