Climatech Zero and Origin Energy have entered into a strategic partnership , where Origin Energy has acquired a 20 per cent stake in Climatech Zero, providing significant growth capital and fostering opportunities for collaborative market initiatives.
Climatech Zero supports industrial clients across various sectors, including mining, manufacturing, and food production, by offering energy management, energy reduction, and decarbonisation solutions.
Since its inception in 2018, Climatech Zero has completed 29 projects, resulting in $4.5 million in cost savings, a reduction of 29,532 tonnes of CO2 emissions, and energy savings of 37,770,224 kWh.
The company operates across Australia and New Zealand and maintains strong customer retention among major industrial clients.
Peter O’Connell, Co-founder and CEO of Climatech Zero, expressed enthusiasm about the partnership: “This partnership was born out of a mutual passion for aligning with the needs and ambitions of our large industrial customers to use less energy and reduce emissions.
“We’re thrilled to partner with Origin in delivering on that ambition and we commend Origin for continuing to be ahead of the curve.
“Our expertise [in] providing transition services behind the meter combines perfectly with Origin’s forward-thinking goals to support clients through the energy transition.”
O’Connell highlighted the company’s impressive growth trajectory, stating: “Our business continues to grow year on year — we’re on target for 300 per cent revenue growth in FY2024 off a strong base.
“From an ambitious start-up in 2018 to now generating double-digit million revenue, having the support of one of Australia’s leading energy companies is significant and offers potential for further growth.”
The partnership with Origin Energy is expected to enhance the value offered to Australian industrial companies by combining Climatech Zero’s resources, technology, and skills with Origin’s forward-thinking goals.
This collaboration aims to help customers underwrite new investments, improve existing operations, and accelerate their energy transition journey.
Climatech Zero was exclusively advised by Tiger & Bear Partners on the financial, commercial, and legal aspects of the transaction. Climatech Group, which founded Climatech Zero in 2018, has played a crucial role in the company’s growth, providing funding and sourcing clients until Climatech Zero became self-sufficient.
Climatech Group is one of Australia’s largest HVAC and refrigeration businesses, committed to decarbonisation and energy management.