Axiom Exergy Granted Patent for Direct Expansion Thermal Energy Storage
Company’s Refrigeration Battery solution intelligently optimizes cooling to reduce peak energy demand
RICHMOND, Calif. — Continuing its efforts to bring energy storage to both utilities and facilities with large refrigeration and air conditioning needs, Axiom Exergy has been granted a patent for direct expansion thermal energy storage. The company said this strengthens its position to extend its “ice battery” technology to HVAC applications that use variable refrigerant flow (VRF) systems, which research shows represents about 24 percent of the global commercial air conditioning market.
The patent comes on the heels of $2.5 million in funding announced this summer from investors to help fulfill over $5 million of contracts for key demonstration projects in California and a large, multi-site rollout with Con Edison in New York. The company has also been accepted into StartX, an accelerator program affiliated with Stanford University and the Stanford-StartX fund.