Displaying items by tag: GKinetic

14th July 2017

Funding For New Tidal Energy Project At Limerick Docks

A 3D computer model of GKinetic’s hydrokinetic turbine device

#SeaPower - A prototype tidal energy turbine project in the Shannon Estuary has received almost €100,000 in funding for further development, as the Limerick Post reports.

GKinetic has been testing a scale prototype of its new hydrokinetic turbine for the last year, at a purpose-built facility in Limerick Docks set up in tandem with the Shannon Foynes Port Company.

The new funding of €99,562 from the Sustainable Energy Authority of Ireland’s (SEAI) Prototype Development Fund will support testing on an improved prototype from August for a six-week period, as the company ramps up plans to scale up the design to a 250kW tidal device.

GKinetic’s technology is already being commercialised by fellow Co Limerick company DesignPro, who secured funding earlier this year under the Horizon 2020 project to test its own river energy devices at scale.

The Limerick Post has much more on the story HERE.

Published in Power From the Sea

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.