Irish energy provider Bord Gais is looking to take advantage of the waves resources off the west coast of Ireland.
Bord Gais said it has purchased a 20% stake in wave development business Tonn Energy.
Some of the world’s best wave resources are in the Atlantic, according to Bord Gais chief executive John Mullins. And the impressive waves off the west coast of the country have recently been enjoyed by a team of surfers, who rode a 50ft wave some 2km from the shore.
Mullins said: “The potential of the Irish wave energy resource is enormous and Irish utilities are determined to capitalise on that resource.
“In addition to fostering the development of wave energy technologies like the Wavebob, it is important that utilities such as Bord Gais play their part in the development of the first wave farms.”
Established in 2008, Tonn is a joint venture development company between the Swedish power utility Vattenfall AB and Wavebob, an Irish wave technology company.
Tonn Energy project director Harvey Appelbe said the Bord Gais decision to engage in wave farm development was a key turning point for Irish wave energy development.
Appelbe said: “Ireland has a unique growth opportunity having immense clean and renewable wave energy.
“Care has been taken to put in place co-ordinated planning and procedures in Ireland but we must now start working together to build wave farm projects, before Ireland loses the opportunity to other countries.”