Wavebob was a wave energy converter which was in development between 1999 and 2013 when the company was closed owing to funding difficulties.

It consisted of two oscillating structures, a floating collar or torus which followed the motion of the waves, and a central section containing the power-take-off at the top and a buoyancy-controlling tank below the water.

These structures must be able to absorb in a variety of conditions and be robust to survive in the harsh marine environment.

[6] Wavebob developed its business through an Open Innovation Model and was partnered with leading energy companies such as Chevron and Vattenfall.

[7] 1999: Original patents filed 2007: CEO appointed; head office in Maynooth established 2013: Company Closed Down.