Vision 2030 Jan. 2013 | Page 42

Ireland explores the potential of Ocean Energy Niall Dolphin Ireland has some of the best natural resources on the planet for ocean energy. Whilst it must be emphasized that the large scale commercialisation of wave and tidal energy is still unproven, Ireland is making considerable strides in the area. A little known fact is that Ireland’s sea territory is ten times the size of its land territory, giving the country an advantage in the possible application of wave and tidal energy. In 2005, the Irish Government launched its four phase ocean energy strategy. Currently in phase three, the “West Wave” Project constitutes a significant part of this phase. This public sector and private sector partnership is working to ensure that Ireland fulfils its potential in the industry. “West Wave” is a joint venture led by Electric Ireland in cooperation with several key players from the ocean energy industry, including Wavebob and Open Hydro - two leading Irish companies seeking to harness the power of the ocean to generate clean electricity. Both companies have made substantial progress in recent years. Under the “West Wave” project, Electric Ireland has signed Memoranda of Understanding and NonDisclosure Agreements with these companies so that they may work together towards the development of the industry. Several other private companies, state bodies and other industry players are also supporting the project as associate partners. 42