Latest Updates

Electricity Exchange – Tech Excellence Awards SME IT Project of the Year 2019 Winner

We are delighted to announce that on Thursday 23rd May, Electricity Exchange was announced as a winner at the 2019 Tech Excellence Awards which took place at the Citywest hotel, Dublin.

Electricity Exchange founders Dr. Paddy Finn and Duncan O’Toole were on hand to receive the award for SME IT Project of the Year from Julian Hubble of DrayTek.

Electricity Exchange and Limerick Chamber logos on Presidents dinner banner

Limerick Chamber Regional Business Awards 2018 – Electricity Exchange Best Emerging Business 2018.

We are delighted to announce that Electricity Exchange has won the Best Emerging Business at The Limerick Chamber President's Dinner which took place at The Strand Hotel on Friday 16th November.


Do new Demand Response services mean it's time for a new service provider?

With capacity payments reducing by approximately 25%, now may be the right time to look for a new service provider which can maximise your site's potential demand response income. As the dust settles following the introduction of the DS3 System Services market, and the capacity market has entered the first year of procured capacity, it is now possible to navigate the capacity and system service market with greater certainty. DSU aggregators are already preparing for 2019/2020 by bidding new capacity into the market for the next Capacity Auction Cycle. Time is quickly running out to find the service provider to best cater to your site's needs. With a deadline of December 13th, we have set out a quick overview of what has happened in the market, critical dates and what you need to do to prepare for next year.


Electricity Exchange extends our congratulations to EoY Award winners

Electricity Exchange would like to offer our congratulations to all of the winners and finalists in this year's EoY awards. The awards were held at the City West Hotel on Thursday the 25th October. They were a fantastic host for the night and we'd like to extend our thanks to all staff and everyone involved in organising such a fantastic event/occasion.


The team at Electricity Exchange would like to wish our founding Directors, Dr. Paddy Finn and Duncan O'Toole, the very best of luck at the 2018 EY Entrepreneur of the Year Awards this week!

On Thursday the 25th of October, Paddy will take on some of Ireland's most successful entrepreneurs to represent Electricity Exchange in the Emerging Business category. The prestigious competition promotes entrepreneurship across the island of Ireland and empowers entrepreneurs to grow their businesses both at home and around the world.


Electricity Exchange's managing director Paddy Finn discusses the growth of Electricity Exchange and Entrepreneur Of the Year awards on newstalk

On 20th of October 2018 Electricity Exchange's MD. Paddy Finn was featured on Newstalk's, Down to Business with host Bobby Kerr to discuss Electricity Exchange and the upcoming EoY awards. While accompanied by Pat Rigney of The Shed Distillery of P.J. Rigney, another EoY 2018 Finalist, and Peaches Kemp of itsa Group, the three guests discussed their own businesses and how to take your business to the next level.


Power System Evolution - How Ireland is leading the way

The 14th of March 2018 was a record-breaking day in terms of all island wind generation. Wind generation peaked at 3,655MW representing 65% of total electricity generation at the time. This demonstrates that the Irish power system is now capable of secure and reliable operation at world leading levels of non-synchronous renewable generation. This is a massive achievement considering the first-time wind generation in Ireland broke the 1,000-Megawatt output mark was in October 2009.

The Electricity Exchange and Virtual Remote Terminal unit logos together.

Electricity Exchange Receive SEAI Funding to Demonstrate Low Cost Monitoring and Control System

The team at Electricity Exchange are delighted to officially announce that we have been awarded funding to demonstrate the capability of one of our new product ranges. The new government fund, which was announced on Monday 10th September by the Minister for Communications, Climate Action and Environment, Denis Naughten T.D is part of an €8 million support package that has been sanctioned by the Irish government as part of its plan to combat climate change.


Fora interview Paddy Finn

This week Electricity Exchange's Managing Director Paddy Finn was featured in Fora's Weekly Questions and Answers Series. Paddy offers an insight into how he discovered his passions, how they play a key role in his success and the growth of the company, while also referencing to one of his entrepreneurial heroes Elon Musk. Paddy also speaks about one of the snippets of advice that our Commercial Director Duncan O'Toole gave him that he strongly stands by "Duncan, said to me very early on that making money is easy but making it honestly is the hard part. That's always directed me towards steadfast integrity in doing business." Advice which is core in guiding the way in which Electricity Exchange conducts business within the company and with our clients.


Our New Home

Friday June 15th was marked as the beginning of the next stage of Electricity Exchange's success story. The company celebrated the official opening of a new purpose-built facility in Castletroy, Limerick. It was a day that allowed for reflection on the beginnings of the company and helped put into perspective how incredible the growth the company has seen over the previous 5 years is. This new office eclipses the size of the first Electricity Exchange office which was only 8ft by 8ft. The intended purpose of this new facility is to allow the company to achieve even larger goals and to facilitate the creation and deployment of new and exciting products and services.


Electricity Exchange's Commercial Director Duncan O'Toole discusses the growth of Electricity Exchange on Newstalk

We were delighted to hear that Duncan O'Toole our Commercial Director was invited to speak with Gavin McLoughlin on his Business Breakfast show on Newstalk on Tuesday 26th June. He gave insights into the background of the company including what we do, how we gained a competitive advantage due to technical innovations and finally, what the future holds for Electricity Exchange.


Electricity Exchange's Managing Director Dr Paddy Finn has been announced as a finalist for the 2018 EY Entrepreneur of the Year award.

Dr Paddy Finn will compete amongst 24 Irish business owners for the coveted title of EY Entrepreneur of the Year 2018 Ireland, with the winner going on to represent Ireland at the World Entrepreneur of the Year in Monaco in June 2019.


A fond farewell to our old Office.

1 week to the Official Opening of Electricity Exchange's new Office, Paddy removes the last of our signage from the old office as the team says our final farewell. Exciting times ahead!!!