Dr Darren Cundy

Interim CEO

Dr Darren Cundy is the interim CEO of Blue Economy CRC-Co Ltd.

Originally trained as an Organic Chemist, Darren has completed post-doctoral studies in the United States, completed a Masters degree in Commercialisation of Science and Technology, worked as Executive Manager: Commercial at CSIRO, and as an investment manager in two Melbourne-based venture capital firms. Darren is currently on secondment from the University of Tasmania where he is the Director of Business Development and Technology Transfer. As part of that role he contributed to the application that underpinned the Blue Economy CRC’s successful bid. Darren chaired the Blue Economy Establishment Committee and took on the role of interim CEO to assist the newly appointed Board operationalise the company. He brings considerable experience in the management of the funding, intellectual property, and commercialisation of industry led research programs.

Darren is also the University’s nominee director on rock lobster aquaculture spin-out company, UTAS-Nexus Aquasciences Pty Ltd.


Professor Irene Penesis

Interim Research Director

Professor Irene Penesis is the Interim Research Director for the Blue Economy CRC-Co Ltd.

Irene was the bid leader responsible for developing the successful application to the Commonwealth’s CRC program. Irene is on secondment from the University of Tasmania where she leads a multi-disciplinary research team working in the field of marine renewable energy and contributes to educating maritime engineering students, at the Australian Maritime College –  National Centre for Maritime Engineering and Hydrodynamics. rene is currently leading an Australian Renewable Energy Agency (ARENA) funded project, Tidal Energy in Australia – Assessing Resource and Feasibility to Australia’s Future Energy Mix, with project partners CSIRO and UQ which started in July 2017. Irene has held several positions including Member of the MERIC Scientific International Committee since 2018, and Chair of Marine Renewable Energy Specialist Committee of the International Towing Tank Conference (ITTC) between 2011 and 2017, a peak international body developing technical guidelines and procedures relevant to the hydrodynamic testing of wave energy converters, marine current/tidal turbines and offshore wind turbines.