Industry & Business

Energy efficiency is vital to Ireland achieving its renewable energy targets

 Breaking News
  • Largest Ever European Investment Bank Support in Ireland The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country. The new children’s hospital project includes two [...]...
  • Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia. Recruitment is underway to employ 83 additional staff at [...]...
  • PM Group Appoints a New Non-Executive Director Michael McNicholas has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists. Michael McNicholas. Michael has over 35 years’ experience in senior leadership positions in the public and private sectors. He is the former CEO of Ervia, NTR plc and Managing Director of ESB International.  During his [...]...
  • Center Parcs Signs Contract With John Sisk & Son As construction activity on the much anticipated €233 million Center Parcs Longford Forest resort in County Longford ramps up, the company has announced it has formally awarded two major construction contracts to Dublin-based construction firm John Sisk & Son. The contracts for the construction of the 470 lodges and 30 apartments as well as the state-of-the-art centre [...]...
  • Medi-Shower Invests in Innovation to Drive Export Growth Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease. The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design [...]...

Energy efficiency is vital to Ireland achieving its renewable energy targets

April 06
12:42 2016

stock-photo-60228822-wind-turbines-on-a-wind-farm-in-galicia-spainThe Sustainable Energy Authority of Ireland (SEAI) has today published a report detailing the actions needed to meet our energy efficiency and renewable energy targets by 2020, which will also help us to reduce our greenhouse gas emissions. Key among the actions required is a trebling of the number of home and business energy upgrades carried out each year.

The report, ‘Ireland’s Energy Targets – Progress, Ambition and Impacts’, launched at SEAI’s annual Energy Show, highlights the importance of reducing our energy demand in order to make Ireland’s renewable energy targets achievable.

Commenting at the SEAI Energy Show, Dr Eimear Cotter, Head of Low Carbon Technologies with SEAI said: “Meeting our energy targets represent a huge economic and societal opportunity for the country – an opportunity too good to let pass. This report is the first of its kind to give a sense of the scale of what needs to be done to meet our binding EU energy targets by 2020. It demonstrates that the energy system must be looked at in its entirety with energy use in transport, and heat and power generation all inextricably linked – with efficiency and renewables options in all sectors.”

Dr Cotter continued: “The report highlights that while 40,000 homes and 550 businesses are already using some form of renewable heat technologies, this level needs to increase sevenfold. The scale of the challenge is equally evident in the transport sector. The use of biofuels added to traditional transport fuels needs to treble. And new electric vehicle registrations need to grow from less than 1% of new car sales to 20% within the next five years.”

Concluding Dr Cotter said: “We have made substantial progress to date but continued action across all of society is required if we are to move Ireland’s energy system onto a low carbon pathway.”

Other benefits of achieving the 2020 targets could mean:

  • Ireland avoiding costly compliance fines associated with energy and emissions reductions targets
  • Renewable electricity displacing €750m worth of imported energy per annum/annually
  • Avoiding 15m tonnes of CO2 emissions
  • Macro-economic benefits, as well as the creation thousands of new jobs

Over the two days of the Energy Show (April 6th and 7th), up to 4,000 energy experts, business owners and professionals from all sectors are expected to gather in the RDS to learn about the latest energy saving technologies available to them.

Companies like Kingspan ESB who are offering rooftop solar photovoltaic to businesses – essentially using industrial roof space to generate solar energy. This innovative solution means no upfront installation costs for the business, while providing substantial energy cost savings through the renewable energy generated. The future of renewable electricity based high efficiency storage heating from Glen Dimplex will also be on display. As well as highlighting cutting edge energy innovations coming down the line, the Energy Show also showcase companies like Enprova, who are helping oil companies meet their energy efficiency obligations through home and business upgrades. These are players in a market which is currently estimated to be worth €1.5 billion per annum to Ireland.

 

About Author

admin

admin

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4