Green energy company ActionZero projects sales growth of €50m over next two years.
Irish climate technology company ActionZero is establishing new manufacturing, research and development centre in Tralee at the former Borg Warner facility.
The company will continue to develop and expand its EscoPod product range from this new facility, and is projecting sales growth of €50m over the next two years.
“Our decision to locate Manufacturing and R&D in Tralee, is a testament to the skills and talent available locally”
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 €3m in the company over the coming three years.
“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,” said ActionZero CEO Denis Collins.
“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.”
The business 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 €20m.
“Action Zero’s announcement today represents a really strong commitment to Tralee and to scaling its impact in the climate technology sector,” said Enterprise Ireland CEO Leo Clancy.
“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.”
Minister for Public Expenditure and Reform Michael McGrath, TD, welcomed the development.
“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.”
Main image at top: Minister for Public Expenditure and Reform Michael McGrath, TD, with ActionZero CEO Denis Collins