Irish climate-tech firm secures €2m investment with global tech giant
Gerry McDonagh, chairman of Platmech.
Platmech recently announced a €2 million capital injection and an exclusive national partnership with TCL, the global technology leader and Worldwide Olympic partner. The move positions Platmech as one of Ireland’s most ambitious growth companies in the climate-tech sector.
The partnership will see TCL’s award-winning Tri-Thermal R290 heat pump range — recognised with the 2025 Red Dot and iF Design Awards — launched in Ireland for the first time. Built around the natural refrigerant R290, these systems deliver efficiency, lower running costs, and future-proof compliance with forthcoming EU regulation, helping Irish developers and businesses avoid stranded assets and costly retrofits.
Backed by the new investment, Platmech has strengthened its leadership team with industry veteran Gerry McDonagh as chairman, investor-director Kevin Stanley, commercial director Eoin O’Donoghue, and founder Donal Somers. Collectively, they bring decades of experience across HVAC, construction, and strategic scaling. Founded in 2014, Platmech is an Irish-owned provider of climate and mechanical solutions delivering heating, cooling, and renewable systems across residential, commercial, and industrial projects.
“This is a milestone moment for Platmech and for Ireland,” said Gerry McDonagh, chair of Platmech. “With the support of TCL’s global scale and our local expertise, we’re delivering climate-aligned technology that is both commercially competitive and future-ready.”
Unlike many heat pump brands that rely on third-party suppliers, TCL manufactures almost all critical components in-house, from inverter PCBs to control software. This vertical integration ensures tighter quality control, resilient supply chains, and faster innovation — benefits that are now directly available to Irish developers, consultants, and building owners.
“We’re excited about this partnership,” said Arya Hu, Deputy Director of TCL Heat Pump Europe. “TCL brings world-class engineering and the strength of a global Olympic partner brand. Platmech adds the local expertise and market insight to deliver these solutions at scale across Ireland.”
TCL is a global technology powerhouse operating in more than 160 countries, with revenues of $43 billion and 135,000 employees worldwide. A Worldwide Olympic Partner, TCL is recognised for engineering excellence, vertical integration, and sustainable innovation across HVAC, electronics, and consumer technology. With Ireland’s climate targets, energy cost pressures, and EU refrigerant phase-out driving demand for sustainable heating, Platmech is positioned as a capital-backed, growth-focused provider helping clients reduce compliance risk, improve EPC ratings, and strengthen margins.
“This partnership reflects our commitment to combining world-class innovation with trusted Irish delivery,” added Donal Somers, Managing Director of Platmech. “We’re giving developers and businesses confidence that the systems they choose today will remain efficient, reliable, and compliant well into the future.”
