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.

Source Refrigeration & HVAC announced that Andrew Mandell has been named chief operating officer. Source is a leading independent provider of commercial refrigeration and HVAC services in North America, serving supermarket chains, convenience store chains, and telecom companies.

Heating, Air-conditioning & Refrigeration Distributors International (HARDI), the trade group representing nearly all refrigerant distributors and wholesalers in the refrigeration market, announced it has joined the North American Sustainable Refrigeration Council (NASRC).

The global commercial refrigeration equipment market is forecast to reach $41.5 billion by 2022, with increasing demand for frozen foods and changing food consumption habits, according to a new market report published by Credence Research Inc.

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.