October 2, 2018 - 10:07 AM EDT
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Ice Energy’s Hybrid AC and Energy Storage System – the Ice Cub – Now Available to California Homeowners and Builders

For homes with solar PV, innovative Ice Cub costs less than a conventional AC unit and can save homeowners as much as $1,500/year

COSTA MESA, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Ice Energy, the leading provider of distributed thermal energy storage solutions, today announced that its Ice Cub, an energy-saving hybrid air conditioning and energy storage system, is now available for purchase by California homeowners and homebuilders. The Ice Cub qualifies for the state’s Self-Generation Incentive Program (SGIP) rebate and, for homes with solar PV, the Federal Investment Tax Credit. These two financial benefits effectively reduce the cost of purchase and installation to below that of a conventional air conditioning system.

The Ice Cub is a solar PV-compatible home air conditioning and thermal energy storage system that replaces a conventional 5-ton outdoor condensing unit and works seamlessly with a home’s interior HVAC system. It functions like a typical outdoor condensing unit, cooling the air going into a home to achieve the desired temperature. However, the Ice Cub also has a water tank and heat exchanger, which are used to make and store cooling in the form of ice – enabling it to cool a home for up to 4 hours/day. For homes with solar PV, a full tank of ice can be made and stored during the day, using what would otherwise be surplus solar generation.

“Conventional AC units in California have become increasingly expensive to operate as the state’s new time-of-use rates take effect,” said Joseph Draper, Executive Chairman of Ice Energy. “The Ice Cub, by contrast, reduces consumption of expensive electricity and can save homeowners as much as $1,500 a year on their utility bill. The smart, energy-efficient Ice Cub is a true consumer product with real potential to render conventional home AC units obsolete. We are very excited to make it available for immediate delivery to homeowners and builders here in California.”

To learn more about the capabilities and benefits of the Ice Cub, contact Ice Energy’s sales team at [email protected]

About Ice Energy
Ice Energy is a leading energy storage provider for the grid. Its thermal energy storage products deliver behind-the-meter storage for commercial and industrial HVAC, refrigeration and process cooling systems, as well as for home AC, providing peak capacity to over 40 utility service territories nationwide. The company has installed 15 megawatts (MW) of energy storage and has contracts to install another 30 MW. The company is expanding quickly in the U.S. and internationally. For more information, visit www.ice-energy.com.

Contact:
Eugene Hunt
Trevi Communications for Ice Energy
office: 978-750-0333
email: [email protected]

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Source: GlobeNewswire (October 2, 2018 - 10:07 AM EDT)

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