Foster Praises Newtownabbey Firm’s Commitment To Tidal Energy Market

Enterprise Minister Arlene Foster  has announced that McLaughlin  and Harvey has continued to  invest to grow its sales in the tidal  energy market.  The investment in researching,  developing and marketing an  innovative and cost-effective  system for installing tidal energy  devices, was supported by Invest  Northern Ireland with part funding  from the European Regional  Development Fund (ERDF).  Ms Foster explained: “Tidal  energy is a niche market with  tremendous growth potential and  this investment will enable  McLaughlin and Harvey to  enhance its market position in the  renewable energy sector. The  firm’s ground-breaking product is  designed to help reduce the cost  of deploying turbines, which will  help make the renewable energy  sector as a whole more  commercially sustainable.”  McLaughlin and Harvey has been  involved in the renewable sector  since 2005 and has helped  marine turbine manufacturer  Open Hydro with its tidal energy  projects in both Nova Scotia,  Canada and Orkney, Scotland in  recent years.