The IERC led ‘CENTS’ Project will provide a mechanism for trading of electricity from renewable energy sources

 We are delighted to announce that the IERC led Cooperative Energy Trading System (CENTS) project has been successfully approved for funding under the Irish Government’s Disruptive Technologies Innovation Fund (DTIF).

The DTIF announcement was made today (10 December 2018) by An Taoiseach Leo Varadkar TD, the Minister for Business, Enterprise and Innovation, Heather Humphreys TD and Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen TD, this morning and signals a proactive approach from the Irish Government supporting projects that are aiming to tackle the climate change issues we are currently facing.

About CENTS:

CENTS is a collaborative project coordinated by the IERC and will rely on the industry experience from MPower, mSemicon and CRES, in addition to the research capabilities of UCC, NUIG, and DIT. It is a disruptive technology platform for the electricity sector where consumers and communities will be empowered with the necessary infrastructure to generate their own electricity, earn from the electricity generation, and finally, to be an integral part of decarbonizing their homes and communities for sustainable living. CENTS is the only project supported under the Energy, Climate Action and Sustainability priority area. It provides a software solution for a blockchain-enabled cooperative peer-to-peer energy trading platform and proposes necessary hardware requirements and market and regulatory strategies.

The CENTS blockchain enabled cooperative P2P energy trading platform addresses several of the National Strategic Outcomes (NSO) such as Transition to a low-carbon and climate resilient society (NSO 8), A Strong Economy Supported by Enterprise, Innovation and Skills (NSO 5), Compact Growth (NSO 1), Enhanced Regional Accessibility (NSO 2), and Strengthened Rural Economies and Communities (NSO 3) as targeted by Project Ireland 2040.

About DTIF:

  • DTIF [] is a €500 million fund established under Project Ireland 2020 and is run by the Department of Business, Enterprise and Innovation with administrative support from Enterprise Ireland
  • 27 projects are approved for funding with many led by start-ups and SMEs
  • The successful projects will receive over €70 million to 2021
  • The successful projects represent the health, food, ICT-energy and manufacturing sectors

About the CENTS Consortium

The CENTS Consortium includes the International Energy Research Centre, MPower, MSemicon, Templederry   Renewable Energy Supply (CRES), UCC, NUIG, DIT


For more information please contact:

Brian O’Regan

Senior Research Engineer, IERC



Dr. Piyush Verma

Senior Energy Market Analyst, IERC

(021)- 234-6681


Dr. Matt Kennedy

Head of Strategy and Business, IERC

087 265 0621

Related Articles

RE-energising Europe – 24 & 25 October 2023

Taking place in Brussels (Atelier 29) on 24-25 October, the event is bringing together speakers from EU institutions, project representatives and key players of the energy market. 

Barriers and challenges to the deployment of Smart Energy Services in Europe

On April 25th the EU Horizon 2020 funded project SmartSPIN, led by IERC, participated in an online clustering event with other EU Projects where different perspectives on Smart Energy Services in Europe were presented.

Post Doctoral Researcher in Electrical Engineering with Specialisation in Local Electricity Markets

The “intelligent Grid (iG)” research team at the International Energy Research Centre (IERC), Tyndall National Institute, University College Cork, invites applications for Post-Doctoral Researchers in Electrical Engineering with a specialisation in Local Electricity Market.