Wave power company coming to Annapolis

An Irish company hopes part of the solution to the world's energy problems lies in the brains of an educated Annapolis work force.

Wavebob Ltd., a company based outside of Dublin, recently announced plans to set up its North American headquarters in the city. The company anticipates it will bring 10 employees and invest $10 million locally in the next three years, said Derek Robertson, a 1994 Naval Academy graduate and Wavebob's general manager for North America.

The company wants to use local brainpower to set up systems that will produce electricity from ocean waves.

Wavebob officials made the announcement in...