Cork-based Ocean Energy Ltd has signed a multi-million euro deal to test its wave generator at an offshore marine energy test site near Cornwall, England.

IRELAND’S reputation as a leader in wave energy technology is being enhanced by a €4.5 million research investment on a test platform being set up in Galway Bay this weekend.

AN IRISH company which has developed a revolutionary wave energy device is poised to capture a massive slice of the sector’s €200 billion global market.

Sustainable Energy Ireland (SEI) has today announced the commencement of testing of a large scale ocean energy demonstrator, Ocean Energy Buoy (OE Buoy) off the coast of Galway.