How much investment is needed for the Cork energy storage project in Ireland

ESB officially opens its latest battery storage project in Co Cork

This battery energy storage system (BESS) project is the latest in ESB''s pipeline of projects delivered at sites in Dublin and Cork which are part of its investment of up to €300m

How much investment is needed for the Cork energy storage project in Ireland

6 FAQs about [How much investment is needed for the Cork energy storage project in Ireland ]

How many MW of battery storage capacity are there in Ireland?

We currently have more than 300MWs of battery storage capacity in operation in Ireland, making it one of the largest battery portfolios in Europe. We plan to develop a pipeline of large scale battery projects, as well as additional renewable enabling technologies.

What will ESB's new battery plant do for Ireland?

ESB has opened its latest major battery plant at its Aghada site in Co Cork which will add 150MW (300MWh) of fast-acting energy storage to help provide grid stability and deliver more renewable power onto Ireland’s electricity system.

Which battery energy storage systems are available in Ireland?

The Kylemore Battery Energy Storage System in Dublin went into operation in 2023 and has the capability of providing 30MW of fast-acting storage. The South Wall Battery Energy Storage System went live in 2023 and has the capability of providing 30MW of fast-acting energy storage.

How much money is needed to build a port of Cork?

The total investment required is in excess of €100 million and the project will be co-funded by the European Union as part of the Connecting Europe Facility (CEF) Transport programme. ISIF’s investment includes a construction working capital facility and the Port of Cork Company itself is also investing in the project.

Why should we invest in offshore wind projects in Cork?

Donal Murphy, Senior Investment Specialist, ISIF, said: “This investment will enable major offshore wind projects and deliver valuable new port infrastructure in Cork, benefiting both the region and our wider economy.

Will Cork become the first port to host offshore wind projects?

Today’s announcement of an investment commitment of €88.5 million by ISIF brings certainty to the construction of additional facilities at the Cork Container Terminal (CCT). Cork will become the first port in the state capable of hosting the large-scale storage and assembly requirements of offshore wind projects.

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