€150 million EIB backing for ESB smart meter rollout

The European Investment Bank (EIB) is to back the ESB Networks national “smart meter” roll-out to homes, farms and businesses across Ireland.

ESB Networks will replace 2.4 million meters with modern smart meters in every home, farm and business by the end of 2024.

The European Investment Bank (EIB) is to back the ESB Networks national “smart meter” roll-out with the support of €150 million.

The EIB and ESB are today signing a loan facility which will see 2.4 million smart meters installed in every home, farm and business in Ireland by the end of 2024.