23rd March

Financial modelling software tool for renewable energy sector

A 'spin out' company from University College Cork has been granted a licence for a financial modelling and analytics software tool for the renewable energy sector.

Founded in 2014 by Dr Ray Alcorn, Exceedence Ltd will bring to market the ExceedenceFINANCE solution, developed by software engineers, financial analysts, industry specialists and researchers in the Marine Renewable Energy Ireland (MaREI) centre at UCC Beaufort. 

IMERC entrepreneurship

Dr Ray Alcorn and Profession Anita Maguire at the launch of the ExceedenceFINANCE solution

"Through the innovation of the Exceedence solution, a wide range of stakeholders including device developers, project developers, investors, government agencies and utilities, will be facilitated as they work to create renewable energy infrastructure that can address the need for low or no-carbon energy within Ireland and abroad," commented Professor Anita Maguire, UCC's VP of Research and Innovation.

Read more: Financial modelling software tool for renewable energy sector

'Significant interest' in oil and gas exploration in Ireland's offshore area

Forty-three applications had been lodged by the September 16 deadline for the 2015 Atlantic Margin Licensing Round.

"This is by far the largest number of applications received in any licensing round held in the Irish offshore," remarked Joe McHugh, Minister of State for Natural Resources.


Evaluation will commence immediately with decisions on authorisations "in the coming months."

Atlantic Ocean Research Alliance reveals seabed secrets

A multi-national team of European, Canadian, and American ocean exploration experts lead by Thomas Furey, Marine Institute, has revealed previously uncharted features on the Atlantic seabed, including mountains and ridges taller than Carrauntoohil, Ireland’s highest mountain.

The survey onboard Ireland’s national research vessel,  RV Celtic Explorer, is one of the first projects to be launched by the Atlantic Ocean Research Alliance, which was established following the signing of the Galway Statement on Atlantic Ocean Cooperation between the parties in May 2013.


Kirk Regular, Fisheries & Marine Institute of Memorial University, Tommy Furey, Dr Peter Heffernan, Fabio Sacchetti, Marine Institute, Marcos Miguel Páscoa Parreira Rosa, Instituto Portugues do Mar e da Atmosfera (IPMA)

Its objective is to collaboarate to better understand the North Atlantic Ocean and to promote the sustainable management of its resources.

Read more: Atlantic Ocean Research Alliance reveals seabed secrets

Globalstar satellite hotspot hotline to home

Leader in satellite messaging and emergency notification technologies, Global Europe Satellite Services Ltd, is focussing on the commercial fishing industry to provide affordable communications on existing smartphone or tablet devices.


Globalstar Sat-FiTm is 'the world's most powerful satellite hotspot' that allows up to eight users to simultaneously send texts, emails and make calls, hundreds of miles offshore.

Read more: Globalstar satellite hotspot hotline to home

Beaufort on course for summer opening

The 'topping out' ceremony marking a construction milestone of the Beaufort Centre in Ringaskiddy, Co Cork, keeps the project on target to open later this year.

As home to the world's largest team of dedicated marine researchers, the centre is set to be an "international leader" and postions Ireland at the "epicentre of research and innnovation in the marine energy industry. This building is a world-class development in the Irish Maritime and Energy Resource Cluster (IMERC)," remarked UCC Beaufort Director, Prof Conchúr Ó Brádaigh. 

beaufort 1

Prof Conchúr Ó Brádaigh, Director, Beaufort, UCC; Alex White, Minister for Communications, Energy and Natural Resources and  Prof Anita Maguire, Vice-President for Research and Innovation, UCC 

Alex White, Minister for Communications, Energy and Natural Resources, said Ireland had the potential to become the "international focal point" of the marine renewable industry. 

Read more: Beaufort on course for summer opening

Horizon 2020 funding goes to Irish marine researchers

Irish marine researchers have won €5.5m in the latest EU Horizon 2020 competitive funding for ‘blue growth’ and ‘sustainable food and security, representing 4.7% of total EU budget awards and 5% of ‘blue growth.

Marine Institute research funding

Craig McClean, NOAA, Peter Heffernan, Marine Institute, Stephen Locke, Geological Survey of Canada, John Bell,  Director Bioeconomy, DG Research and Innovation

This is a much higher success rate than the ‘normal’ ratio for Ireland in competitive European funding calls, according to the Marine Institute.

Read more: Horizon 2020 funding goes to Irish marine researchers

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