Devolo wants Ireland's smart grid business
German company Devolo is preparing a bid to supply parts for Ireland's roll-out of "smart grid" technology.
The company has hired an Irish country manager and will set up a sales and servicing subsidiary in Ireland if it can win business from the ESB when the first contracts go out to tender, vice president Michael Koch said. The company has revenue of over €100m and supplies smart grid technology across Europe.
Smart grids are electricity networks based on digital technology that allow two-way communication. This makes analysis of usage possible, which helps to reduce consumption.
Meters that facilitate the grids will be introduced to Irish homes in 2017.
Countries are encouraging the use of smart grids to help reduce the vulnerability in electricity supplies and tackle global warming through improved energy efficiency.