Investment in South Australia pays off for ZEN

11/10/2012

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Advanced manufacturing's role in contributing to South Australia's economic future has taken a major step forward today with a world-first solar energy storage system to be built in SA.

Premier Jay Weatherill, in Melbourne at the launch of the Adelaide-assembled system for capturing solar and wind-generated energy, said ZEN Energy System's expertise helps position SA at the forefront of advanced manufacturing and renewable energy technology.

"Advanced manufacturing is a vitally important platform for South Australia's economic future," he said.

"South Australia is firmly committed to building and maintaining a strong and advanced manufacturing industry that supports jobs and encourages innovation.

"I congratulate ZEN Energy Systems on its success and thank the company for its ongoing investment in South Australia."

Mr Weatherill said the State Budget includes $8.3 million to fund a Manufacturing Strategy that will provide a blueprint for the transformation of this strategic sector.

"An internationally competitive manufacturing sector contributes to creating a vibrant and innovative environment that attracts and keeps innovators like ZEN Energy Systems," he said.

"Without this Government's support for renewable energy, companies such as ZEN Energy Systems would not be able to successfully establish themselves in our State."

Since Zen Energy Systems was established in 2004 it has been recognised as the fastest growing company in South Australia, winning the 2010 In-Business Fast Movers award. It now employs 70 people, supports seven franchisees and has a network of 250 subcontracted installers.

Manufacturing, Innovation and Trade Minister Tom Koutsantonis said companies such as ZEN Energy Systems had the foresight to recognise the potential in South Australia and are poised to capitalise on opportunities for growth.

"Not only is ZEN Energy Systems a valued contributor to the state's manufacturing expertise, it is a leader in renewable energy technology," he said.

"This Government supports and believes in renewable technology. We don't dismiss solar and wind power as harebrained schemes but actively support the investment and job opportunities that are created by this state's ambitious targets for generating power through renewables."