Monday, June 24, 2024

US firms ‘nervous’ to come to Ireland amid data centre concerns

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Industry chief says that American companies are worried that they will be blocked from further expansion due to power constraints

US companies are “very nervous” about coming to Ireland because of regulatory concerns around data centres, Niall Molloy, chief executive of Echelon, the Irish-owned data centre company, has said.

Speaking at ‘The Real Deal’ SME Conference on Thursday, he echoed warnings that the country could miss out on the “next huge wave of investment” if we “can’t come up with a clear path as to how people can do data centres.”

Molloy was asked about the importance of data centres if Ireland is to continue to attract multinational investment in light of a recent Business Post article in which an executive at Amazon expressed concern over Ireland’s ability to attract foreign direct investment (FDI) due to energy constraints.

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