Origin acquires 20% interest in Climatech Zero

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Climatech Zero is a specialist provider of energy management and decarbonisation solutions to sectors including mining, manufacturing and food production across Australia and New Zealand.

The business was established in 2018 and has continued to grow rapidly due to its expertise in large industrial energy efficiency projects, backed by guaranteed savings, and with its innovative ‘energy as a service’ offering. Climatech Zero has delivered 29 projects to date for its customers, helping them achieve more than $4 million in savings, and material reductions in energy use and carbon emissions.

Climatech Zero’s offering leverages technology and skilled engineers to design and deliver projects with guaranteed outcomes for customers.

Executive General Manager of Origin Zero, James Magill said, “Origin’s investment in Climatech Zero reflects our belief in their offering and provides us with exposure to a fast-growing segment.

“Through this agreement, Origin and Climatech Zero will also be able to pursue opportunities to partner on the delivery of end-to-end energy and decarbonisation strategies for large industrial customers. Climatech Zero’s tailored engineering solutions for industrial customers complement Origin’s strengths in front of the meter and behind the meter, solar and demand-side management solutions,” Magill said.

“Ultimately, we believe these arrangements will help accelerate our ability to reduce customers’ carbon emissions at the same time as reducing their energy costs.”