Climate technology company ActionZero is setting up a new manufacturing, research and development center in Tralee, County Kerry, on the former Borg Warner premises.
The new facility will employ up to 50 high-value engineering and manufacturing jobs locally and ActionZero plans to invest €3 million in the business over the next three years.
The Enterprise Ireland-backed company will continue to develop and expand its EscoPod high-temperature heat pump technology product range from the new Tralee facility, and forecasts sales growth of €50 million over the next two years.
ActionZero CEO Denis Collins said the company was 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,” said Mr Collins.
The innovation hub will be central to ActionZero’s development of pioneering technologies that will have a tangible and lasting impact through our unique and proprietary roadmap of decarbonization solutions,” he said.
“We are also very grateful for the comprehensive leadership and support of Enterprise Ireland and IDA Ireland that enabled ActionZero to achieve this attractive Irish regional location,” he added.
“Today’s Action Zero announcement represents a really strong commitment to Tralee and expanding its impact in the climate technology sector,” said Enterprise Ireland CEO Leo Clancy.
“ActionZero is providing solutions to enable and accelerate our goal of leading in a changing world where climate change is a key global priority. That focus on driving sustainability represents a huge opportunity and will be a key growth area for Irish businesses,” he added.
Minister for Reform and Public Expenditure Michael McGrath said the ActionZero news is welcome 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 am very appreciative of ActionZero’s commitment to manufacturing in Ireland and the challenge of climate change being at the forefront of all of our minds,” he added.