electricity grid

Siemens Energy will design, build and provide five-year maintenance through the contracts, building the three projects in Ireland concurrently

It will support two funding opportunities that will back research and development for the materials and technologies needed to expand the grid with new, clean energy sources and deliver affordable electricity to disadvantaged communities

Funding bids will be assessed on value for money, short term grid capacity utilisation and how quickly the infrastructure and solutions can be completed, in support of the UK’s 2050 net zero goal

It is offering all shares in Stromnetz Berlin, ending years of legal disputes over the electricity concession

It is planning to invest around €25m in the County Monaghan scheme

This new approach is expected to save consumers up to £128m over the six-year period

The funding will be used by the Clean Energy Finance Corporation for new energy generation, storage and transmission infrastructure

The company has had the concession rights through its subsidiary for more than 20 years

That’s more than double the support from this year, which stands at NOK495 million (£45.7m)

It will support the research, development and demonstration of next generation tools and technologies