MaresConnect Interconnector will provide infrastructure to support energy security, put downward pressure on consumer energy prices and help facilitate the transition to a low-carbon energy future.
The European energy market faces many challenges linked to aging infrastructure, environmental targets and energy transition. Meeting these challenges requires a significant shift towards a greater share of renewable energy supported by an improved transmission network capable of distributing energy and ensuring the security of supply.
MaresConnect’s objective is to be a part of these transformations by improving the capacity of Irish and Great Britain networks' ongoing ability to efficiently distribute electricity to consumers, and to ensure that electricity supply is secure in the event of production uncertainty linked to renewable sources, availability of existing generation units, and transmission network.
The economic benefits of the MaresConnect 750MW HVDC interconnector will include increasing competitiveness in the energy market, by offering import and export trade between Ireland and the UK. According to demand, which changes depending on the time of day, season, weather conditions, and availability of renewable energy, MaresConnect will be able to either import or export electricity. This opens up commercial opportunities for energy producers, thus reducing costs for consumers.
MaresConnect will deliver numerous environmental and economic benefits including:
• Energy Security – Reinforce security of electricity supply.
• Savings – Reduction in wholesale energy prices.
• Net Zero – Integration of green energy in GB and Ireland.
• Jobs – Supporting jobs in construction, operations and maintenance.
• Transmission of Electricity – Equivalent to 570,000 homes.
• Investment – €860m of private capital investment which will benefit Ireland
and Wales.
Company Details
- Employees
- 6
- Founded
- -
- Address
- 15-18 Earlsfort Terrace, Dublin 2,d02 Yx28,ireland
- Industry
- Semiconductor Manufacturing
- NAICS
-
Semiconductor and Other Electronic Component Manufacturing
- Website
- http://www.maresconnect.ie
- Keywords
- Energy, Interconnectors, Renewable Energy.
- HQ
- Dublin 2
Maresconnect Interconnector Questions
Maresconnect Interconnector's website is http://www.maresconnect.ie
Maresconnect Interconnector's LinkedIn profile is https://ie.linkedin.com/company/maresconnect-interconnector
Maresconnect Interconnector has
6 employees.
View email and phone details for 6
employees at Maresconnect Interconnector.
Maresconnect Interconnector's industry is
Semiconductor Manufacturing
Maresconnect Interconnector's top competitors are
Nemo Link Limited,
North Atlantic Transmission One - Link,
🔅💨 Megawatt-X 💦🔋,
Neuconnect,
Greenlink Interconnector Limited,
Etchea Energy,
Foresight Group,
Leadvent Group,
Eleclink,
Department For Energy Security And Net Zero.
Maresconnect Interconnector's categories are Semiconductor Manufacturing
Maresconnect Interconnector's founding year is 2017
