Bord Na Móna €5m Investment To Benefit Eight Companies

Friday, 26 January 2024 11:00

This year's beneficiaries of the Accelerate Green Programme have been chosen.

Bord Na Móna has selected eight companies to benefit from an investment of five million euro.

The Accelerate Green Programme is aimed at supporting early-stage enterprises, SMEs and start-ups leading the response to climate action and sustainability.

ACEL Energy, Voltclub Renewables, Konree Innovation, Weev, SomaTech , I/O Agri, AffinityEV and Universal Graphics, have been chosen as this year's beneficiaries.

They'll undergo a series of immersive learning sessions and mentoring workshops across eight weeks in the dedicated Accelerate Green hub in Boora, Offaly.

The eight companies were chosen at the launch of this year's event yesterday.

Speaking there, Simon Coveney TD, Minister for Enterprise, Trade and Employment, says:

"I’m delighted to officially launch the 2024 Accelerate Green programme at Bord na Móna’s Accelerate Green Hub at Lough Boora and would like to congratulate the eight businesses selected to take part. The green economy offers exciting opportunities for Irish companies, and as a government we want to see innovative climate-focused businesses and entrepreneurs across Ireland succeeding and creating new sustainable employment opportunities.

As a nation we have ambitious climate action goals in place for the end of the decade as well as our net zero emissions target for 2050. Bord na Móna’s Accelerate Green programme is supporting the green innovators that will help us to meet these goals and shape a more sustainable future for our country. I would like to wish all of the participants the very best as they begin this year’s programme."

Tom Donnellan, Chief Executive, Bord na Móna, says:

"We are delighted to unveil the eight fantastic companies joining the Accelerate Green Programme for 2024.

This year’s participants are inspiring examples of the high standard of innovation in the Irish sustainability space today.

Among the climate-focused innovations offered by these eight businesses, we have everything from sustainable farming solutions and aquaculture technology, to EV charging solutions, showcasing the way in which green innovation can create solutions for so many sectors, businesses and the wider public."