Five of Ireland's top green firms do battle


FUNDING - GREEN COMPETITION: FIVE GREEN technology businesses will be among 70 Irish companies vying for funding from venture capitalists and financiers who will visit Dublin later this month, writes JOHN REYNOLDS

They are members of the Irish Technology Leadership Group, which is coming to Trinity College for two days of meetings and workshops.

Along with a number of chief executives and entrepreneurs from Silicon Valley,the group will include senior executives from leading green venture capitalists such as Renewable Capital, Dynamic Energy Partners and G24 Innovations. Investment banks Credit Suisse and Morgan Stanley, both of which have invested heavily in renewable energy, will also be represented.

Along with entrepreneurs from the wider technology sector here, the founders of Irish wave energy business Wavebob and Dublin-based tidal energy company Openhydro will be attending.

Also in attendance will be two university start-ups. Turbine Developments, from Queen's University Belfast, makes gas turbine engines targeted at the renewable energy market, running on fuel such as landfill gas.

Phive, a start-up from Dublin City University, uses the invention by scientist Dr Bert Ellingboe of a plasma technology that greatly reduces the cost of manufacturing solar panels.

The final green firm, Resourcekraft, provides a management technology to help businesses control and reduce their energy costs.