Leading Ireland's Energy Transition to a Net Zero Future
- 96.9% Irish Government owned
- Markets include Ireland and Great Britain
- Owns all networks in ROI and NI
- Irish electricity market: 30% share of generation and 41% share of supply
Our Investment PropositionÂ
Since our foundation almost 100 years ago, we have always been fully invested in the lives of the customers and communities we serve. We plan for the long term, constantly striving to find solutions that benefit society, now and in the future.
In March 2024, we compiled a roadmap on how we plan to reach our ambitions set out in our strategy - Driven to Make a Difference: Achieving Net Zero by 2040. This roadmap set out our intermediate reduction targets, strategic performance initiatives (SPIs) as well as the work being undertaken by us to support decarbonisation across society more broadly.
Stable Business Profile
- Regulated electricity networks businesses in Ireland accounts for, on average, 67% of Group EBITDA and 68% of Group Assets (2018-2022)
- Supported by established and transparent regulatory frameworks regarded as robust by credit rating agencies
Consistent Financial Performance
- Average EBITDA €1.4bn & Gearing 56% (2018 - 2022)
- Diversified funding and strong liquidity position
- Credit ratings A- and A3
Invested in a Sustainable Future
We are undertaking transformational change across our business to support national climate action plans and address multiple, interlinking sustainability challenges. We have set a target to achieve net zero by 2040 and have committed to doing this in a way that enables communities and natural habitats to thrive. Our focus is on developing and connecting renewables, building resilient infrastructure and empowering our customers to live healthier, more sustainable lives using clean electricity.