Ice Energy, Carrier Partner on HVAC-Energy Storage Solution for Commercial Customers

Ice Energy, a leading provider of smart grid-enabled, distributed energy storage solutions to the electric utility industry, today announced a strategic partnership with Carrier Corp., the world’s leader in high technology heating, air-conditioning and refrigeration solutions, to develop and deliver an integrated hybrid cooling and energy storage solution for commercial customers. This unique hybrid cooling solution, which pairs Carrier commercial packaged HVAC systems with Ice Energy’s distributed thermal energy storage technology on small to mid-sized commercial buildings, enables a powerful change in how – and more importantly when – energy is consumed for air conditioning, significantly reducing a building’s daytime energy demand. Under terms of the agreement, select Carrier WeatherMaker ® and WeatherMaster ® rooftop models, ranging from 4-20 tons, will be shipped “Ice-Ready” from the Carrier factory for seamless integration and optimal performance with Ice Energy’s Ice Bear energy storage systems. In addition, Carrier Corp. will work as a preferred provider with Ice Energy to offer new, high-efficiency air conditioning units to Ice Energy customers seeking to replace or upgrade their existing systems in conjunction with an energy storage installation. The Ice Bear system stores energy at night by freezing water in an insulated storage tank. During the day it works seamlessly with the Ice-Ready™ Carrier air conditioning units to dispatch the stored energy by circulating chilled refrigerant from the tank to the Carrier units, dramatically reducing the amount of electricity required on peak. During off-peak hours, the Carrier system operates as usual. Daytime energy demand from air conditioning – typically 40-50% of an average commercial building’s electricity use during peak hours – can be reduced by as much as 95%. When aggregated and deployed at scale, Ice Energy’s Ice Bear energy storage system represents a sustainable new energy solution equivalent to thousands of megawatts of clean peak power for utilities, enabling them to deliver reliable, affordable electric service to their customers. Last year, the Southern California Public Power Authority announced plans to undertake a 53-megawatt (MW) energy storage project utilizing Ice Energy technology. The project represents the potential to deploy integrated Ice Bear and Carrier systems at thousands of locations throughout southern California. More

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Ice Energy, Carrier Partner on HVAC-Energy Storage Solution for Commercial Customers

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