The Grand Canal Theatre (which was renamed Bord Gais Energy Theatre in 2012) was designed by Daniel Libeskind and named after the surrounding Grand Canal dock area. The theatre was deemed necessary to stage large productions which had only one other possible venue at the 3Arena across the river. Performance dates were not always available at the 3Arena.  The theatre was designed as home to a touring ballet, opera and music companies. The state-of-the-art theatre is the largest in the country with a capacity of 2,111 spectators. This is the place to see large productions and international touring companies.

The architect's concept was to create a building which would assert a powerful cultural presence and through the transparency and fluidity of the structure represent a flow between the public and the cultural, commercial and residential surroundings. He sought to create a dynamic meeting place and an iconic structure which reflected the joy and drama which is emblematic of Dublin.