Celtic Linen signs €1.2m a year energy deal
WEXFORD-BASED Celtic Linen, Ireland's largest independent laundry and linen hire company, has signed a natural gas and renewable electricity deal with Vayu Energy.
Valued at €1.2 million per annum, the agreement will see Vayu Energy supply Celtic Linen with gas and 100 per cent green electricity to meet the year-round energy requirements for its operations at its main processing plants in Wexford and sites across the country.
The energy deal coincides with Wexford's connection to the national gas network which will help to significantly cut energy costs for businesses and also help to strengthen Wexford's position in attracting future foreign direct investment.
Vayu provided expertise and advice in relation to securing a seamless connection to the grid for Celtic Linen which saw gas supplied to its Wexford site for the first time in mid-August. It will also provide Celtic Linen with direct access to wholesale market prices for both gas and electricity.
Peter Scallan, CEO, Celtic Linen who lead the campaign over the past number of years to bring natural gas to Wexford said: 'By enabling us to purchase natural gas and electricity on the wholesale markets, our partnership with Vayu gives us access to the best energy prices available.
'Not only does the deal provide us with a significant reduction in our energy costs, but we are working with a company that has demonstrated an unmatched expertise and understanding of Ireland's energy market.'
'As a sustainable business, Celtic Linen is passionate about minimising our impact on the environment and is continually looking at ways to reduce our carbon footprint across all our business operations.'
Stephen Behan, energy specialist at Vayu said: 'Ireland's energy market is undergoing a fundamental change in the way businesses procure and manage their energy'. He said minimising energy costs is becoming an even greater consideration and this is having a direct impact on the way companies across Ireland source their energy.