ESB to Deliver €150 Million in Savings to Large Businesses
Smart Energy Services, a business line in ESB, is to deliver €150 million in savings on energy costs for over 300 large businesses in Ireland and the UK by 2020, in response to growing demand.
Smart Energy Services provides consultancy, capital funding, energy management services and implementation of energy projects for businesses who are large users of energy. Since 2016, Smart Energy Services has already partnered with 200 Irish and UK companies to help deliver energy savings of over €55 million.
John Walsh, Head of Smart Energy Services at ESB said: “In response to a growth in demand from large energy users to reduce their energy costs, we are delighted to work with companies in Ireland and the UK to deliver over €150 million in savings. Since its launch in 2016, Smart Energy Services has gained considerable interest from companies with high energy demand and has become a real driver of growth for the overall ESB Group.”
ESB has also announced that it will fund €15 million in energy management and efficiency projects in 2018 to help deliver guaranteed savings of up to 60% for large businesses.
ESB has worked with businesses from a variety of sectors to unlock smarter and more efficient ways of reducing energy costs including with Tesco to overhaul the energy efficiency of its stores which has resulted in a 25% reduction in its energy costs across 148 locations in the Republic of Ireland.
ESB has achieved a 25% reduction in energy costs for Coral Leisure sports and recreational centres in Cork after implementing energy savings projects.
BWG Foods has partnered with ESB to deliver energy efficient lighting retrofits across its network of Spar, EUROSPAR, Mace, Londis and XL retail stores throughout Ireland.
ESB has also worked with the Dublin Airport Authority (daa) which is on course to achieve a 33% cut in its energy costs by 2020.
Smart Energy Services is a business line within ESB, offering businesses managed energy services through a partnership approach which leverages cutting-edge technology and funding solutions to reduce energy consumption and costs for the industrial and commercial sectors.