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Ireland wastes €450m in wind energy as grid constraints hamper climate goals

Ireland wastes €450m in wind energy as grid constraints hamper climate goals

Business Post3 days ago
Business Post subscribers can read:
• New research that shows the growing volume of wind energy wasted on the Irish electricity system
• The value of that wasted energy
• The required grid upgrades that would allow more of that energy to be used
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Ryanair wants the EU to reform air traffic services after French strikes cancel 400 flights
Ryanair wants the EU to reform air traffic services after French strikes cancel 400 flights

The Journal

timean hour ago

  • The Journal

Ryanair wants the EU to reform air traffic services after French strikes cancel 400 flights

RYANAIR HAS CALLED for urgent reform of air traffic services from the EU, as it says it was forced to cancel over 400 flights this past week. French air traffic controllers went on strike as summer holidays kicked off this week . The two unions behind the industrial action called for better working conditions and to protest against 'chronic understaffing'. France's DGAC aviation authority said 933 flights departing from or arriving at French airports were cancelled on Thursday, with around 1,000 flights cancelled on Friday. The strikes have continued this weekend. Of these, Ryanair said its 400 cancelled flights disrupted the travel plans of over 70,000 passengers. In the Ryanair statement released this morning, the Irish budget airline called on von der Leyen to take urgent action to reform EU ATC services by ensuring that ATC services are fully staffed for the first wave of daily departures, and by protecting overflights during national strikes. Advertisement It argued that these two reforms would 'eliminate 90%' of all air traffic delays and 'protect EU passengers from these repeated and avoidable ATC disruptions due to yet another recreational French ATC strike'. Ryanair said it was renewing its call for European Commission president Ursula von der Leyen 'to quit if she will not take action to urgently reform' EU air traffic control services. It added that a 'tiny handful' of French air traffic controllers had caused 'mass delays across Europe' by engaging in two more days of strikes this weekend. UNSA-ICNA, the second biggest labour group in the sector, launched the action to protest against 'chronic understaffing', the planned introduction of a clock-in system, outdated equipment and 'toxic management practices that are incompatible with the requirements of calm and safety'. It was joined by the third largest union, USAC-CGT but the main union, SNCTA, has not joined the action. 'It is completely unacceptable that two or three French Air Traffic Controllers can simply decide to extend these recreational French ATC strikes without any notice and ruin the travel plans of thousands of EU passengers and their families over one of the busiest travel weekends of the year,' a spokesperson for Ryanair said. 'Meanwhile EU President Ursula von der Leyen has failed to take any action to reform Europe's ATC service,' the spokesperson said, adding that she had 'failed' for the last 6 years. 'As a result, EU passengers are now being held to ransom once again by a handful of French Air Traffic Controllers.' Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

Irish fintech company Fenergo announces creation of 300 jobs at Dublin HQ
Irish fintech company Fenergo announces creation of 300 jobs at Dublin HQ

Irish Post

time3 hours ago

  • Irish Post

Irish fintech company Fenergo announces creation of 300 jobs at Dublin HQ

LEADING Irish Software as a Service (SaaS) financial technology solutions provider Fenergo has this week announced the creation of 300 jobs at its global HQ in Dublin. The move is part of a €100m Research, Development & Innovation (RD&I) expansion plan supported by Enterprise Ireland. In addition to the new roles in Ireland, which will double the domestic headcount, Fenergo is creating new jobs across its international markets to meet demand for its AI-powered solutions. A total of 500 new positions will be filled by the company globally within the next three years. "This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights," said Marc Murphy, CEO and Founder of Fenergo. Fighting financial crime With support from Enterprise Ireland, Fenergo has also invested in a new RD&I Centre of Excellence, where the new Irish roles will be based, supporting Fenergo's innovation strategy. The new roles will enable Fenergo to further deliver on its mission to support financial institutions in fighting financial crime and creating a safer world. Fenergo will continue to build out its intelligent, AI-powered solutions for client lifecycle management (CLM), anti-money laundering (AML) and Know your Customer (KYC). This suite of solutions forms Fenergo's FinCrime Operating System, which addresses all anti-financial crime events and operations. The company's investment in its Irish and international expansion is expected to further bolster its ability to serve international markets while also growing its domestic business. In the year ending March 2025, 97 per cent of Fenergo's revenue was generated from exported business. 'Irish-owned, globally-focussed' Kevin Sherry, Interim CEO of Enterprise Ireland, said Fenergo's success showed how Irish companies can impact global markets. "Ambitious companies like Fenergo embody Enterprise Ireland's mission that Irish-owned, globally-focused companies will be the primary driver of our economy," he said. "Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets. "I'd like to congratulate Marc and the team on this expansion and we look forward to working with them." Recruitment for the new roles is now underway, with candidates being sought for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme with the intention of appointing up to 30 university graduates. See More: Dublin, Enterprise Ireland, Fenergo

Ireland's original influencer: Lisa McGowan on building a €10m business, and her new menswear range
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Business Post

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Ireland's original influencer: Lisa McGowan on building a €10m business, and her new menswear range

Business Post subscribers can read: • How one €10,000 prize at Galway races launched McGowan's €10m fashion and beauty empire • The strategy behind Lisa's Lust List • The legal battle McGowan fought to protect her brand and family This month marks a significant full-circle moment for Lisa McGowan. It was nine years ago that she won the Best Dressed Lady award at the ...

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