Stockbroker Davy has established a renewables team within its corporate division.
The aim of the team is to promote and support the development of innovative technology solutions to address the 'current energy supply chain gap'.
That's described as the gap between available renewable energy sources - such as wind, solar or hydro - and the consistency of the supply required by corporate and residential consumers.
The mandate of the operation is to support Ireland's transition to Carbon Neutrality, a venture that is said to require in excess of €40 billion of new capital investment by 2050.
The new team will be led by Barry Dixon, Davy’s current Head of Research.
The stockbroker is also developing a strategic partnership with the UCD Energy Institute, whose NexSys programme is focused on addressing key issues relating to the transition to a net zero carbon emissions.
The collaboration is designed to connect renewables-enabling technologies and research with funding solutions to 'make zero carbon a reality'.
