Dublin, Ireland --- (METERING.COM) --- April 8, 2008 - Ireland’s Electricity Supply Board (ESB) has committed to spending €6.5 billion on facilitating renewables, including smart metering and smart networks.

The allocation forms part of a €22 billion capital investment programme aimed at establishing ESB as a world class renewables company. By 2020 ESB aims to deliver one-third of its electricity from renewable generation and to have halved its carbon emissions, with achievement of carbon net-zero by 2035.

Among the actions to be taken, and preparing for competition in the retail market, ESB will also focus on delivering energy conservation and new initiatives on energy efficiencies.

A spokesperson for ESB said that the utility is currently working with the energy ministry and the Commission for Energy Regulation on the rollout of a 25,000 meter AMI pilot in Ireland. The aim is to have smart meters in all homes in Ireland by 2012.

ESB is a 95 percent government-owned vertically integrated utility with responsibility for power generation, networks and supply to more than 1.8 million customers in Ireland.