Two green energy companies have merged in a move that is expected to lead to the creation of 80 new jobs.
Energy Services and Straightline Energy Solutions have merged to form Action Zero with entrepreneur Pearse Flynn coming in as a backer.
ActionZero currently has 22 staff based in counties Cork and Kerry but said it will add a further 80 jobs over the next three years as demand increases for its services.
The new entity is behind a patented turnkey technology called the EscoPod which generates heat in a process that eliminates the need for fossil fuel. The technology is integrated with an analytics platform that uses data to optimise efficiency and report on the transition to green, renewable energy.
Denis Collins, a former global executive with IBM, and previous chairman of IDA Ireland Regional Development, is to lead ActionZero.
“I’ve always had a passion for combining commercial opportunity and social good, and ActionZero ticks both of those boxes. 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,” Mr Collins added.
Energy Services was established as a power and energy consultancy 28 years ago by Cork businessman Tom Lynch, and has operated in over 16 countries. Straightline Energy Solutions, which is the original developer of the EscoPod, was founded in 2013. It is based in Killarney and is led by John O'Leary.
