Heating firm looks to US for growth

Aerial of Little Island, Cork.

By Pádraig Hoare

A Cork home and business heating firm is eyeing opportunities in the US Midwest following an expansion that will see up to 70 jobs created over two years.

NRG Awareness launched a new patented containerised heating system it says is the first of its kind, that will provide heating and domestic hot water supplies in any new building or home, as well as older buildings.

The company, which plans to create 70 new jobs, claims its system can help reduce energy bills by up to 70%.

The Little Island-based firm said it will grow from seven to 30 in Cork by the end of 2019, as well as up to 50 new heating installer jobs around the country.

It is targeting turnover of €5m by the end of 2020, and has already completed prototypes in Philadelphia, Pennsylvania.

Ther are also plans for exporting to Europe in the short-term, having already begun marketing and selling into the UK market.

The company was formed 20 years ago by plumber Harry Rea after developing a plan to making heating homes more efficient, and he was joined by his son David Rea in 2005.

The business was acquired by Sea Box EMEA in September 2016.

Managing director of the firm, Patrick Hogan said it had significant plans for growth over the coming years that would provide major investment.

NRG said it will have sold approximately 6,000 units by the end of 2019 and expected to reach 20,000 by the end of 2020.

Clients include a number of community hospitals in the Munster region, which the firm says have reduced heating bills by up to 40%.

More in this Section

IMI launch new IDA-backed leadership course for managers of FDI giants in Ireland

Profits surge at firms of Irish rugby players as pub firm prospers

Investors weigh prospects for Irish shares under probable new hard-Brexiteer British prime minister

Cork to be 'most walkable city' in transport plan


Lifestyle

Gardening: Something for everyone at Chelsea Flower Show

Relishing the Riviera: St Tropez still the jet set destination it has always been

Restaurant review: Ristorante Rinuccini - Kilkenny

The Wine List: Will 2019 see the rise of rosé in Ireland?

More From The Irish Examiner