Irish utility ESB Networks has partnered with seven international utilities to invests in the future of energy.
ESB Networks and utility partners launched a global start-up programme.
The utility companies include AusNet Services (Australia), Dubai Electricity and Water Authority (Dubai), EDP (Portugal), innogy, Origin Energy (Australia), Singapore Power (Singapore) and Tokyo Electric Power Company (Japan).
The programme, Free Electrons 2018, will in its second year recruit some 12 companies to develop products and services to a potential market of 73 million gas and electric customers and over €120 billion ($148 billion) in revenue across 40 countries.
The programme will run between April and October 2018.
Paul Mulvaney, Executive Director of Innovation at ESB said: “At ESB we are very focused on exploring radical and cutting-edge ideas in the energy space that will benefit our customers. We are proud to be a founding partner of the Free Electrons programme and are excited to work with and learn from this year’s entrants from around the world and offer them the opportunity to trial and develop their products for our customers in Ireland and the UK.
In 2017, some 450 energy start-ups from 51 countries participated in the Free Electrons programme.
Of the 450 companies, 12 start-ups qualified to collaborate with international utility companies on next generation clean energy, energy efficiency, electric mobility and on-demand customer services and technologies.
Featured image: Stock