Ice Storage Helps Cut Morgan Stanley's Electric Bills
PURCHASE, N.Y. - Morgan Stanley, one of the world's largest diversified financial services companies, was recognized by New York state and county officials at its Purchase facility for installing the New York metropolitan area's largest ice storage-based air conditioning system.
Peter R. Smith, president and CEO of the New York State Energy Research and Development Authority (NYSERDA), said, "NYSERDA offers financial and technical assistance initiatives to help with identifying and installing projects which address the energy efficiency needs of our partners in a way that improves the environment and lessens our dependence on foreign oil. Morgan Stanley took the initiative to form a partnership with NYSERDA, Trane, and CALMAC; an innovative solution to tackle the company's energy needs through the use of an ice storage system was developed."