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€29m investment for marine renewable energy research centre creates 77 jobs

The centre will conduct world-leading research on all aspects of marine renewable energy.

A MARINE RENEWABLE Energy centre based in University College Cork (UCC) has received €29 million investment.

The centre will directly support 77 highly skilled jobs, with recruitment currently underway.

There’s potential to support employment in the long-term through spin-out companies and intellectual property in the field of marine renewable technology and marine energy materials, devices and solutions for industry.

Investment

The Marine Renewable Energy Ireland (MaREI) Centre will receive funding of €19 million from the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland (SFI) with a further €10.5 million from 45 industry partners.

MaREI will conduct world-leading research on all aspect 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.

Renewable energy

Professor Mark Ferguson, Director General of SFI and Chief Scientific Adviser to the Government said the investment in marine renewable energy aims to position Ireland at the fore-front of this field, adding that the potential for significant long-term economic impact cannot be underestimated.

“MaREI is one of seven world-class SFI Research Centres of scale and excellence that involve significant co-investment by industry partners.  This investment reflects the excellence of the research and strategic relevance of the sectors to industry and Ireland,” he said.

Minister for Research and Innovation Seán Sherlock who said:

MaREI will prepare ocean technologies for market by removing technical and commercial barriers, and will directly create companies and jobs, thereby serving as a catalyst for Ireland to establish a safe, sustainable and profitable energy supply for domestic use and for export.

Read: Wexford company to train 1,000 construction workers in Nigeria>

Read: Deutsche Bank to create 700 new jobs in Dublin>

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