According to a new market research report, "The Thermal Energy Storage Market, By Technology, Storage Material, Application, End-User, and Region - Global Forecast To 2022," published by MarketsandMarkets, the market is expected to grow from an estimated $3.67 billion in 2017 to $6.20 billion by 2022, registering a compound annual growth rate (CAGR) of 11 percent from 2017 to 2022.
The system uses phase change material and intelligent controls to provide cold storage savings
December 5, 2016
Viking Cold Solutions, a supplier of thermal energy storage systems, announced that a Southern California utility, along with an independent third party energy management firm, ASWB Engineering, completed a field demonstration study of the Viking Cold thermal energy storage (TES) system.
Refrigeration Battery helps control energy costs, prevent food spoilage during power outages
September 21, 2016
Owners of grocery stores and other cold storage facilities in parts of Brooklyn and Queens can now receive incentives from Con Edison’s Neighborhood Program for installing Axiom Exergy’s thermal energy storage system.
Plaza Provision Co., a leading food distributor in Puerto Rico, has purchased its fourth thermal energy storage (TES) system from Viking Cold Solutions, and where installed, the TES system has reduced energy consumption by over 30 percent.
System has the ability to condition the air and control humidity independently
September 13, 2016
The University of Nottingham is developing a solar air conditioning system that is said to have the capability to cut electricity consumption by up to 50 percent compared to conventional vapor compression (VC) systems.
Refrigeration Battery solution intelligently stores and deploys cooling to reduce peak energy demand
August 18, 2016
Axiom Exergy announced it has raised $2.5 million from investors to assist in scaling its thermal energy storage solution in the grocery store and cold storage facility markets. Using its Refrigeration Battery, Axiom said supermarkets and food distribution centers can reduce their peak energy demand by up to 40 percent.
Bill H.4568 includes provisions to increase adoption of energy storage technologies
August 15, 2016
CALMAC®, a leading supplier of energy storage systems, applauded the Massachusetts legislature on the passing of energy bill H.4568. The bill promotes renewable energy and it also includes provisions to facilitate the adoption of energy storage.
Combination of solar and energy storage provides multiple advantages
May 9, 2016
Viking Cold Solutions™ announced the launch of Solar Energy Storage™, bundling its thermal energy storage solution with rooftop solar photovoltaic (PV) systems to deliver around-the-clock, cost-effective green energy for cold storage facilities, supermarkets, and utilities.
Ice Energy’s new Idea Lab and 5 MW energy storage contract with utility are recognized
March 18, 2016
Ice Energy’s partnership with Riverside (California) Public Utilities (RPU) was honored with a Public-Private Partnership award, recognizing their commitment to job creation and economic growth. The award was given by California’s Inland Empire Economic Partnership (IEEP), the region’s largest economic development organization.