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 EscoPod product range from this new facility, and is projecting sales growth of €50m over the next two years.
The company 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.
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. 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.
Speaking at the opening, 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."
CEO of Enterprise Ireland, Leo Clancy added, "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."