Energy

SuperNode to invest €40m in new R&D initiative

Eddie O’Connor’s SuperNode is to spend the money on designing, developong and manufacturing high temperature superconducting cable systems

SuperNode CEO John Fitzgerald:

SuperNode, the energy technology company founded by former Mainstream Renewable Power chairman Dr Eddie O'Connor, has announced a new €40 million-plus investment that is backed by the Irish government.

Founded in 2018 by O’Connor and Mainstream, SuperNode has developed cables that are capable of transferring large amounts of electricity over long distances more effectively and cheaply.

The new investment, which is supported by the State via IDA Ireland, is to be used to design, ...