Green energy company projects sales growth of €50m over next two years with €3m investment
ActionZero, an Irish-owned climate technology company, has announced the establishment of its new manufacturing, research and development centre in Tralee at the former Borg Warner facility. The company will continue to develop and expand its world leading EscoPod product range from this new facility, and is projecting sales growth of €50m over the next two years.
ActionZero will manufacture its healthcare and enterprise EscoPod products at the site. The site will employ up to 50 high value engineering and manufacturing jobs locally. ActionZero has plans to invest €3 million in the company over the coming three years.
Minister for Public Expenditure and Reform Michael McGrath was present for the official opening of the new facility in Tralee along with representatives from Enterprise Ireland, Kerry Region and Regional Initiatives and Brendan Griffin TD.
Minister McGrath said: “Today’s announcement by ActionZero is welcome news for the Kerry and Tralee region and represents a real boost to the local economy with key jobs and skills in this important sector. I very much welcome ActionZero’s commitment to manufacturing in Ireland and the climate change challenge which is to the fore of all our minds. I wish ActionZero every success in its continued growth.”
ActionZero recently announced agreements to roll out the EscoPod high temperature heat pump technology across a number of key clients including Kepak and Bon Secours Health System among others, with combined deal value in excess of €20 million.
CEO of Enterprise Ireland Leo Clancy said: “Action Zero’s announcement today represents a really strong commitment to Tralee and to scaling its impact in the climate technology sector. ActionZero is providing solutions to enable and accelerate our goal to lead in a changing world where climate change is a key global priority. That focus on driving sustainability represents a great opportunity and will be a key growth area for Irish business.”
CEO of ActionZero, Denis Collins said: “I’m excited to announce the opening of the ActionZero Climate Technology Manufacturing, Research and Development Centre in Tralee, continuing our rapid growth and contribution to the global climate change challenge. We’re also proud to help lead the acceleration of a viable global energy hub in Ireland and Munster. Our decision to locate Manufacturing and R&D in Tralee, is a testament to the skills and talent available locally. The innovation centre will be central to ActionZero development of pioneering technologies that will make a tangible, lasting impact via our unique, patented decarbonisation solutions roadmap. We are also very grateful for the comprehensive leadership and support from Enterprise Ireland and IDA Ireland that enabled ActionZero to achieve this compelling Irish regional location.”
ActionZero is an Irish climate technology company dedicated to decarbonising commercial businesses and industry. Our innovative heat pump technologies decarbonise heat by completely removing fossil fuels from a particularly challenging sector. ActionZero designs, builds, installs and operates the EscoPod thermal energy system which delivers ongoing performance validation through their online data analytics platform. Through our patented design and engineering integration, the EscoPod provides fossil fuel free heating and chilling at higher temperatures, efficiencies and reliability avoiding the need for expensive building retrofit costs and business interruption.