A home heating control specialist in Dundalk has been chosen as one of only 12 international companies to participate in the world's first accelerator programme that connects energy start-ups with global utilities.

Climote will now have the opportunity to work with leading global energy utilities, including Irish energy firm ESB, to refine and test its products in international markets with the potential to reach 73 million customers located in 40 countries.

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ESB is one of eight international energy utilities supporting the initiative and will host the selected companies and European investors for a special 'PitchFest' competition in June.

Paul Mulvaney, Executive Director of Innovation at ESB, said: "ESB is focused on developing new energy-efficient and renewable solutions for the customer. For instance, through our innovation hub, X_Site at Dogpatch Labs, we continue to explore radical and disruptive ideas in the energy space.

"We are delighted to support and host the selected companies and European investors for the Dublin module in June. It is a win-win situation whereby the start-ups benefit from access to new markets while ESB and the other utilities have the opportunity to trial and market new services to their customer base."

(CD)