Is Ireland ready for 80% renewables by 2030?

Ireland stands at a critical juncture in its energy transition. Despite ambitious targets of 80% renewables by 2030, the gap between aspiration and implementation remains substantial. While global energy systems undergo revolutionary change, Ireland faces unique challenges but also unprecedented opportunities to transform its energy landscape.

Should investors invest in Energy Transition projects in Ireland?

Despite challenges, investment capital for energy transition projects remains abundant globally. However, this capital is increasingly selective about where and how it deploys. Energy transition investments are considered more complex than other sectors due to multiple external dependencies. Investor sentiment toward Ireland is mixed.

How good is Ireland's energy storage strategy?

Smith pointed out that Ireland’s energy storage strategy, published in 2024, was “quite positive.” A lot of high-level plans and a technology agnostic outlook. “Unfortunately, we haven’t seen a lot of progress on those actions which is a problem we are trying to address,” said Smith.

Which energy storage companies are working in Ireland?

Statkraft delivered the first energy storage project in Ireland with Fluence in 2020, at its Kilathmoy wind farm and the company has continued to have a strong presence in the Irish energy storage field since then. The company is also lining up another milestone project soon, with the country’s first four-hour duration energy storage system.

What is Ireland's Electricity storage policy framework?

The policy framework is a first of kind policy, which clarifies the key role of electricity storage in Ireland’s transition to an electricity-led system, supporting Irelands 2030 climate targets, it may be considered as a steppingstone on Ireland’s path to net zero carbon emissions.

Is Ireland a good place to invest in battery storage?

Battery storage developers initially found Ireland’s clear regulatory framework attractive, with companies like Hanwha Energy Corporation investing over €300 million. However, recent changes to market support mechanisms have created uncertainty around revenue streams, challenging project bankability.