The company directors are Michael Whelan and John McCarthy. Mike Whelan has over 30 years of experience working in an offshore environment as a commercial diver and salvage expert operating his own towing and salvage company.
John McCarthy, an accountant by profession, has previous experience in the field of renewable energy. Oceanenergy was founded in 2002.
The assessment of future requirements for alternative energy sources was based on the following factors which were identified as necessary features in the OE Buoy subsequently developed;
- No moving parts (other than turbines)
- Minimal mooring forces and thus vastly improved survivability
- Simple design and ease of construction
- Low maintenance
- Ease of location / relocation
Oceanenergy’s location as an Irish based company is perfectly suited to its research and development work as Ireland is centrally located in one of the world’s most favourable climates for wave energy power.