Industry & Business

SEAI announces €4.3m grant award to 15 marine energy projects

SEAI announces €4.3m grant award to 15 marine energy projects

February 26
12:34 2016

rsz_declan_on_icoe_panel_2The Sustainable Energy Authority of Ireland (SEAI) has announced a total grant award of €4.3m to 15 new marine energy projects underway in 2016 under its Prototype Development Fund.  The announcement was made as SEAI in conjunction with Enterprise Ireland hosts an “Ireland open for business” exhibition at the 6th International Conference for Ocean Energy in Edinburgh.

Along with representatives from the Department of Communications Energy and Natural Resources (DCENR),  MaREI (Marine Renewable Energy Ireland), the Lir National Ocean Test Facility, Smartbay, and the Marine Institute of Ireland, the aim of the Irish delegation is to attract investors and interested parties to Ireland’s growing ocean energy sector.

Irish companies are also succeeding in international projects and yesterday four Irish companies (UCC, DP Energy, EireComposites and TFI) were announced as part of a €10m Scottish project which will see them receive €1.5m in EU funding for the development of a floating tidal energy device.

Commenting, Declan Meally, Head of Emerging Sectors, SEAI, said: “The objective at this major international event is to show that Ireland is open for business and is actively committed to harnessing its abundant wave, tidal and offshore wind energy resources in an environmentally sustainable manner.  The government through its departments and agencies (led by DCENR) is dedicated to developing an indigenous ocean energy industry, which is a real opportunity that will deliver future economic and societal benefits for the citizens of Ireland.  To that end, collaboration, both nationally and internationally, is key.  To facilitate the development of the sector we’re very keen to explore all collaborative opportunities, where Ireland can offer its strengths in areas like test facilities, technology supports, supply chain availability and grid infrastructure.”

Continuing, Meally said: “With a sea area ten times our land mass, this market has the potential to be worth €15 billion to Ireland’s economy by 2050.  Irish companies are making innovative technology developments and SEAI since 2009 has made grant offers of almost €12m to 68 technology projects.”

The 15 projects receiving funding from SEAI in 2016 are:

  • BirdWatch Ireland
  • Blue Power Energy Ltd
  • CADFEM Ireland
  • Coneng Consultancy Ltd (Trading as Waveworks)
  • DP Energy Ireland Ltd
  • ESB
  • Frontier Engineering Group Ltd (Trading as JJ Campbell and Associates)
  • GKinetic Energy Ltd
  • GRSI
  • New Wave Technologies Limited (Trading as Ocean Energy)
  • NSAI
  • ORPC Ireland
  • Sea Energies
  • Sea Power Ltd
  • Swirl Generators Limited
  • Tocardo Ireland Ltd

The Sustainable Energy Authority of Ireland (SEAI) has a mission to play a leading role in the transformation of Ireland to a society based on sustainable energy structures, technologies and practices. SEAI is partly financed by Ireland’s EU Structural Funds Programme co-funded by the Irish Government and the European Union.

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