Business

Electric Storage Company expands to meet growing demand for renewables

THE Electric Storage Company is west Belfast is expanding its team with 10 jobs in a £780,000 Invest NI-backed investment to help it meet the growing demand for renewable energy across Britain and Ireland and assist customers on their journey to net zero.

Established in 2017, the company offers a new service to domestic energy users, which gives them the tools to maximise energy produced from renewables such as solar or wind from their homes.

Its customers can choose to use the energy generated whenever it is needed or trade it in the energy market through a provision of battery storage hardware and Internet of Things technology.

Director and co-founder Eddie McGoldrick said: “Our business is based on moving customers towards cheaper, smarter, greener energy.

“By combining knowledge of the market, issues with the rural aspects of electricity supply, factors that create fuel poverty and the recent improvements in relevant technologies, we have created a new business model which we are confident will appeal to domestic consumers in Northern Ireland and beyond.”

Grainne McVeigh, director of advanced manufacturing and engineering at Invest NI, which has offered £206,000 of support towards the new jobs, said: “The Electric Storage Company is an early stage company which is playing a leading role in helping Northern Ireland to become more energy efficient by creating a new concept for the domestic energy market.

“We recognise the increasing significance of the green economy as a key driver of growth and it is companies like The Electric Storage Company which are helping play a pivotal role in encouraging a green sustainable recovery and in rebuilding our economy.”

The Electric Storage Company is also the lead company in the Girona Collaborative Growth Network which recently won UKRI funding to enable Girona to bring the first ever ‘micro-grid' to Northern Ireland by combining Northern Ireland's expertise in power engineering, fintech and big data.

The project, which is due to complete next year, aims to create a revolution in the energy market, giving customers an easy, inexpensive way to incorporate smart solutions like solar panels with battery storage and support the decarbonisation of heat and transport in their daily lives.

Company co-founder Anne Marie McGoldrick added: “With every instal of a smart energy device we are helping our customers start their journey to net zero.

“This investment is supporting our expansion plans and we are really looking forward to growing our team. Invest NI has supported us from the get-go with business advice, R&D and now support for the new jobs. It's an exciting and promising time for our company.”

In recognition of its commitment to innovation, the company it has been awarded a Silver Level Innovator Certificate from Innovate NI.

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