Thousands of jobs will be created after a wave energy company signed a deal with a leading multinational firm, it was confirmed today.

A Cork-based energy company has signed a major deal with a US multi-national, which could see more than 6,000 jobs created across the country in the wave-energy sector.

A major announcement is expected this morning by wave energy development company Ocean Energy.

IRELAND’S most advanced wave power company plans to raise up to €20 million next year towards the commercial development of a sea-driven turbine currently generating power off the west coast.

YOU need only stand on a beach to get a feeling of energy all around you — sun and wind on your face, the power of the waves, the ebb and flow of the tides. But, very little of that energy is being harnessed.

ONE kilometre off the Connemara coast, not far from Spiddal, a rather innocuous looking device is floating in the choppy waters.

AN Irish alternative energy firm has won a major international award in London.

OCEAN ENERGY, headquartered in Cobh, Co Cork, has been nominated for a prestigious Rushlight Award in London for its contribution to wave energy technology.

WAVE energy could be producing electricity for the Irish market by 2009, following successful tests off the west coast.

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.

Wall Street posted its biggest decline in a month today as the United States and Britain submitted a new UN Security Council resolution authorising war against Iraq.