The electricity, gas and renewable energy company said it was "excited to support these incredible athletes as they represent Ireland on the world stage".

"By partnering with Team Ireland for the Paris Olympics 2024, Flogas is not only supporting top athletes but also encouraging young athletes to follow their dreams and pursue their passions," a statement said.

"Flogas is committed to supporting strong vibrant communities and believe that sport plays a vital role in doing so."

John Rooney, the managing director of the company, added: "We are thrilled to be sponsoring Team Ireland for the Paris Olympics 2024. 

"At Flogas, we believe that everyone should have access to the energy they need to achieve their goals, whether that's powering their homes, businesses, or their sporting careers. 

"We are excited to be sponsoring Team Ireland, and we cannot wait to see them compete at the highest level."

Peter Sherrard, the chief executive of the OFI, welcomed the deal which was announced at the Sport Ireland Institute in Dublin.

"We are delighted to welcome Flogas to the OFI family as a proud partner of Team Ireland," he said.

"We look forward to working closely together to support the athletes and help them achieve their goals as they prepare for Paris 2024 and beyond."

Boxer Amy Broadhurst, winner of a gold medal in the light welterweight division at the 2022 Women's World Championships in Istanbul, is aiming for Paris 2024 and is one of the athletes set to benefit from the deal.

"It is exciting to see the preparations build as we embark on the qualification period," she said. 

"Having Flogas on board to help power our Olympic dreams through their partnership with the OFI means that Team Ireland athletes can leave no stone unturned on our Olympic journey."