FuturEnergy Ireland

What FuturEnergy Ireland does

FuturEnergy Ireland is a privately held renewable energy developer, operating as a 50:50 joint venture between Coillte (the Irish state forestry company and custodian of 7% of Ireland's land) and ESB (Electricity Supply Board, the major Irish electricity utility), launched in November 2021. The company develops onshore wind farms and battery energy storage projects on or adjacent to Coillte landholdings, with a stated ambition to bring more than 1 GW of renewable energy capacity online by 2030. Its core products are 30–50+ MW onshore wind farms (e.g., the operating 30 MW Lenalea Wind Farm co-developed with SSE Renewables) and long-duration battery energy storage systems (BESS) based on iron-air technology from Form Energy, capable of up to 100 hours of discharge duration. Supporting offerings include mandatory Community Benefit Funds (~€2/MWh under the RESS scheme, equivalent to roughly €300,000 per annum per 50 MW project), recreation facilities at wind farm sites, biodiversity programmes, and education outreach.

The business sells electricity exclusively into the Irish national grid via EirGrid connection agreements, with revenue underpinned by the Irish Government's Renewable Electricity Support Scheme (RESS), which provides long-term contracts for difference. The company does not sell directly to end consumers; its only 'customer' is the Irish electricity system and, indirectly, the Irish state. Go-to-market is community-led: every project deploys dedicated Community Liaison Officers, runs door-to-door consultations, community clinics, webinars, and Virtual Exhibitions, and follows a structured six-phase development cycle. Capital and development are shared with strategic co-development partners — SSE Renewables, Greencoat Renewables, Ørsted — and engineering oversight is provided by firms such as Ventolines. Revenue is not publicly disclosed; the company is in a development-heavy phase with most of its pipeline in planning or pre-construction, though headcount has roughly doubled since inception and multiple planning consents have been secured in 2025–2026.

Name

FuturEnergy Ireland

Legal name

FuturEnergy Ireland Development DAC

Website

https://futurenergyireland.ie

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

FuturEnergy Ireland is a 50:50 joint venture between Coillte and ESB that develops onshore wind farms and long-duration iron-air battery energy storage projects in Ireland, targeting over 1 GW of renewable capacity by 2030 with all output sold into the Irish national grid under the RESS scheme.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

akta.pro secondary industries

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK)

Keywords

• Onshore wind development
• Battery energy storage
• Renewable energy projects
• Wind farm operations
• Community benefit funds

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Wholesale Electricity Generation: FuturEnergy Ireland generates revenue by operating onshore wind farms that produce clean electricity sold into the Irish national grid. The company participates in government support schemes including the Renewable Electricity Support Scheme (RESS), which provides contracts for renewable electricity generation.
2. Community Benefit Fund Contributions: Under the RESS scheme, all successful project applicants are required to contribute €2/MWh per year into a Community Benefit Fund for local communities. This is a mandatory cost of doing business under the government's renewable energy support framework.
3. Energy Storage Services: Battery energy storage systems provide grid stability services, storing excess renewable energy during high-output periods and dispatching during shortfalls, generating revenue through grid services contracts and reducing curtailment costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

FuturEnergy Ireland develops, builds, and operates onshore wind farm projects (typically 30-50+ MW) and stand-alone battery energy storage systems using Form Energy's iron-air battery technology capable of storing energy for up to 100 hours. The company sells the generated electricity into the Irish national grid via EirGrid grid connection agreements and the government's Renewable Electricity Support Scheme (RESS), targeting more than 1GW of renewable energy capacity by 2030.

Product overview

FuturEnergy Ireland is a 50:50 joint venture between Coillte and ESB, launched in November 2021, focused on developing renewable energy projects in Ireland. The company's core offering consists of onshore wind farm development projects and battery energy storage systems. Wind farm projects range from concept through planning to operation, typically in the 30-50+ MW range, developed primarily on Coillte lands with community engagement throughout. Battery storage projects use iron-air technology capable of 100-hour storage duration. Supporting offerings include community benefit funds under RESS (mandatory €2/MWh contributions), recreation facilities at wind farm sites, education programmes for schools, and biodiversity initiatives like The Hare's Corner. The company has a target of developing more than 1GW of renewable energy capacity by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Onshore Wind Farm Development Projects Development of onshore wind farm projects for renewable electricity generation on Coillte lands across Ireland, with project capacities typically in the 30-50+ MW range, sold into the Irish national grid via EirGrid and the Renewable Electricity Support Scheme (RESS).
• Battery Energy Storage Systems (BESS) Stand-alone battery energy storage projects using Form Energy's iron-air technology, capable of storing energy for up to 100 hours. These systems address grid capacity issues, store excess renewable energy during high-output periods, and provide dispatchable clean power during periods of low wind or solar generation, sold to the Irish national grid operator under grid services contracts.
• Ballynahone Energy Storage First stand-alone iron-air battery energy storage project in Europe, located near Buncrana in Co. Donegal, representing Form Energy's first international deployment and a major milestone for Ireland's electricity system.
• Lenalea Wind Farm Seven-turbine, 30 MW operational onshore wind farm in County Donegal, co-developed with SSE Renewables and the first FuturEnergy Ireland project to reach commercial operation.
• Raheenleagh Wind Farm Operational onshore wind farm project highlighting FuturEnergy Ireland's development and operational capabilities, inherited from Coillte's Renewable Energy division at the JV's founding.

Quantifiable outcome

• More than 1GW of renewable energy capacity targeted by 2030
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Form EnergycoreTechnology or Integration · 1 March 2026In March 2026, FuturEnergy Ireland and Form Energy announced an agreement to deploy the first iron-air battery storage project in Ireland. This is Form Energy's first international deployment and represents a major milestone for Ireland's electricity system. The iron-air battery can store energy for up to 100 hours. FuturEnergy Ireland also plans to deploy this technology across its broader battery storage portfolio.
• VentolinesmajorImplementation/ SI/ Consulting Partner · 1 September 2025FuturEnergy Ireland appointed Ventolines as Owner's Engineer for the Carrownagowan Wind Farm project following a competitive tender process in September 2025. Ventolines will provide engineering oversight and construction supervision for this landmark wind farm project.
• ØrstedcoreStrategic or Co-development Partner · 1 November 2024FuturEnergy Ireland and Ørsted were jointly granted planning permission for Ballinagree Wind Farm in November 2024, adding another co-development partnership to FuturEnergy Ireland's portfolio.
• EnergyCloudmajorStrategic or Co-development Partner · 1 July 2024FuturEnergy Ireland signed a Memorandum of Understanding with EnergyCloud in July 2024 to address fuel poverty by redirecting surplus renewable energy (that would otherwise be curtailed) to provide free hot water to homes struggling with fuel poverty. FuturEnergy Ireland is the first renewable energy developer to commit to the EnergyCloud scheme. Fuel poverty affects 550,000 families in Ireland.
• United Nations Global CompactmajorOthers · 1 November 2023In November 2023, FuturEnergy Ireland joined the United Nations Global Compact, the world's largest corporate sustainability initiative with 25,000 members from over 167 countries. The initiative aligns company strategies with universal principles on human rights, labour, environment, and anti-corruption.
• Greencoat RenewablescoreStrategic or Co-development Partner · 1 September 2023FuturEnergy Ireland announced a Strategic Framework Agreement with Greencoat Renewables in September 2023. The agreement is set to assist the delivery of over 1GW of onshore wind projects in Ireland, expanding FuturEnergy Ireland's co-development partnership network.
• BurrenBeo TrustminorStrategic or Co-development Partner · 1 January 2023FuturEnergy Ireland sponsors The Hare's Corner, a BurrenBeo Trust initiative offering landowners practical support to enhance biodiversity through creation of habitats such as ponds, native orchards, and mini woodlands. In 2023, FuturEnergy Ireland sponsored the pilot programme in Co. Clare, and in 2024 expanded sponsorship to Co. Leitrim, supporting 40 projects across the county.
• Biodiversity in Schools / Steam EducationminorStrategic or Co-development Partner · 1 January 2022FuturEnergy Ireland partnered with Biodiversity in Schools to offer Bosca Dúlra (Nature Box) nature toolkits to primary schools near project sites, and with Steam Education to supply Climate-in-a-Box interactive climate lessons as part of the national schools education programme.
• Coillte and ESB (Joint Venture)coreStrategic or Co-development Partner · 1 November 2021In November 2021, Coillte (custodian of 7% of Ireland's land) and ESB (major electricity company with Brighter Future strategy) launched their 50:50 joint venture company, FuturEnergy Ireland. Coillte's portfolio of proposed wind farm projects and its Renewable Energy division transferred to FuturEnergy Ireland in Q4 2021. This joint venture leverages the Irish State's strongest assets and expertise in renewable energy development.
• SSE RenewablescoreStrategic or Co-development Partner · 1 November 2021SSE Renewables is a co-development partner on multiple FuturEnergy Ireland wind farm projects. The companies have jointly developed Lenalea Wind Farm (7 turbines, 30MW in Co. Donegal — the first to reach commercial operation), Glenora Wind Farm in North Mayo (planning consent secured May 2026), Gort Uí Rathaile Wind Farm (planning secured March 2025), Sheskin South Wind Farm (planning submitted), and Drumnahough Wind Farm. Lenalea officially opened in May 2024.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• EDF Renewables: EDF Renewables is a global renewable energy developer with meaningful Irish onshore wind and battery storage projects. It is a broader incumbent with comparable projects targeting Ireland's 2030 renewable targets and similar community engagement models.
• Ørsted: Ørsted is a global leader in offshore wind and a major onshore renewable developer. It is a co-development partner on Ballinagree Wind Farm and represents a larger, globally diversified peer with overlapping Irish market presence and comparable onshore wind + storage portfolio strategy.
• Statkraft: Statkraft is Europe's largest generator of renewable energy, with significant onshore wind and battery storage operations across Ireland and the UK. It is a broad incumbent operating in the same RESS framework and competing for the same grid connection capacity.
• Iberdrola Renovables: Iberdrola is a global renewable energy leader with significant onshore wind operations in the UK and Ireland through ScottishPower. It is a broader incumbent with similar RESS exposure, grid connection strategy, and large-scale project development capability.
• Brookfield Renewable: Brookfield Renewable is one of the world's largest publicly traded renewable energy platforms, with substantial wind and storage assets globally including Ireland. It is a broad incumbent capital partner competing for the same RESS projects and Irish market opportunities.
• RWE Renewables: RWE is a major European utility with a significant onshore wind and battery storage development pipeline in Ireland and the UK. It competes for the same RESS contracts, grid connections, and co-development partners as FuturEnergy Ireland.

Direct peers

• Bord na Móna: Bord na Móna is an Irish semi-state company that has pivoted its peat land bank into renewable energy development, including wind, solar, and battery storage. It serves a comparable role in the Irish market as a state-backed competitor pursuing similar decarbonisation targets.
• Greencoat Renewables: Greencoat Renewables is an Irish-listed renewable energy fund focused on operating wind and battery storage assets in Ireland. A Strategic Framework Agreement with FuturEnergy Ireland targets 1GW+ of co-developed projects, making it a direct operational and investment peer.
• SSE Renewables: SSE Renewables is a leading UK and Ireland onshore and offshore wind developer and operator. It is the most direct comparable as FuturEnergy Ireland's primary co-development partner on Lenalea, Glenora, Gort Uí Rathaile, and Sheskin South wind farms, operating in the same geographies with the same RESS auction exposure.
• Energia Group: Energia is one of Ireland's largest independent energy suppliers with a growing renewable generation portfolio, including onshore wind farms and battery storage projects. It competes directly with FuturEnergy Ireland for RESS auction wins and Irish grid offtake.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FuturEnergyIre
• Facebookfacebook.com/futurenergyireland
• LinkedInlinkedin.com/company/futurenergyireland
• Instagraminstagram.com/futurenergy_ireland

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FuturEnergy Ireland