Entrepreneurs and business owners in the marine research sector have sharply criticised the decision of UCC and Cork Institute of Technology to withdraw funding and staffing from the Irish Maritime and Energy Research Cluster in Ringaskiddy.

The global business landscape has changed completely in the last few years, but entrepreneurs are adapting and finding new opportunity, says John Daly

An Irish firm has become one of only a handful of companies around the world to generate electricity from the power of the sea, it was revealed today.

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.