{"id":1179,"date":"2021-08-17T09:00:01","date_gmt":"2021-08-17T08:00:01","guid":{"rendered":"https:\/\/www.recruitireland.com\/advice-centre\/?p=1179"},"modified":"2023-04-14T17:33:21","modified_gmt":"2023-04-14T16:33:21","slug":"munster-energy-firms-to-merge-creating-80-jobs","status":"publish","type":"post","link":"https:\/\/www.recruitireland.com\/advice-centre\/munster-energy-firms-to-merge-creating-80-jobs\/","title":{"rendered":"Munster energy firms to merge creating 80 jobs"},"content":{"rendered":"<p class=\"contextmenu internal_Body1st\">Two Munster energy companies have announced a merger that will lead to the creation of up to 80 new jobs.<\/p>\n<p class=\"contextmenu Body Body\">Cork consultancy firm Energy Services, and Straightline Energy Solutions, based in Killarney, are to merge to become ActionZero.<\/p>\n<div class=\"inline-paywall-IE-template\">\n<p class=\"contextmenu Body Body\">The firm has patented new technology that generates heat in a process that eliminates the need for fossil fuel. The product, called EscoPod, offers a solution for difficult-to-decarbonise high-temperature heat across a range of market sectors.<\/p>\n<p class=\"contextmenu Body Body\">The new company currently has 22 staff based in both Cork and Kerry, with sales staff deployed throughout Ireland.<\/p>\n<p class=\"contextmenu Body Body\">It is expected to add a further 80 jobs over the next three years as demand for its services increases.<\/p>\n<p class=\"contextmenu Body Body\">The CEO of the newly merged entity is Denis Collins \u2014 formerly of IBM and previous chairman of IDA Ireland Regional Development.<\/p>\n<p class=\"contextmenu Body Body\">ActionZero is also one of a suite of green-energy companies in which businessman Pearse Flynn has a major interest.<\/p>\n<p class=\"contextmenu Body Body\">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 around the globe.<\/p>\n<p class=\"contextmenu Body Body\">Straightline Energy Solutions has a strong track record of developing innovative green technologies for use in industry.<\/p>\n<p class=\"contextmenu Body Body\">\u201cIt\u2019s no secret that we\u2019re facing a climate crisis, and as the world continues to push towards a zero-emissions future, we\u2019re here to make that a reality,\u201d said CEO Denis Collins.<\/p>\n<p class=\"contextmenu Body Body\">\u201cThere\u2019s 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.<\/p>\n<p class=\"contextmenu Body Body\">\u201cThe Munster region will be the place to be, as we strive to create a cluster of energy-focused organisations in our area that will serve the world as a global energy hub. Together we can create a triple helix to collaborate with industry, government, public sector and academia, all working towards the common goal of a future free of emissions.<\/p>\n<p class=\"contextmenu Body Body\">\u201cThe road to zero starts here, and it\u2019s one I\u2019m very proud to be on.\u201d<\/p>\n<p class=\"contextmenu Body Body\">Public expenditure and reform minister Michael McGrath welcomed the merger.<\/p>\n<p class=\"contextmenu Body Body\">\u201cIreland\u2019s ambition is to more than halve carbon emissions over the course of this decade,\u201d he said.<\/p>\n<p class=\"contextmenu Body Body\">\u201cWe need all sectors working together, developing new cutting-edge technology, and ActionZero is an example of that. I\u2019m 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.\u201d<\/p>\n<p class=\"contextmenu Body Body\">Separately, one of the world\u2019s biggest makers of wind turbines cut its outlook for the year, citing commodity inflation and disruptions to supply chains.<\/p>\n<p class=\"contextmenu Body Body\">Denmark\u2019s Vestas Wind Systems now expects full-year revenue to be about 3% lower than a previous forecast. The revised outlook comes as the renewable energy developers continue to face rising costs for raw materials like copper and steel, metals that are essential for the wind-energy industry.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cork and Kerry firms to help industry and businesses to reduce their carbon footprint<\/p>\n","protected":false},"author":2,"featured_media":4040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27,31],"tags":[],"class_list":["post-1179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-careers","category-economy","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Munster energy firms to merge creating 80 jobs - RecruitIreland.com<\/title>\n<meta name=\"description\" content=\"Munster 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