UCC spin off company riding the wave of renewable energy technology

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.

The company, Exceedence, which is based at IMERC (Irish Maritime Energy Research Cluster) in Ringaskiddy, Co Cork, has developed a software package which can be used anywhere in the world to find the ideal location for renewable energy projects.

Exceedence founder and chief executive Ray Alcorn said the software was developed over three years by UCC scientists and technicians and is the only system of its type which provides a comprehensive overview of the outcome of an off-shore project.