Firms that invest in energy management avoiding €150m in costs

4 May 2012

Irish-based businesses engaged in advanced energy management are avoiding €150m in energy costs and are setting world-class standards, the Sustainable energy Authority of Ireland (SEAI) said today.

The figures were revealed at the SEAI’s annual conference in Dublin today.

Since its launch in June 2011, more than 190 organisations have become certified to the new International Energy Management Standard ISO 50001 and Ireland has about one-third of this number achieving the equivalent standard already. 

Many of the 65 Irish sites accredited belong to energy-intensive multinationals such as Intel, Pfizer, Google and Irish Cement, who are now sharing their knowledge on energy management with their global operations. 

Public bodies are also achieving firsts in energy management with University College Cork recently becoming the first university worldwide to achieve ISO 50001. 

It is recognised that Ireland is ahead of the international trend in energy management and with the global market for this knowledge and expertise growing, Ireland is winning business abroad.

A real opportunity for Ireland

It is estimated that energy management standards could influence 60pc of the world’s energy use and Irish businesses in this sector are uniquely positioned to benefit. 

“The expertise developed in Ireland by organisations trying to reduce energy use and companies specialising in energy management services is now globally recognised as best in class,” SEAI’s Brian Motherway explained.

“Other nations are increasingly looking to Ireland to learn from our proven track record in energy management, and this represents a real opportunity for Ireland.”

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years