ESB Novusmodus to put €7 million into Cylon Controls Ltd, based in Dublin.

Cylon Controls, a manufacturer and developer of Building Energy Management Systems (BEMS), has offices in Asia, the Middle East and the United States.

The investment is being used for the continued growth of Cylon Control, including the financing of the acquisition of US-based company American Auto-Matrix, adding complementary technologies, access to broader markets and allowing the Dublin-based firm to challenge established international players and significantly increase its US presence.

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Pat O’Doherty, ESB Chief Executive said: "ESB's investment in Cylon Controls is a win-win formula which sees the company benefit from our technical expertise, investment support and utility endorsement and positions ESB at the forefront of progressive energy utilities striving for a sustainable energy future."

Greencoat Capital is sole investment adviser to ESB Novusmodus, ESB's cleantech and resource efficiency fund.