Businessmen shaking hands

Origin Energy has acquired a 20 per cent interest in Climatech Zero, a leading provider of energy management and decarbonisation projects in the industrial sector. 

Origin said the move will enhance its ability to deliver on its strategy of leading the energy transition through providing unrivalled customer solutions. 

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 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 to achieve more than $4 million in savings and material reductions in energy use and carbon emissions. 

Origin Zero Executive General Manager, 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. 

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

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