ActionZero has announced to establish a new manufacturing, research and development center in Tralee. The company will manufacture its healthcare and enterprise EscoPod products at the site. Moreover, this new facility will create 50 high value engineering and manufacturing jobs locally.
€3 million investment
ActionZero is an Irish-owned climate technology company. They are planning to invest €3 million at the new facility over the coming three years. They will build this new research and development center in Tralee at a former Brog Warner facility. In addition, they are projecting a sales growth of €50m over the next couple of years. Moreover, the EscoPod provides fossil fuel-free heating and chilling at higher temperatures. “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 Enterprise Ireland, Leo Clancy expressed his views in a statement.
The move is part of company’s significant expansion strategy. Previously, the climate tech firm doubled its workforce in 2021. It started with the hiring of 10 people at Cork’s Penrose Dock last November. However, the company intends to expand their workforce to 100 employees by the end of 2024. In addition, the tech company will hire 50 employees in engineering and manufacturing related roles at the Kerry site. “The announcement is 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.” Minister for Public Expenditure and Reform Michael McGrath spoke at the official opening of the new Tralee facility.
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