Energy company Pinergy is urging business to grab their share of the government’s new €55m Green Transition Fund to help move away from fossil fuels and reduce carbon emissions.
The new fund is designed to help businesses plan for a sustainable future, moving away from dependence on fossil fuels and towards more sustainable, cost-effective alternatives.
Pinergy says that the Enterprise Emissions Reduction Investment Fund is of special note, and can provide up to €1m in individual funding specifically for manufacturing businesses to invest in technologies that support smart metering, energy monitoring and carbon-neutral heating processes.
Jon Jerromes, head of sales at Pinergy, said: “This is a very welcome development by the government and the European Union. We have been urging on policymakers the need to provide more financial help to businesses so they can install and use smart metering solutions that will more effectively measure their energy usage and carbon emissions.
“We are now calling on all qualifying businesses to avail of this funding so they can put in place the necessary smart energy management tools, ensuring that what gets measured, gets managed for a greener, more sustainable and more resilient business environment. We hope that other businesses will come within the scope of this funding soon.”
The Green Transition Fund is part of Ireland’s National Recovery and Resilience Plan, which is funded by the European Union. The fund involves two parts, the Climate Planning Fund for Business, allowing development of a business-specific plan to reduce the use of fossil fuels. It features a grant of €1,800 for planning and up to €50,000 of matched funding available for qualifying enterprises.
The second part is the Enterprise Emissions Reduction Investment Fund, which will provide up to €1m in individual funding specifically for manufacturing businesses to invest in smart metering, energy monitoring and carbon-neutral heating processes.
Both are available to businesses that are clients of Enterprise Ireland, Údarás na Gaeltachta or IDA Ireland and can apply for funding grants here.
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According to independent research conducted by iReach for Pinergy, 27% of firms employing less than 100 people do not have any tools for effectively measuring, monitoring, and reporting their consumption when it comes to energy, waste, water, air quality and carbon footprint.
As a result, the company recently launched a new Measurement as a Service product, offering giving businesses the ability to measure the performance of their premises or buildings under various metrics.
By installing a series of smart meters and sensors, this can now provide businesses with real-time data, automated reporting, target and benchmark setting, carbon reporting and various other sustainability measurements in each category, covering energy, water, waste, and air quality. These insights and data can be used for ESG property accreditations such as BREEAM, GRESB and LEED, according to Jerromes.
Photo: John O’Donovan, property manager at JLL; Shane Maguire, account manager, for measurement as a service at Pinergy, and Colm Foley, channel manager for business at Pinergy. (Pic: Shane O'Neill)
