Almost 100 new jobs are being promised through the establishment of an energy research centre at the Tyndall research institute, which is part of University College Cork.
The project will be supported by a Government investment of around €20m and will create 50 research jobs initially.
Separately, one of the biggest manufacturers in the US has announced that will become the first company to locate in the International Energy Research Centre, creating another 37 jobs.
The Tyndall Institute, part of University College Cork, has more than 30 years experience in turning research ideas into commercial reality.
The Government is now attempting to cash in on that expertise with an investment to establish the International Energy Research Centre at the institute.
The money will come from Batt O'Keeffe's Department of Enterprise, Trade and Innovation, and Eamon Ryan's Department of Communications, Energy and Natural Resources and the project is expected to create 50 research jobs initially. The centre will work with industry to develop integrated, sustainable energy systems.
The International Energy Research Centre has already attracted its first industry partner. United Technologies Corporation is to establish its European research base at the centre in an investment worth €15m.
United Technologies supplies high-tech products and services to the aerospace and building industries. It already employs 200,000 people worldwide and says it will employ 37 people at its research centre in Cork. Most of these will hold PhD or advanced degree qualifications.
