€750k investment to help renewable energy research

Ireland’s marine and renewable energy research centre, MaRei, has secured its largest private investment, which will see it explore economic opportunities in the renewable energy sector.

The €750,000 investment by the NTR Foundation, an independent philanthropic organisation, will help MaRei’s researchers exploit commercial opportunities for SMEs that help meet the country’s energy needs.

To date, most research has focused on renewable electricity sources but MaReihopes its work will take a wider remit by examining all sectors of the economy, according to MaRei principal investigator and professor of energy policy and modelling at UCC, Brian Ó Gallachóir.