Bord Gáis Energy (BGE) and Siemens Ireland have forged an initial three-year deal to offer an energy-efficiency service to businesses in Ireland.
The two firms said today that the new service will aim to help their client companies operating in Ireland to reduce energy consumption and achieve energy-efficiency targets to help them implement energy savings of up to 20pc.
The alliance comes in the wake of the Government’s new National Energy Efficiency Action Plan, which covers how businesses will be obliged to reduce their energy consumption by 20pc by 2020.
The initial deal between BGE and Siemens Ireland is for three years, but BGE confirmed it is being viewed as a long-term strategic partnership.
The new service will initially target high-energy users in the industrial and commercial sector and will be rolled out to SMEs over the following 12 months.
Apparently, Siemens and BGE will develop a tailored solution to suit a company’s specific needs and investment capability. The companies said a business that signs up for the service will be able to pay for it within the first few years as a result of the savings it will make in its energy spend.
And the two companies said they will also be able to forecast how much a potential business customer can save before they buy into the service.
“This is a significant development for Bord Gáis Energy in that we are yet again extending our core business," said Dave Kirwan, BGE’s managing director.
"The energy market in Ireland has become one of the most competitive in the world and we are constantly looking for innovative ways to differentiate ourselves from competitors," he added.
Paul Lynam, CEO of Siemens in Ireland, said that, in global terms, Siemens has completed more than 1,000 energy-efficiency projects which have reduced energy costs by some US$2bn, which also resulted in the reduction of around 1.2m tonnes of CO2 emissions.
He said that with the new alliance with BGE every case will be individually assessed.
“Based on our experience of international projects, average energy cost savings of 15-20pc can be realistically achieved," added Lynam.