Swedish power utility Vattenfall and Irish wave-energy developer Wavebob have formed a joint venture to build a commercial-scale wave-energy project off the west coast of Ireland.
The joint venture company, Tonn Energy, will conduct research and development near Belmullet, Mayo. The project is being backed by the government of Ireland. The level of investment was not disclosed by the company.
“With its magnificent ocean wave resource and commitment by the government, Ireland has become a focal point for the development of commercial ocean wave energy,” said Goran Dandanell, head of Busines Development at Vattenfall UK. “Vattenfall’s long-term goal is to halve the emissions per produced unit of energy by 2030, compared with 1990 levels, and to be emission neutral by 2050.”
Wavebob, Vattenfall’s joint venture partner, was recently helped by Ireland’s Electricity Supply Board, which signed a deal to help the company develop its wave energy converter technology.