 | |
| Type | Private |
|---|---|
| Industry | Energy |
| Founded | 1998 |
| Headquarters | Dublin, Republic of Ireland |
| Revenue | €2,031 million (2019) |
| €119.9 million (2019) | |
| Owner | I Squared Capital |
Number of employees | 795 (2019) |
| Subsidiaries | Power NI Energia |
| Website | www |
Energia Group (formerly Viridian Group) is an Irish energy company with interests across the island of Ireland. From a consumer perspective, Energia Group organises itself into two main groups: Power NI and Energia.
Energia Group's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups: Power NI and Energia. [1] [2]
Power NI supplies over 600,000 homes and businesses in Northern Ireland with electricity. [3]
Power NI Power Procurement Business manages the group's power purchase agreements. [4] [5]
Power NI was the former customer supply business of Northern Ireland Electricity, known originally as NIE Supply and then after its separation from the rest of NIE, as NIE Energy. Both it and the Power Procurement Business "were separated from NIE on 1 November 2007 in accordance with the requirements of the 2003 EU Electricity Directive which required the independence of the distribution system operation function." In 2010 Viridian sold Northern Ireland Electricity, including the NIE name, to the Electricity Supply Board - the state-owned electricity company of Ireland. As a result, NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on 25 July 2011.[ citation needed ]
Energia was founded in 1999 and became the first independent supplier in Northern Ireland. Within a year it had entered the Irish business electricity market. By 2003, Energia had established itself as Ireland's leading independent energy business supplying over 30% of large industrial electricity requirements. Energia now supplies over 250,000 homes in the Republic of Ireland. [6] [7]
Energia Flexible Generation generates electricity through Huntstown power station, whilst Energia Renewables generates via wind power across the island of Ireland. [8]
Energia Group (formerly Viridian Group) was formed in 1998 as a holding company for Northern Ireland Electricity plc, the purpose of the reorganisation was to "step up the move into unregulated markets and for expansion overseas." [9] NIE was a public utility which was privatised in 1993. Formerly a vertically integrated monopoly, NIE's power stations were demerged and sold prior to privatisation.
On 6 October 2006 Viridian's board agreed the acquisition of the group by ElectricInvest, a company owned by the international investment firm Arcapita. The acquisition, which valued Viridian at £1.62 billion, was completed on 8 December 2006.[ citation needed ]
On 6 July 2010, Viridian agreed to sell Northern Ireland Electricity - including NIE Powerteam, but excluding NIE Energy - to the Electricity Supply Board in the Republic of Ireland. The acquisition was completed in December 2010.[ citation needed ]
The Electricity Supply Board is a state owned electricity company operating in the Republic of Ireland. While historically a monopoly, the ESB now operates as a commercial semi-state concern in a "liberalised" and competitive market. It is a statutory corporation whose members are appointed by the government of Ireland.
Scottish Power is a vertically integrated energy company based in Glasgow, Scotland. It is a subsidiary of Spanish utility firm Iberdrola.
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Northern Ireland Electricity Networks Limited (NIE Networks) is the electricity asset owner of the transmission and distribution infrastructure in Northern Ireland, established in 1993 when the business was privatised. NIE Networks does not generate or supply electricity. Since 2010 it has been a subsidiary of ESB Group.
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National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts.
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Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers. Sempra's focus is on electric and natural gas infrastructure and its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California; Oncor Electric Delivery Company in Texas; and Sempra Infrastructure, with offices in California.
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Ballylumford power station "C" station is a natural-gas-fired power station in County Antrim, Northern Ireland, UK. With its main plant generating 600 megawatts of electricity, it is Northern Ireland's largest power station and provides half its power. Overall the station produces 600 MW. The plant is located at the tip of the Islandmagee peninsula, which separates Larne Lough from the Irish Sea. The lough is a Site of Special Scientific Interest. The 3 chimneys of the now decommissioned "B" station are 126 metres tall. East of the station is the Ballycronan More converter station, the Northern Ireland end of the Moyle Interconnector, a subsea HVDC interconnector connecting the NI electricity system to Great Britain.
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The electricity sectors of the Republic of Ireland and Northern Ireland are integrated and supply 2.5 million customers from a combination of coal, peat, natural gas, wind and hydropower. In 2022, 34 TWh were generated. In 2018 natural gas produced 51.8%, while wind turbines generated 28.1%, coal 7%, and peat 6.8% of Ireland's average electricity demand. In 2020 wind turbines generated 36.3% of Ireland's electrical demand, one of the highest wind power proportions in the world. While the United Kingdom was one of the first countries in the world to deploy commercial nuclear power plants, the island of Ireland has never had a nuclear power plant built on either side of the Irish border. Nuclear power in Ireland was discussed in the 1960s and 1970s but ultimately never phased in, with legislation now in place explicitly forbidding its introduction.
Garves Wind Farm consists of 5 turbines with an installed capacity of 15 MW. It is located near Dunloy in County Antrim, Northern Ireland. It is managed by Entap Limited on behalf of Garves Wind Limited. London-based project development company Your Energy Ltd bought the scheme from the original developer in 2007.
Octopus Energy Group is a British renewable energy group specialising in sustainable energy. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Following the acquisition of Shell Energy on 1 December 2023, Octopus Energy is the UK's second largest domestic energy provider.
