Ice Energy
| Company type | Private |
|---|---|
| Industry | Energy storage |
| Founded | 2003 |
| Defunct | 2019 |
| Fate | Filed for Chapter 7 bankruptcy |
| Headquarters | Santa Barbara, California , United States |
Area served | California, United States |
| Products | Ice Bear, Ice Cub (thermal energy storage systems) |
Ice Energy was a thermal energy storage enterprise located in the United States, primarily serving utility customers within California.
Products
The company's offerings functioned on the consumer side of the electrical meter. The Ice Bear system was aimed at small to medium commercial properties, utilizing overnight ice production during off-peak electricity hours to provide cooling throughout the day. For residential use, the Ice Cub was developed to facilitate energy load shifting in single-family residences.
History
Established in 2003, Ice Energy underwent asset reorganization under Ice Energy Holdings in 2012. The firm launched the Ice Cub residential cooling product in August 2014. Subsequently, it secured sixteen agreements amounting to 25.6 megawatts with Southern California Edison later that same year, demonstrating notable progress in market penetration.
In December 2019, Ice Energy filed for Chapter 7 bankruptcy. Despite this, a restructured organization initiated a 25.6 MWh energy storage deployment across 100 customer locations in Southern California by 2020. As of October 2024, this program had delivered upwards of 45 GWh and was reported to have decreased customer electricity expenses by approximately 20%.
See also
External links
- Articles with short description
- Energy storage
- Energy companies of the United States
- Energy in California
- Companies based in Santa Barbara, California
- American companies established in 2003
- Energy companies established in 2003
- 2003 establishments in California
- Companies that filed for Chapter 7 bankruptcy in 2019