Green energy company ActionZero has opened a new office at Penrose Dock in Cork as it plans to increase its workforce to 100 in three years from 10 at the start of the year.
ActionZero is strongly positioned to play a key role in the country's transition to a decarbonised economy over the next decade as it focuses on technologies and services dedicated to decarbonising heat.
The company has developed a patented technology called the EscoPod which generates heat in a process that eliminates fossil fuel.
The CEO of ActionZero is Denis Collins, a former global executive with IBM and previous chairman of IDA Ireland Regional Development.
ActionZero presently has staff based in Cork and Kerry, with sales staff deployed throughout the island of Ireland.
The company is at an advanced stage of talks with a number of companies looking to deploy the new technology, which will enable their facilities to become fossil fuel free, generating their heat requirements emissions-free using green renewable electricity.
It recently agreed a €15m deal with Irish food company Kepak Group for its Athleague, Co Roscommon facility, with plans to roll out the technology across the Kepak group.
Denis Collins said the company was delighted to be growing at such a quick pace.
"ActionZero solutions are enabling organisations to decarbonise heat, reduce carbon emissions drastically, and quite often pay for themselves. We have doubled the size of the organisation in the past 60 days, and plan to scale to 100 employees within three years," Mr Collins said.
"We have already closed a number of deals with multiple organisations across various sectors and are also in advanced negotiations with others," he added.
The EU aims to be climate-neutral by 2050 – an economy with net-zero greenhouse gas emissions. The Irish Government wants Ireland to cut its emissions by 51% by 2030.
