Irish wave energy company in deal with Chevron

Irish wave energy company Wavebob Ltd has today announced that it has agreed to provide technical consulting services to Chevron Technology Ventures (CTV), a division of Chevron USA, with regard to the conversion of ocean wave energy into useful power.

“This relationship is in line with my vision of Ireland being at the forefront of global ocean energy development,” said Minister for Communications, Marine and Natural Resources Noel Dempsey, who was present for the formal commencement of the relationship at the Marine Institute in Galway.