Energy | Business Post

State-owned gas facility will not breach climate targets – Ryan

Minister for the Environment told energy ministers that he would shortly publish an energy security review which would detail plans for a state-owned gas storage facility in Ireland

Data centres attract €1bn investment into Ireland annually, industry report says

Report commissioned by tech giant funded Ibec group Cloud Infrastructure Ireland claims that data centres, which account for 14 per cent of all metered electricity consumption in Ireland, ‘drive decarbonisation’ in Ireland

Irish sustainable energy firm XFuel raises €8.2 million

Backers include former Dragon’s Den star Sean O’Sullivan and AENU, a new €100 million climate tech fund founded by millionaire brothers Fabian and Ferry Heilemann

Vast majority of public support windfall tax on companies profiting from energy crisis, survey finds

More than 50% of people surveyed by Ireland Thinks also support a moratorium on data centres connecting to electricity grid

Cost of living crisis

Energy poverty at highest recorded rate – ESRI

Report recommends increase in welfare payments, fuel allowance, and lump-sum payments targeted at those most affected by energy inflation

Energy supplier UrbanVolt secures €36m debt facility

Company’s clients include Dutch brewer Heineken and pharma giant Pfizer

Susan O’Keeffe: Boom time for oil giants as war rages, inflation surges and the cost of living spirals

Governments can persuade citizens to retrofit homes and fit solar panels, but the real battle will have to be fought with corporations whose power and scale is unequalled

Proposed €500m electricity interconnector secures finance from London backers

The second phase of the MaresConnect project will extend the cable to bring wind power from the west of Ireland to Dublin

EU to launch €200bn plan to move bloc off Russian gas

Recommendations will include major solar rooftop scheme and fast-tracking of planning permission for renewables

Green power cable developer warns of bottleneck in approval of clean energy projects

Boss of €500 million Greenlink Interconnector to Britain says state agencies urgently need help to process a huge number of renewables projects that are in the pipeline

Data centres get green light to connect with solar and wind farms

The centres’ electricity usage increased by 32 per cent last year, and now accounts for 14 per cent of total national electricity consumption

State to double imported emergency power generators amid new supply fears

More than €300 million a year from winter 2023 is likely to be spent on the generators, as demand for power outstrips planned supply, largely due to the proliferation of data centres

Keeping the lights on: Why energy emergency group is looking beyond ‘worst-case scenario’

Ireland is less reliant than some on Russian energy imports – but ESEG, the state’s new energy crisis body, is planning for rationing just in case

SuperNode secures €14m in funding from backers

Former Mainstream founder Eddie O’Connor’s company is developing superconducting transmission technology

Data centre energy use in Ireland increased 32% last year

More energy in Ireland is now consumed by data centres than by all the country’s rural dwellings combined

McDonald warns of ‘damaging cliff edges in response to climate change

The Sinn Féin leader set out her party’s stall on energy issues at the Business Post National Energy Summit

Sinn Féin urged to retract ‘nonsense’ fuel poverty statistic provided to Dáil

Party finance spokesman Pearse Doherty argued against ban on turf burning using ‘inaccurate’ figure that suggests 2,800 people a year die from fuel poverty

Irish energy prices rose almost 40% in past 12 months

Latest consumer price index for Ireland shows that rates of price inflation across the board in Ireland have also risen since March 2022

Prices of renewable energy at state auction ‘won’t be pretty’, say experts

Senior figures in the energy sector have warned of a 15 per cent increase in the cost of renewables at the state’s upcoming Renewable Electricity Support Scheme auction

Fingal County Council gives go-ahead to major Dublin data centre

The country’s energy regulator declined to make a submission to the council on a proposal by Energia to build a data centre in north Dublin which the company says will be carbon neutral and sustainably managed