May 16, 2020

€9bn to be invested in Ireland’s data centre industry by 2021

Host in Ireland
data centre
Ireland
construction
Jonathan Dyble
2 min
Data centre
According to a report produced by Host in Ireland and Bitpower, Ireland’s data centre construction industry is set to see up to €9bn of investment c...

According to a report produced by Host in Ireland and Bitpower, Ireland’s data centre construction industry is set to see up to €9bn of investment come 2021.

“The first quarter of 2018 has seen the continued expansion of the Irish data hosting market, with new projects and expansions being announced in Dublin and Cork,” said Host In Ireland founder and president Garry Connolly.

“We continue to see strong growth with the granting of planning, and new planning applications for, in particular the metro Dublin area.”

See also:

This year is forecast to see €1.1bn in data centre investment in Ireland, bringing the total cumulative investment to €5.7 billion, with over €1bn expected to come over each of the following years.

Currently, there are 46 successfully built and operational data centres across Ireland including facilities from Microsoft and Amazon, with these data centres combined having over 480MW of operational power.

Further, in Ireland there is currently 110MW under construction across a number of data centre projects, whilst a further 320MW having been given full planning permission, with the country’s total capacity set to nearly double once these projects are complete.

However, the report states that this future growth in the industry will largely depend on the development of energy infrastructure to support it, with the data centre industry accounting for as much as 5.5% of Ireland’s total 1.56TWH power requirements in 2017.

“While the start of the year has been very positive for the market with €1bn anticipated to be spent in 2018, the medium to longer-term sustained growth of the industry will depend on the availability of energy options in the Dublin metro [area],” Connolly continued.

For more information, see the full Data Centre Q1 2018 report.

Share article

Jun 23, 2021

SafeAI attracts $21m funding as SmartMix AI tool launches

AI
Technology
Autonomoustrucks
funding
Dominic Ellis
3 min
News of SafeAI's new funding to develop connected, autonomous sites follows Giatec's launch of SmartMix AI tool

SafeAI has announced $21 million in Series A funding led by Builders VC which will accelerate R&D and fuel global expansion to meet rising demand for autonomous heavy equipment.

SafeAI is driving the transformation of the mining and construction industries through connected, autonomous sites. With chronic labour shortages, unsafe working conditions and frequent project delays, these industries are in a unique position to benefit from autonomy.

Unlike on-road applications of the technology, autonomous heavy equipment operates in controlled environments, which means companies can create smarter, safer, more productive project sites today that create meaningful, near-term impact.

“We are at a tipping point for autonomous heavy equipment,” said Bibhrajit Halder, founder and CEO at SafeAI. “We’ve proven that autonomy makes work sites significantly safer and more productive; now, we are on the cusp of mass adoption. Together with our valued partners, customers and investors, we’re poised to deploy autonomy in off-road industries like construction and mining, at scale, to rethink the way heavy industry operates.”

Heavy industry is a large, growing global market, ripe for disruption. The construction equipment market alone is valued at $140 billion, and expected to increase to $175 billion by 2025; construction-related spending accounts for a staggering 13% of global GDP, or $11.5 trillion.

But there remains significant room for growth; in construction alone, higher productivity could create an estimated $1.6 trillion in additional value. With just 25% of the infrastructure needed by 2050 in existence today, autonomy can bridge this productivity gap with greater efficiency and 24/7 operations. SafeAI is at the forefront of this transformation.

“There’s a tremendous amount of excitement in the autonomy space today; but it’s clear the biggest opportunity for this technology is off-road,” said Mark Blackwell, General Partner at Builders VC. “With its industry-leading autonomous software, scalable retrofit approach and partner ecosystem, SafeAI is uniquely poised to capitalize on this opportunity. We’re proud to support the company in its next chapter of growth as demand for autonomous heavy equipment continues to skyrocket.”

New investors LTCDG VenturesMACA and Vimson Group, and existing investors Autotech VenturesBrick and Mortar VenturesEmbark VenturesMonta Vista Capital and Obayashi Corporation, also participated in the round. The funding comes on the heels of a year of rapid growth for SafeAI, including new partnerships with ObayashiGoodyear and Macnica, and expansion into Australia’s booming mining market. 

A pilot program with Obayashi Corporation last November saw a Caterpillar 725 articulated dump truck autonomously complete a vital on-site function and carry out load-haul-dump cycles.

Giatec debuts SmartMix AI tool

Giatec has debuted what it claims is the world's first concrete AI tool for producers, SmartMixThe web-based AI tool allows producers to optimise concrete ingredient proportions, reduce cement usage, and predict the performance of their mixes while still meeting project specifications.

Giatec believes this tool will lower Greenhouse Gas emissions resulting from concrete production by 400 million tons annually, the equivalent of taking 110 million cars off the road.

SmartMix builds on Giatec's first AI software program Roxi, which has collected millions of data points from the company's SmartRock wireless concrete sensors across 8,000 projects and 80 countries.

Giatec's head of research and development, Andrew Fahim, said the new technologies are going to pave the path forward for the industry to meet increasing infrastructure demands.

Share article