Special Reports
A special report is content that is edited and produced by the special reports unit within The Irish Times Content Studio. It is supported by advertisers who may contribute to the report but do not have editorial control.

Investment in digital and EV infrastructure crucial for growth

Better connectivity is key in accelerating a move to greener transport and stimulating the net-zero economy

'We need a charging infrastructure based on smart technology and renewable energy that isn’t constantly placing new demands on the grid.' Photograph: iStock

Deanna O'Connor
Thu Nov 23 2023 - 05:00

Connectivity makes this a small world. In this era of globalisation, having efficient transportation networks and reliable internet connectivity is vital for businesses to thrive. It enables them to access markets, connect with customers and participate in the digital economy. Ireland has made significant investments in improving its infrastructure to support businesses across the country – but have we done enough?

Regional business and industry development has been facilitated by greater connectivity through improved transport infrastructure and investment in ports, airports and road and rail networks, enhancing connectivity between regions, according to Cian Kelliher, management consulting partner, KPMG in Ireland. But it is digital connectivity that has the most far-reaching impact.

“Through the expansion of high-speed broadband and the presence of technology hubs, such as the Ludgate Hub in Skibbereen or PorterShed in Galway, it has allowed businesses in less urbanised regions to access global markets and expand their businesses, and facilitate an increase in remote working,” says Kelliher.

“While improved connectivity in Ireland’s regions has been a driving force behind the growth of businesses, employment opportunities and industries in various regions, continued investment in regional infrastructure and capacity is essential to enhance the wellbeing of local communities and businesses, attract talent and contribute to Ireland’s overall economic growth and competitiveness. This strategy will foster a more balanced, diverse and resilient Irish economy.”

READ MORE

Karl Duffy, head of enterprise and public sector at Three Ireland, agrees that investment in infrastructure and capacity not only makes Ireland a more attractive destination for foreign direct investment (FDI) but also contributes to economic growth, and an enhanced quality of life.

“It plays a pivotal role in strengthening the country’s position as a competitive and innovative hub for global businesses,” he says. “Strong infrastructure supports the diversification of industry sectors in Ireland. Diverse sectors appeal to a wide range of FDI, giving Ireland greater security by reducing economic dependency on specific industries.”

However, Duffy knows all too well the challenges that technology providers face in rural areas – complexity, cost and inconsistent or substandard underlying infrastructure, as well as more difficult terrain.

Karl Duffy, Three Ireland: 'Strong infrastructure supports the diversification of industry sectors in Ireland. Diverse sectors appeal to a wide range of FDI, reducing economic dependency on specific industries'

“In addition to the increasing cost for roll-out, complex regulatory and planning requirements can also lead to roll-out delays,” says Duffy.

“However, while there may be challenges, the opportunities for digital infrastructure are clear – not only are providers enhancing the quality of lives of their customers, they are also in turn leading to improved economic benefits for Ireland, including positioning Ireland on the global stage as one of the most connected countries in the world. This brings ample opportunity for FDI, employment. and technological advancements as well as greater ways to connect, learn, study and play.”

Chris Collins, country president, Ireland, for Schneider Electric, brings the perspective of both an FDI company and a business that has skin in the game. Schneider Electric provides businesses and local authorities with electric vehicle (EV) charging solutions and power distribution installations catered for SMEs and large enterprises, and he sees investment in EV infrastructure as crucial to creating green and sustainable transport connectivity.

Chris Collins, Schneider Electric: 'The roll-out of a nationwide charging infrastructure will drive investment and create jobs, through a dedicated ecosystem of ancillary companies'

“Better transport links and infrastructure are key to growth and investment,” says Collins. “Currently most EV owners tend to charge their vehicles at home but further expansion will lead to more device locations and hubs in public places. This includes residential buildings, office campuses, and en route locations like motorway services, ferry terminals and hotels.

“To achieve this, we need a charging infrastructure based on smart technology and renewable energy that isn’t constantly placing new demands on the grid.”

The move to greener power sources and EVs will dramatically reduce CO2 emissions – and their adoption, Collins predicts, will also stimulate the net-zero economy.

“The roll-out of a nationwide charging infrastructure will also drive investment and create jobs, through a dedicated ecosystem of ancillary companies focused on implementation, maintenance and support,” he says.

However, it all comes back to digital connectivity – to operate smart infrastructure, allowing different components of that infrastructure to communicate, share data and operate more efficiently. Ultimately, Collins says: “Digitally led infrastructure will help to accelerate EV adoption and attract foreign investment from companies that recognise Ireland is a vibrant, progressive and connected economy.”

LATEST STORIES