€150m investment to build two power plants in Offaly - storage battery

250 construction jobs will be created while two power plants are being built, employing 20 people.
This is due to an investment of 150 euros by a Korean energy company and an overseas company. based firm.
Hanwha Energy and Lumcloon Energy Limited's partnership is to establish a new power facility based on battery storage technology at the locations of shannongbridge and Lumcloon.
The Shannonbridge site is adjacent to the ESB West Offaly power station, while the second plant will be built on the old ESB power station site in Ferbane.
10 people will be employed when each factory is put into production.
The plant has been licensed for planning and has been compared in scale with typical data centers.
It is understood that the energy regulator has approved most of the content of the development and is expected to finalize the terms of the project by the end of the year.
Battery storage technology is considered a clean form of energy.
It does not involve the direct use of fuel or emissions, but rather the storage and release of a small but highly flexible amount of electricity to meet public demand and power grid requirements.