Release: Viking Cold Solutions Closes Out 2019 With Record Revenues, Project Deployments, and New Sales Opportunities

January 28, 2020 All News, Blog Articles, Cold Storage, Energy Storage, Press Releases, Utility & Grid

COMPANY BUILDS MOMENTUM AS IT POSITIONS FOR ACCELERATED GROWTH IN 2020

HOUSTON (GLOBE NEWS WIRE) – Viking Cold Solutions, the leading thermal energy storage provider for low-temperature cold storage industries, announced a record-setting year for the company in 2019, highlighted by several notable accomplishments that set the stage for continued strong growth in 2020.

Viking Cold’s 2019 revenue was more than six times greater than 2018 revenue, reflecting over 19,000 kWh of energy storage capacity deployed across 14 projects, saving energy and protecting food while also offsetting 13.4 metric tons of carbon emissions each year. The company’s market growth continues to increase as its total sales pipeline grew to more than $40 million during the year.

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Power Magazine Interviews James Bell After Cleanie Award Win

November 21, 2019 Blog Articles, Cold Storage, Energy Storage, Food Processing, News Articles, Utility & Grid

Power Magazine‘s Darrell Proctor interviewed CEO James Bell after Viking Cold was awarded the Cleanie Platinum Project of the Year Award. James discusses the award-winning project with Massachusetts utility Eversource as well as other benefits beyond storing energy for time-of-use avoidance. He covers how long-duration Thermal Energy Storage also provides reduced mechanical run-time and wear and tear, sustainability improvements, and resiliency for food during extreme weather events or other power outages.

Energy Institute Awards 2019 Technology Innovation to Viking Cold

November 8, 2019 Blog Articles, Energy Storage, News Articles, Utility & Grid

Each year in London the Energy Institute selects eight recipients who are delivering excellence to the global energy industry. Viking Cold received the Energy Institute 2019 Technology Innovation award for our Thermal Energy Storage technology’s contributions to the stability of the electrical grid and improved refrigeration sustainability. The Technology Innovation award recognises game changers/disrupters in the industry. Criteria included being an innovation that represents a major advance, commercially viable for wider market adoption, an inventive new technology or implementation, clear benefits over existing methods, and validated with proven results.

FoodDive.com – New tools transform frozen food energy costs into revenue streams

October 23, 2019 Blog Articles, Cold Storage, Cold Storage Construction, Energy Storage, Food Processing, News Articles, Supermarket

Energy is one of the most expensive ingredients in frozen foods. What changes in the electricity market are changing to favor the industry and why? What technologies can enable new energy strategies to take advantage of these changes to avoid costs and actually generate revenue streams? Find out these answers and more in FoodDive’s article that discusses why utilities are incentivizing energy efficiency and energy storage technologies for the frozen food industry.

Viking Cold Named Platinum Winner of Cleanie Award’s Project of the Year

September 24, 2019 All News, Case Studies, Cold Storage, Energy Storage, Food Processing, News Articles, Utility & Grid

Viking Cold is honored to be the Platinum Winner of The Cleanie Awards Project of the Year for our storage and demand management project with Massachusetts utility Eversource. The awards program recognizes innovation excellence, business leadership, and superior programs within the cleantech and renewable energy sectors. The project involved the installation and commissioning of TES systems to store refrigeration energy and facilitate 1.3 MW of energy demand reduction across eight customer facilities, without requiring any additional real estate for the system components. The average size of the cold storage facilities in the program is approximately 50,000 square feet, with the largest being 157,000 square feet. The end-user customers of the program included Sysco (the world’s largest foodservice distributor), Americold (the world’s largest third-party cold storage company), Greater Boston Food Bank, and multiple frozen food processing companies.

 

Webinar: PLMA Thermal Energy Storage as a Grid Asset

September 12, 2019 All News, Energy Storage, Utility & Grid, Webinars & Podcasts

Viking Cold was awarded the Peak Load Management Alliance’s (PLMA) Technology Pioneer Award for utilizing our long-duration Thermal Energy Storage technology as a grid asset. The PLMA invited our VP of Sales & Marketing, Collin Coker, to discuss our TES technology and how we are implementing systems across the country and around the world bringing flexible energy storage plus efficiency benefits to our customers and utilities alike.  You can watch the PLMA webinar here.

Podcast: Smart Grid Today Discussed Long-Duration Energy Storage

September 5, 2019 All News, Energy Storage, Utility & Grid, Webinars & Podcasts

Smart Grid Today PodcastSam Spencer of Smart Grid Today interviews Viking Cold Solutions’ CEO James Bell to discuss our Thermal Energy Storage technology and how this long-duration storage medium can improve grid resiliency by storing and discharging for up to 13 hours, adding efficiency to commercial and industrial refrigeration systems, and providing thermal resiliency for our customers in temperature-controlled environments during mechanical breakdowns or power outages due to natural disasters or grid outages.

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UtilityDive.com – Long-duration energy storage: The future of grid stability

August 19, 2019 All News, Energy Storage, News Articles, Utility & Grid

longduration energystorageOur growing need for more power, shifting patterns of demand, and the rapid expansion of variable renewable generation is presenting challenges to the grid. Energy storage is certainly part of the solution, but is the market or regulation driving the development of storage? How is long duration storage being advanced to better address these needs?  Are there long duration energy storage solutions today that are economical to broadly deploy? Get some answers in this Utility Dive article that discusses the drivers and economics of long duration energy storage.

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