Online retail giant Amazon decided not to go ahead with a €300m investment, which would employ more than 500 in Dublin, because it did not receive the necessary guarantees about power supplies the plant would require.
The facility would have been an AI testing and manufacturing facility and not a data centre.
It is understood that the multinational believed it has not received sufficient reassurance that it would be able to get an adequate power supply to proceed with the project.
Amazon had been in negotiations with ESB Networks regarding a connection for the plant from 2027 onwards.
Following a report in the Irish Times this morning, ESB Networks said it had been in “discussions” with Amazon about progressing a feasibility assessment.
It added it was “actively working” with Amazon to connect the facility “up until the decision was taken not to proceed in Dublin”.
In a statement, Amazon said it was “disappointed that it did not prove possible to proceed with this project”.
“If conditions allow, we do hope to be able to make other high-tech investments elsewhere in Ireland,” it added.
Amazon had planning permission for the plant, which is in an area that already has heavy electricity use by industry.
In the past, Amazon has made investments worth €22 billion in Ireland.