Propelling renewable business success

Dec 06, 2011

Picture by Press Eye
 

Pictured are (left) Rory McManus, CEO of Tide Master Ltd, Peter Fitzsimmons, Chairman, Warrenpoint Harbour Authority, and John Miller, Invest NI.

Warrenpoint company Tide Master Ltd has recently completed a move to larger premises with assistance from Invest Northern Ireland and Warrenpoint Harbour Authority.

Tide Master now plans to manufacture composite tidal turbines for the offshore renewable energy industry from the new facility.

Rory McManus, CEO of Tide Master Ltd, who is currently participating on Invest NI’s Propel programme, said: “Working with Invest NI has helped me to structure my composite manufacturing business and gain the skills needed to develop it to a commercial start-up stage. With the confidence gained through Propel I will now be exploring opportunities for export sales from our manufacturing facility here in Warrenpoint.”

Rory, who has an engineering background, continued: “My company will manufacture composite tidal turbines, which harvest the kinetic energy of tidal currents in return for low cost, clean and renewable energy. With our new premises and Invest NI’s continued support I am confident that we can successfully enter the potentially lucrative renewable energy market.”

John Miller, Invest Northern Ireland’s Global Start Team, said: “There is a global opportunity for this type of renewable energy. Recent cross-governmental reports have estimated that marine tidal energy could potentially provide 15% of the world’s electrical energy consumption going forward. Invest NI is committed to helping innovative businesses like Rory’s reach international markets.”

Warrenpoint Harbour Authority has provided the premises. Peter Conway, Chief Executive of the Authority, says they are delighted to welcome another local entrepreneur to the Harbour Estate. He said: “The Harbour Authority continues to work with local industries particularly those in start-up mode with a view to assisting them in developing new ideas which lead to indigenous job creation. In recent years we have provided facilities for a number of new local projects in the Newry and Mourne region and we wish Rory every success in bringing his project to fruition particularly with the prospect for significant export led growth.”

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