ECI Lighting has announced plans to invest €25m to fund a new energy services business, which will create about 20 new jobs. 

The company, one of the oldest lighting companies in the country, said the funding will be mainly used to facilitate commercial clients in upgrading their existing lighting systems to energy efficient LED technology.

Companies will be able to save up to 75% on their energy costs, which ECI Lighting said will cover the costs of the turnkey project in most cases.

"This is a fantastic opportunity for ECI to scale a third generation business and to deploy significant amounts of capital in order to drive real energy savings and efficiencies for our clients," commented Declan Hanratty, MD of ECI Lighting.

"The positive environmental impact this investment will create is something which we can all be proud of," he added.

ECI Lighting, established in 1960 by the Hanratty family, distributes to over 150 wholesale channel partners from its Dublin, Cork and Belfast offices.