A UCC spin-off company specialising in wave, tidal, and offshore windfarm technology hopes to make €10m- €15m per year in the next five years and has the potential to make significantly more.

Aiming to take the risk out of investing in marine renewable energy, Cork startup Exceedence has launched a revolutionary new software tool which can assess whether an energy project stands to make money or lose it.

Ireland plans to become the first country in the world to use “floating off-shore wind turbines” which it is envisaged will supply the national grid with green electricity within the next six years.

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.