Bord na Móna takes stake in smart grid firm

Electricity Exchange technology helps firms cope with power shortages

29th August, 2016
Bord na Móna invests in smart grid firm. Credit: Photocall

Bord na Móna has acquired a 50 per cent stake in Electricity Exchange, a company which provides smart grid technology and services.

The company was co-founded by Dr Paddy Finn and Duncan O'Toole and operates a virtual power station from a 24-hour centre in Limerick.

Its technology allows the company to remotely control back-up generators and reduce power consumption in large industries across the country at times of power shortages on the grid.

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