Ireland’s research centre for marine and renewable energy, MaREI, is to get €750,000 in research money from the NTR Foundation to look at Ireland’s low carbon economy. 

MaREI is to investigate and identify ways Irish SMEs can benefit as Ireland moves to being a low carbon economy.

“Over the last 15 years, our share of electricity from renewable sources has grown to 23% and we have reduced the carbon intensity by 50%,” says Brian O’Gallachoir, principal investigator at MaREI and professor of energy policy and modelling at UCC.

“This investment by the NTR Foundation is critical to extending opportunities beyond electricity to explore the entire energy system.”

The project wants to find opportunities for entrepreneurs in Ireland (over the next 35 years) that will emerge from a low carbon economy.

READ MORE: MaREI is a marine and renewable energy research, development and innovation centre supported by Science Foundation Ireland.

Pictured are Dr Fionn Rogan, research fellow, energy policy and modelling at UCC; Rosheen McGuckian, chair of the NTR Foundation and Dr Brian O’Gallachoir, principal investigator at MaREI and professor of energy policy and modelling at UCC. Conor Healy Photography.