Irish marine firm secures record €17.5m EU investment for novel mooring technology

📆 3/30/2023 12:41 PM
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Three Irish firms receive combined €22.5m under Horizon Europe’s EIC accelerator programme

Technology from Ideas, an Irish company that has developed a novel mooring technology, has been awarded a record €17.5 million in EU funding.

The company, whose subsidiaries include TFI Marine, is one of three Irish firms to win a combined €22.4 million. TFI ’s technology enables floating offshore wind and aquaculture projects to be more cost effective and sustainable. SeaSpring is a polymer-based mooring component that significantly reduces the mooring loads and fatigue experienced by ...

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