Irish wave energy project buoyed by successful trials

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.

Ocean Energy Ltd, based in Cork, is about to ramp up its multi-million euro product development following successful sea trials in Galway Bay of its OE Bouy wave energy convertor.

A quarter-scale model of the device, designed to harness the power of the sea, was moored a mile offshore, near Spiddal, on Christmas Day, and survived some of the roughest storms in almost 20 years.