Lumcloon Energy, an Irish developer, has signed a deal with Hanwha Group to deliver 200 MW of battery energy storage capacity in Ireland.
Irish media reported in early May that the two companies have announced plans to build 100 MW energy storage facilities at two sites in County Offaly to boost the country’s use of renewable energy. Lumcloon said it would invest €150 million in the two plants, to be located at Lumcloon and Shannonbridge. The firm will work with LSIS, a South Korean supplier of smart power solutions, to build the facilities.
Ireland’s use of renewable energy is expected to grow in the coming years as the country ramps up efforts to meet its clean energy targets. National grid operator EirGrid recently announced that Ireland’s power system was the first in the world capable of delivering 65 per cent of all electricity from variable sources, including wind. In addition, incentives for developing solar energy projects are expected to be announced in Ireland later this year, providing a route-to-market for over 1000 MW of ground-mounted solar PV projects in Ireland’s planning system.
The Irish Independent reported that both energy storage plants have planning permission and would take 12 months to construct.
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