# ESB

ESB is a Corporate Investor based in Dublin, Ireland.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Dublin, Ireland
- **Region:** Europe
- **Address:** Dublin 2, Ireland
- **Founded:** 1927
- **Assets under management:** Undisclosed
- **Website:** esb.ie
- **LinkedIn:** https://www.linkedin.com/company/esb

## Regulatory record

- **Reports private funds:** No

## About

ESB is an Irish energy company based in London, England. It operates a network of electric vehicle charge points and offers low carbon business solutions. ESB generates renewable energy through wind farms and serves various sectors, including transport and logistics, food and drink manufacturing, retail, and education.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate
- Utilities

## People

- Paddy Hayes — Chief Executive Officer
- Paul Stapleton — Chief Financial Officer

## Questions

### Who runs investment decisions at ESB?

Capital allocation is governed by the board and executive management under CEO Paddy Hayes and CFO Paul Stapleton. Major infrastructure commitments, particularly generation projects and joint ventures, receive additional oversight from the Irish government as the 97.1% shareholder. There is no external investment committee structure; decisions follow state-agency capital-planning processes.

### How is ESB related to the Government of Ireland?

ESB is a statutory corporation established by the Electricity (Supply) Act 1927. The Government of Ireland holds 97.1% of the shares. The remaining equity was distributed to ESB employees under an employee share ownership plan. The government's stake means ESB's capital policy is aligned with national energy and climate objectives.

### Does ESB invest in renewables, and if so, how?

Yes. ESB co-develops offshore wind farms with Ørsted and holds onshore wind assets in Ireland and the UK. It also invests in energy storage projects alongside Bord Gáis Energy. The generation fleet transition from gas to zero-carbon sources is the company's most significant near-term capital program.

### What is SIRO and how does ESB participate?

SIRO is a wholesale fiber-to-the-building broadband joint venture between ESB and Vodafone. It leverages ESB's existing electricity network infrastructure to deliver gigabit-capable connectivity, primarily in regional and rural Ireland. ESB's contribution is the physical network access rights and installation capability.

### How does ESB compare to other European state-owned utilities on governance?

ESB operates a standard corporate governance model for a state-owned enterprise: a board appointed with ministerial approval, an executive team under a CEO, and capital discipline subject to the NewERA framework for Irish state assets. The employee share ownership plan creates an additional layer of internal economic alignment absent in many European counterparts.

### What real estate assets does ESB hold?

ESB owns commercial properties at Fitzwilliam 27 and Fitzwilliam 28 in central Dublin. These are legacy assets held on the corporate balance sheet. The company also holds the regulated network property estate and industrial sites such as the Aghada Power Station in County Cork.

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- [Ervia Pension Scheme](https://altss.com/profile/ervia-pension-scheme)
- [ESG Asset Management](https://altss.com/profile/esg-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

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