€4.3m has been invested in 10 companies by Sustainable Energy Ireland into the development and deployment of ocean energy devices in Galway Bay that can generate renewable electricity.The funding will enable the companies to take their proposals and prototypes to the next stage of development, reports Silicon Republic.
Participating companies include Wavebob Ltd and Ocean Energy, who have been trialling their prototype wave energy converters in Galway Bay, and OpenHydro, who are developing a tidal turbine system.
