Origin acquires 20% stake in Climatech Zero

Two smiling male executives with blue backdrop behind them
James Magill, Executive General Manager, Origin Zero with Climatech Zero chair Peter O'Connell

Origin Energy has acquired a 20% stake in industrial decarbonisation firm Climatech Zero, providing material growth capital and opportunities for collaborative go-to-market initiatives that will support the company as it scales.

Related article: Regulator takes Origin to court over life support obligations

Climatech Zero supports industrial companies across sectors including mining, manufacturing and food production, designing and delivering projects that guarantee the reduction of energy use, carbon emissions and energy costs for large industrial customers.

Climatech Zero CEO and co-founder Peter O’Connell said, “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 providing transition services behind the meter combines perfectly with Origin’s forward-thinking goals to support clients through the energy transition.

“Working together with Origin, we can offer more value to Australian industrial companies. Our resources, technology and skills can help customers underwrite new investments, improve existing operations and ultimately accelerate the energy transition journey.”

Climatech Group and Peter O’Connell founded Climatech Zero in 2018. Climatech majority funded the growth of the company and played a major role in sourcing clients and adding engineering and project management skills until Climatech Zero became self-sufficient.

Related article: Transgrid names former Origin boss Grant King as chair

Climatech is one of Australia’s largest HVAC and refrigeration businesses serving large commercial buildings, data centres and industrial projects in four states and New Zealand.

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