Press Release
VPI set to become the largest battery energy storage operator in Ireland
2 minutes • 23 May 2023
VPI, a leading power generation company with a growing presence in Ireland, is pursuing its ambition to enable Net Zero by becoming a significant participant in the Irish battery energy storage market. Subject to the receipt of competition approval, VPI will be the majority shareholder in 200MW, 120MWh, of battery energy storage across two existing sites west of Dublin. VPI's increased investment in Ireland was discussed earlier today with Eamon Ryan TD; Minister for Environment, Climate and Communications and Transport, and Leader of the Green Party.
Battery energy storage plays a critical role in operating electricity systems safely and securely, whilst also managing congestion on networks. Both battery sites have opportunities for further investment including new renewable generation close by. The deal further strengthens VPI's relationship with Lumcloon Energy who developed the projects in 2021.
"Climate Action is the most pressing long-term global challenge of our time and is a significant priority for this Government. Battery storage is a critical part of Ireland's energy transition and I welcome new investors who are committed to delivering our ambitious 2030 targets."
Minister Eamon Ryan TD
Leader of the Green Party
Jorge Pikunic, CEO of VPI, said: "I am excited about the role VPI will play in supporting the Irish Government's Climate Action Plan. The Lumcloon and Shannonbridge batteries have performed well since 2021 and are playing an important role in operating lower carbon grids stably with renewables. This is an important milestone for VPI: it expands our activities in Ireland and broadens our portfolio of technologies as part of our ambition to address new challenges as they emerge in the move to more sustainable and effective energy systems."
Nigel Reams, Director of Lumcloon Energy, said: "I am looking forward to working with VPI again. Together we plan to develop opportunities at both sites further. Lumcloon and Shannonbridge are two of the highest performing battery energy storage sites in Ireland and will continue to play a crucial role in supporting system operations in the future."
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