ESB helps firms pull plug on €150m in energy bills
ESB says it is set to deliver €150m in savings on energy costs to over 300 large businesses across Ireland and the UK.
The utility says savings will be delivered by its Smart Energy Services (SES) through a range of measures including the auditing of companies to help them bring about changes in their energy use, retrofitting to improve energy efficiency in buildings, and the use of technology to live-manage energy use.
"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 €150m in savings," said ESB head of Smart Energy Services John Walsh.
It is anticipated that businesses will benefit from the savings by 2020.
The SES arm of ESB provides consultancy, capital funding, as well as energy management services for businesses who are large users of energy.
Since 2016, it has partnered with 200 Irish and UK companies to help deliver energy savings worth more than €55m, according to ESB.
ESB has also announced that it will fund €15m in energy management and efficiency projects in 2018 to help deliver savings of up to 60pc for large businesses.
To date, the semi-State has worked with a number of businesses across a variety of sectors to help them bring about more efficient ways of reducing energy costs.
The list includes Tesco, where ESB worked with the grocery giant to overhaul the energy efficiency of its stores.
As a result, Tesco has achieved a 25pc reduction in its energy costs across 148 locations in the Republic of Ireland.
ESB has also worked with the Dublin Airport Authority which is on course to achieve a 33pc cut in its energy costs over the next two years.