#POWER FROM THE SEA - Conor Haughey is seeking €3 million investment in new wave power technology inspired by his father's attempts at making his private island self-sufficient, as the Sunday Independent reports.
Haughey, son of former Taoiseach Charles Haughey, says his company Blue Power has developed a new way of capturing energy from ocean waves - and that tests at UCC's Hydraulic Marine Research Centre have concluded the technology is superior to many existing products in the sector.
He said: "We thought, how can we harness the power of the ocean on our doorstep? We have the best waves in the whole world. The west coast of Ireland is a huge untapped resource."
The company is now looking for angel investors or a utility parter to develop the technology for commercial use.
Engineer Colin O'Brien, who will be desiging Blue Power's prototypes, commented: "The whole west coast of Ireland has incredible waves. We could be the Saudi Arabia of renewable energy."
The Sunday Independent has more on the story HERE.