A ONE megawatt wave energy device should be deployed off the coast of Hayle later this year following the granting of a marine licence.
Cork-based Ocean Energy Ltd (OEL) has been awarded a three-year licence by the Marine Management Organisation (MMO),which will allow it to deploy the 9 million euro equipment (about £7.3 million), ten miles off the north coast.
OEL is currently negotiating with local companies for help with manufacture and deployment, and hopes to operate from the newly refurbished North Quay in Hayle Harbour.
Wave Hub is the world's largest, grid-connected, offshore marine energy test site.
General manager Claire Gibson said: "We are delighted that OEL has been given the green light to deploy the first wave energy device at Wave Hub and that the consent process has gone so smoothly.
"We look forward to assisting them with their deployment later this year."
John McCarthy, chief executive and co-founder of OceanEnergy Ltd, said: "Having completed successful trials of a scale device we are delighted to be awarded a marine license to deploy at Wave Hub.
"This enables us to proceed with trials at the Wave Hub site and test the system prior to a full-scale deployment."
Wave Hub consists of a giant "socket" on the seabed connected to the National Grid by an underwater cable, into which wave energy devices can be "plugged" and tested.