|University College Cork|
Seán Sherlock, junior minister for research,
announced funding of €29m today for a Marine Renewable Energy Ireland (MaREI)
project at the Science Foundation Ireland Research Centre at University College
Cork (UCC). In a typical horse before the cart situation, MaREI "will conduct
world-leading research on all aspects of the marine renewable energy from marine
robotics and materials to endure ocean conditions, to offshore wind, wave and
marine energy devices as well as technologies to deliver power to the grid for
electricity supply at home and abroad."
The centre will receive funding of €19m from the
Department of Jobs, Enterprise and Innovation through Science Foundation Ireland
(SFI) with a further €10.5m from 45 industry partners.
Sherlock said: "This investment has the potential
to position Ireland at the forefront of the marine renewable energy research
There is no data provided for the world-beating
The taxpayer contribution is above 70% as firms
can avail of the 25% R&D tax credit and other supports.
Irish Innovation: Evidence of science policy failure mounts
Check out our
, at a low annual charge of €25