In addition to the €15m investment by United Technologies Corporation, which will create 37 jobs, a further 50 new jobs are to be created at Tyndall Institute at a new International Energy Research Centre (IERC).
Government funding for the IERC will be up to €20m, coming from key State agencies like IDA Ireland, Science Foundation Ireland, Sustainable Energy Authority of Ireland, the Higher Education Authority and Enterprise Ireland.
Along with the United Technologies, investment this morning, both new operations will create 87 new jobs based on a cumulative investment of €35m.
At a ceremony in Tyndall’s Cork headquarters, UCC president Dr Michael Murphy welcomed the Government’s investment in the IERC, which he said would create 50 new research jobs.
“This centre will be a collaborative entity working with leading Irish and international researchers in the area of sustainable energy systems. It will be a platform for the commercialisation of technologies created through the convergence of ICT and energy research across Ireland.”
About the IERC
The centre will support an industry-driven agenda in integrated sustainable energy systems and will also include industry members from SMEs, as well as indigenous and multinational companies.
Adding to the Government investment in the IERC, UTC is the first company to locate a research facility in Ireland as a direct result of the IERC’s establishment. The company will establish a unique energy and security research centre in Ireland, creating 37 new jobs over the next four years through a €15m investment.
Murphy went on to welcome the establishment of United Technologies Research Centre, Ireland, and the decision to incubate its European research base at Tyndall National Institute, UCC.
“We are delighted that a leading global provider of high-technology products and services to the building systems and aerospace industries, such as UTC, has become a founding member of the IERC.”
“The combined investment of SFI, HEA, SEAI, EI and IDA has established a critical mass of ICT and energy experts in Ireland,” said Prof Roger Whatmore, CEO, Tyndall.
“The IERC, based in Tyndall, will attract new researchers to Ireland developing new skill sets in integrated energy systems and by building on existing expertise will enable Ireland to develop a leadership position in clean technology research.
“Tyndall, UCC is a leader in European ICT research and is ideally equipped to facilitate the convergence of ICT and energy necessary to deliver the novel energy systems that will drive Ireland’s green economy.
“The IERC will leverage strongly from Tyndall’s excellent track record of academic and industry collaboration in over 30 countries to attract new energy systems partners to the centre,” Whatmore added.
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