ESB to fund €10million on smart energy efficiency capital projects for Irish businesses in 2017

  • ESB’s Smart Energy Services to expand its workforce from 20 to 35 in 2017 following contract wins including Tesco, Druids Glen and CHQ building

Smart Energy Services, a recently established business unit in ESB, is to fund €10 million in energy management and efficiency projects to help large energy users in Ireland reduce their energy costs in 2017. In 2016, Smart Energy Services partnered with 50 Irish and UK companies to help deliver energy savings of over €20 million. The division aims to achieve €50 million in savings with its partner companies by 2018.

ESB provides advice, capital funding, and implementation of energy projects for customers who are large users of energy. ESB has worked with businesses from a variety of sectors to unlock smarter and more efficient ways of reducing energy costs including Tesco Ireland which saw an overall reduction of 25% in its energy costs for 2016 across its 150 retail stores. ESB and Tesco have confirmed a new contract through to 2018 to continue the reduction in energy consumption nationally.

Other energy services projects in 2016 include Druids Glen Golf Club, resulting in a 25% reduction in its energy use; the listed CHQ building in Dublin’s Docklands which will reduce its lighting bills by 60% and The Dublin Airport Authority which is on course to achieve a 33% cut in its energy costs by 2020.

John Walsh, Head of Smart Energy Services at ESB said:

"This €10 million fund enables Smart Energy Services to build on its rapid growth over the last twelve months and demonstrates the high potential of reducing energy bills for some of Ireland’s largest users of energy. On the back of a series of large contract wins last year, Smart Energy Services have ambitious expansion plans and will become a driver of growth in ESB over the next four to five years."

To complement this growth and cater for the increase in demand for its services, Smart Energy Services is expanding its workforce from 20 to 35 by the end of 2017 and is forecasting an increase to 200 people by 2021.

 

ESB will showcase its innovative energy services for business customers at the 2017 Energy Show on 5th and 6th April. To coincide with the show, ESB is hosting an event on Thursday, 6th April to highlight the significant energy savings made in partnership with Irish and UK businesses in 2016.

For more information about the event please contact smartenergy@esb.ie esb.ie/smartenergy

ENDS

About ESB Smart Energy Services

ESB Smart Energy Services is a business line within ESB offering clients managed energy services using data analytics capabilities, demand response management platforms, leveraging cutting-edge technology and finance to reduce energy consumption and costs for industrial and commercial customers.

About ESB

 

ESB operates right across the electricity market: from generation, through transmission and distribution to the supply of customers with an expanding presence in the Great Britain generation market. In addition we extract further value through supplying gas and using our networks to carry fibre for telecommunications. ESB is the owner of the distribution and transmission networks in the Republic of Ireland and Northern Ireland. It has a 47% share of generation in the all-island market and a 37% share of electricity supply in the all-island market with 1.4 million customer accounts.

ESB contributes over €2billion annually to the Irish economy through dividends, investments, taxes and jobs. ESB provides significant employment both directly, with 7,600 employees, and indirectly through contractors and service providers. Read more here.