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Home - Technology - Ireland launches €20 million fund for energy research – SPE
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Ireland launches €20 million fund for energy research – SPE

solarenergyBy solarenergyMay 9, 2024No Comments2 Mins Read
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Authorities in Ireland have opened a €20 million ($21.5 million) fund for energy research and innovation. It will support projects that contribute to the country’s clean energy transition, such as decarbonization of heat and energy storage.

May 9, 2024 Patrick Jowett

Image: Tommy Bond, Unsplash

The Sustainable Energy Authority Ireland (SEAI) said it will invest €20 million of public money in energy research and innovation this year.

The funds will be earmarked for energy research, development and demonstration (RD&D) projects that will help accelerate Ireland’s transition to a clean and secure energy future, the SEAI said.

Since 2018, more than 240 projects have been delivered under previous funding calls, in areas such as energy system integration, energy efficiency, energy markets and smart grids.

“New technologies, approaches and solutions are urgently needed to help us develop a sustainable, secure and affordable energy system, enabling the transition to a clean energy future,” said Environment Minister Eamon Ryan. with the delivery of more effective technological solutions.”

The Irish government wants 80% of the energy market to come from renewable energy sources by 2030. In November pv magazine reported its targets, including 8 GW of solar energy by the end of the decade. According to figures from the International Renewable Energy Agency, the country had installed 738 MW by the end of 2023.

This year saw Ireland’s largest battery factory to date enter commercial operation, while authorities also introduced a residential energy loan scheme stimulating citizens to install heat pumps, solar energy and solar boilers in their homes.

See also  Sinovoltaics updates the financial stability ranking of PV module manufacturers – SPE

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