Suretank enters data centre sector in new €5m partnership that will create 30 jobs
Two businesses in Co Louth and Co Meath are investing over €5m and plan to create more than 30 jobs manufacturing the newest generation of containerised data centres for technology giants.
Dunleer-based Suretank, a manufacturer of specialist containers and equipment for the oil and gas industry, has joined forces with Stamullen-based Hanley Energy, a fast-growing SME that sponsors the Irish cricket team and offers energy management services and specialist data centre power-management products to clients. Suretank was founded by 2013 EY Entrepreneur of the Year Patrick Joy.
The companies will manufacture modular versions of the data centres - banks of computer servers - that are the engine of the internet, e-commerce, social media and the IT on which every modern business runs. They have set an initial sales target of at least €15m. The global data centre business is forecast to reach €30bn by 2020, according to industry research.
Ireland has become a European hub for this vital infrastructure over the past decade, with Microsoft, Google and Apple among the companies that have invested billions in locating it here, in order to take advantage of our cool climate to massively reduce their running costs.
"The transport, banking and health sectors all use these containerised data centres, and we recently delivered our first order to a customer that was worth about €2m. The collaboration we have with our existing customers gives us excellent R&D opportunities to create new products," said Clive Gilmore, co-founder of Hanley Energy.
"We're seeking to hire more electrical and mechanical engineers with autocad and 3D drawing skills and this new venture will also have a knock-on effect for the economy through other Irish companies in our supply chain."
"This new venture provides us with a new strategic direction in containerisation. Suretank, with its global footprint, offers unparalleled engineering design, world-class manufacturing and project management skills," said John Fitzgerald, CEO of Suretank.
Sunday Indo Business