Financial News

Irish energy R&D projects secured €18m EU funding in the last year

By Business & Finance
30 September 2015
SEAI ENERGY CONF
Pictured (L-R): Philippe Moseley (project adviser, EASME), Dr Eimear Cotter (head of Low Carbon Technologies, SEAI) and Philip Cheasty, H2020)

Since last year, Irish energy research projects have successfully secured €18m in EU funds for Ireland, according to the Sustainable Energy Authority of Ireland (SEAI) who today launched a joint publication with Enterprise Ireland entitled Building on Ireland’s Energy Research Performance.

The report showcases academic and industry exemplars successfully leading and participating in EU funded energy projects in areas including energy storage, marine technologies, smart grid, efficient buildings and sustainable transport.

For the past eight years Ireland’s energy research diversity and competence continues to grow, placing Irish researchers in an enviable position to capitalise on funding from Horizon 2020 (H2020). Launched last year, H2020 is the EU’s largest research and innovation programme with an energy budget of €6 billion for the period 2014 to 2020.

Commenting Alex White TD, Minister for Communications, Energy and Natural Resource said: “EU sustainable energy research and development investment contributes significantly to the success of Irish business and academia. Attracting this investment enhances Ireland’s performance in research and innovation while driving economic benefits and job creation.”

Brian Motherway, CEO, SEAI, added: “The Irish energy research community is reaping the rewards from active participation in EU research programmes while addressing some of the main challenges facing the energy system. The resulting technology developments, delivered through collaborative approaches between universities and industry, are set to make substantial inroads in our move to cleaner energy, smarter energy systems and more user friendly buildings.“