4 May 2021 9:26 GMT Updated 4 May 2021 9:29 GMT Siemens Energy will supply technology to Irish energy company Electricity Supply Board (ESB) to stabilise the grid at the Moneypoint coal power station, which is slated to be substituted by a 1.4GW floating wind array in the Atlantic Ocean. The German company will supply a synchronous condenser system, which will incorporate the world’s largest flywheel used for grid stability. “Due to the intermittency of wind energy in particular, grid stabilization technologies have an increasingly important role in a successful energy transition,” said Paul Smith, head of asset development at ESP Generation and Trading. “We are pleased to bring forward the Moneypoint Synchronous Compensator with flywheel as a cost effective and zero carbon solution in strengthening the stability and resilience of the Irish grid.”