The newly merged company, ActionZero, is expected to create additional jobs over the next three years as it expands its services.
Two green energy companies in Ireland – Energy Services and Straightline Energy Solutions – have merged to create a new company along with 80 new jobs.
The newly merged company, ActionZero, aims to help businesses reduce their carbon footprint with technology that generates heat in a process that eliminates the need for fossil fuel. The tech is integrated with an analytics platform that uses data to optimise efficiency and report on the transition to green, renewable energy.
ActionZero currently has 22 staff based in Cork and Kerry and plans to add a further 80 jobs over the next three years as demand for its service increases.
The newly formed company’s CEO, Denis Collins, is a former global executive with IBM and previous chair of IDA Ireland Regional Development.
“It’s no secret that we’re facing a climate crisis and as the world continues to push towards a zero-emissions future, we’re here to make that a reality,” he said.
“There’s a significant global market opportunity and ActionZero is a highly skilled organisation that clearly addresses that, delivering fully funded solutions through patented technology and analytics to make a better planet for all.”
Minister for Public Expenditure and Reform Michael McGrath, TD, said this is an exciting jobs announcement for Cork and the wider Munster region.
“I’m looking forward to seeing Denis and the team at ActionZero bring value and growth as well as high-quality jobs to our energy sector in the coming years.”
The announcement comes in a week where the world’s attention has been on the climate emergency, with the latest report from the Intergovernmental Panel on Climate Change (IPCC) deemed “a reality check”.
“It is indisputable that human activities are causing climate change and making extreme weather events more frequent and severe,” said Hoesung Lee, IPCC chair.
The IPCC report was followed by a survey from the European Investment Bank which suggested that Irish businesses are lacking in their response to the climate emergency.