SeaPower will receive €1m to test their wave energy coverter at quarter scale in Galway Bay while GKinetic will receive €200,000 to conduct towing tests of their Tidal Turbine System in Limerick Docks.
Speaking today to delegates from the US, Canada, Australia and throughout Europe, Alex White, Irealnd’s Minister for Communications, Energy and Natural Resources said he was “committed” to seeing the ocean energy sector deliver on its potential:
“I believe that Ireland has put in place the right building blocks to unlock the enormous potential around us. Collaboration is key. Ireland is open for business, and keen to explore collaborative opportunities – whether with our near neighbours or further afield, such as with the US.”
International collaboration is identified in Ireland’s Offshore Renewable Energy Development Plan as a ‘key policy action’ to enable development of the sector.
SEAI chief executive Brian Motherway called it an “exciting time” for ocean energy in Ireland: “With a sea area ten times our land mass, this market has the potential to be worth €15bn to Ireland’s economy by 2050.
Tony Lewis, Ocean Energy, said the funding was a “milestone project” and a “welcome endorsement” – not only for ocean energy but for the entire marine renewables industry”.
Further information from: http://www.oceanenergyireland.com