Posted in | News | Green Building | Energy

Ice Energy Expands Efficient Energy Storage Program

Ice Energy, the leading provider of distributed energy storage and smart grid solutions for optimizing energy system efficiency, today announced the expansion of its National Accounts program. Moving from demonstration to deployment, the program offers a select group of companies the opportunity to benefit from fully funded utility programs that will underwrite the cost and installation of Ice Energy's Ice Bear energy storage systems on buildings nationwide.

The announcement was made in conjunction with the Edison Electric Institute (EEI) National Accounts Workshop in New Orleans, where Ice Energy is a featured exhibitor and presenter.

By storing cleaner, more abundant and less expensive off-peak power at thousands of dispersed locations and making it available during times of peak demand, Ice Energy's distributed energy storage technology delivers a new sustainable energy solution equivalent to hundreds of megawatts of clean peaking power for utilities.

The company currently has more than 20 projects under consideration by utilities nationwide, which are considering its solutions to offset the need for more than 1.6 gigawatts of new power generation. This represents the potential of hundreds of thousands of Ice Bear units to be purchased by participating utilities and installed at their cost on individual buildings throughout their territories - without complicated incentive or rebate programs.

"Over the past several years, Ice Energy has perfected and proven its storage technology, software and system deployment programs, with more than 2 million hours of successful operations in the field," said Chris Hickman, Senior Vice President of Utility Solutions for Ice Energy. "Today, strong interest from utilities enables us to provide select national accounts with all the value and benefits of adding storage and smart grid solutions to their buildings, at no cost to them, through fully funded utility programs."

"This represents a unique opportunity to be among the first to benefit from nationwide deployment in key markets as utilities come aboard," Hickman continued. "That means participating national accounts who commit early to the program can enjoy all the savings, performance, and green benefits that come from fundamentally changing how - and more importantly when - a building consumes energy for air conditioning, without making any required investment. It's a win-win-win scenario."

Unlike load management cycling or other utility curtailment programs that can negatively impact customer comfort and economic productivity, Ice Energy's solutions transparently shift energy consumption from high-impact daytime hours to low-impact nighttime hours, enabling commercial buildings to slash peak electricity demand, manage energy costs and reduce their environmental footprint while requiring no operational or behavioral change.

It represents the industry's first cost-effective energy storage solution specifically developed for small to mid-sized commercial buildings, and is applicable to about 85% of the market for both new construction and existing facilities across all geographies.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.