Revenues at Meath-headquartered power management services firm Hanley Energy reached €138m last year, as it announced 340 new jobs in the US, on top of 130 new positions here, with more expected to follow over the next 12 months.
Co-founder Clive Gilmore, who established the company with Dennis Nordon in 2009, said that they have grown it from a staff of six to 450 employees today.
The workforce at the maker of critical power and energy management products is expected to reach 1,000 by next June, he said.
Meanwhile, revenues will reach €150m this year, and its current projections forecast turnover of €300m within the next two years, he added.
“We work with the world’s largest data centre operators. The US data centre ecosystem has been a big driver of the growth of our business because of its sheer scale,” Gilmore said.
The firm never names its clients, but Amazon, Google and Microsoft are the world’s three biggest data centre operators, according to the Financial Times, with Apple close behind.
“On the US west coast, for example, we’ve been focused on ensuring our customers can maximise their efficiency and uptime while using renewable energy sources there.
“Among a number of other big markets we are currently working in are Dubai, Bahrain, South Africa, and Sweden.”
The jobs in Virginia will be created in a new 18,580sqm factory Hanley Energy is opening there, involving an investment of $8m (€7.65m).
“We’ve been in the US for about nine years now, and it makes sense to have some of our manufacturing here,” Gilmore said.
“It’s closer to the customer, and organically mitigates current supply chain issues and freight costs.
“We still manufacture in Ireland, and are about to double our footprint there, adding another 9,290sqm of space.
“We’ve had a lot of approaches to sell the company, but we absolutely are not interested in entertaining any of them. We prefer to grow as we are, largely organically, and if anything, perhaps sometimes acquire other businesses ourselves.”
In late 2019, Hanley Energy bought Co Louth manufacturer Flexitech, a maker of custom-designed control panels and switchgear that had been part of its supply chain.
It helped the firm reduce its time to market, providing critical niche R&D, testing and certification facilities, which are vital for complying with different standards in all of its markets.