08/05/2009

Energy Plan To Be Revealed By Minister

The Minister for Energy, Eamon Ryan, is to reveal the national energy-efficiency action plan, this morning.

The strategy will seek to cut the State's energy use and costs from now until 2020.

Mr Ryan will be accompanied by Amory Lovins, chairman and chief scientist of the Rocky Mountain Institute.

The announcement comes as a Trinity sponsored project published their plan to make Ireland energy independent within five years and exporting energy in a decade, with returns topping tens of billions.

According to Spirit of Ireland, who are behind the project, the solution to the economic crisis lies in harnessing Ireland’s huge wind energy potential.

The project projects energy independence for Ireland within five years, reducing the cost of power by €10 billion. Energy exports over the next ten years are subsequently hoped to raise over €50billion in the next 10 years.

The proposal was put together over the past six months with a team of top engineers, academics, architects, geologists, hydro-geologists and other experts working intensively on the project lead by Professor Igor Shvets of Trinity College.

The proposal is based on using natural coastal valleys to provide hydro storage reservoirs. Wind farms would then be used to pump sea water into these reservoirs. The water can then be passed through turbines generating massive amounts of power.

(DW/BMcc)

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