News

OceanEnergy agree to install the first device at the Wave Hub off Cornwall Coast

Press Release from Ocean Energy

Ocean Energy selected as supplier of first device for €50 million UK offshore marine energy test site.

Ocean Energy Limited, Ireland’s leading wave energy company, has landed a major landmark deal to provide the world’s largest grid connected offshore marine energy test site, Wave Hub in Cornwall, with its first multi-million euro energy device.

Cork-based Ocean Energy expects to deploy its first full-scale device costing €9 million at Wave Hub off the north coast of Cornwall by the end of this year.

Ocean Energy has been testing a quarter scale prototype of its OE Buoy in Galway Bay for three years. The company with its technology partner Dresser-Rand, the largest service provider in the oil and gas industry, was one of a number of companies competing for the opportunity to win the Wave Hub contract. The full-scale unit has the capacity to generate sustainable energy to power up to 1,200 homes.

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Filed by: Justyna @ February 10, 2012 at 6:06 pm


CORES DEPLOYMENT March – May 2011

Ocean Energy Cores DeploymentOcean Energy Cores Deployment.

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Filed by: Theresa @ February 8, 2012 at 12:12 pm


Maire Geoghegan-Quinn, EU Commissioner visits the OceanEnergy Buoy in Galway

November 21st 2010

Maire Geoghan-Quinn, the EU Commissioner for Research, Innovation and Science, today visited the OceanEnergy Buoy in Galway. The device has been successfully tested in Galway Bay for over 2 and a half years. It is the only device of its type to have undergone and survived such rigorous testing including coping with a one in 40 year wave during the sea trials.

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Filed by: Theresa @ December 8, 2010 at 1:24 pm


John McCarthy, CEO, Ocean Energy

The firm’s new deal with Dresser-Rand gives Ocean and Ireland an opportunity to become a leading exporter of global wave electricity. At the centre of the company is CEO John McCarthy, who co-founded Ocean Energy and has been one of the driving forces behind the strategic vision of the company..

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Ocean Energy featured in Business & Finance 25th February-24th March 2010

Filed by: Justyna @ March 8, 2010 at 2:54 pm


Catching the power of the waves

Ocean Energy featured in Irish Examiner on 1st March 2010, article by Donal Hickey on harnessing the ocean for electricity.

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Article by Joe Dermody, Irish Examiner 6th February 2010

Filed by: Justyna @ February 6, 2010 at 5:31 pm


Ocean Energy firm makes splash with US deal

Ocean Energy Ltd. featured in article by Paul Melia, Irish Independent, on 6th February 2010

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Filed by: Justyna @ February 6, 2010 at 1:17 pm


Press Release – Ocean Energy Ltd

Pictured at the signing in the Alexander Hotel, Dublin were Alec Budge, Operations Director, Dresser-Rand, Eamon Ryan TD, Minister for Communications, Energy and Natural Resources and John McCarthy, Chief Executive of Ocean Energy. Picture Jason Clarke Photography. Pictured at the signing in the Alexander Hotel, Dublin were Alec Budge, Operations Director, Dresser-Rand, Eamon Ryan TD, Minister for Communications, Energy and Natural Resources and John McCarthy, Chief Executive of Ocean Energy. Picture Jason Clarke Photography

The generation of commercial quantities of electricity from Irish wave power has moved a step closer with the signing of an agreement by Ireland’s leading wave energy development company, Ocean Energy Limited with one of the world’s leading turbine manufacturers, US multinational Dresser-Rand.

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Filed by: Justyna @ February 5, 2010 at 1:47 pm


“Ocean Energy uses waves to power funds”

Ocean Energy featured in The Sunday Business Post, Environomics – The Business of Going Green Supplement, an article by Linda Daly.

Click here to open the article as a PDF

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Filed by: Justyna @ November 29, 2009 at 10:41 am