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.

Read More →

The logistics industry is facing a record shortage of labor to fill warehouse and trucking roles. Are there ways to fund talent acquisition and still maintain profits?  Can other hidden savings in operations be unearthed to help find and retain this talent?  Read a recent Supply Chain Dive article explaining how TES technology is helping some logistics providers find new funding sources inside their operations.

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.

Viking Cold is delighted to have been recognised as a winner at the 2019 EI Awards, which showcase excellence across the energy sector.

The Viking Cold Thermal Energy Storage (TES) system won in the Innovative Technology category at the prestigious event, which is organised by the Energy Institute.

Viking Cold was presented with the award at a gala dinner held at the Sheraton Grand Park Lane Hotel in London’s Mayfair on November 7, hosted by Dr Anne-Marie Imafidon MBE, co-founder of Stemettes.

The award acknowledged how TES is helping companies across the world introduce efficiencies and reduce costs in energy-intensive cold chain environments.

Winners are decided by an independent panel of senior energy experts, led by chairman of the judges Stephen Burgin FEI, director of Offshore Wind Growth Partnership.

The panel said of Viking Cold: “Incentivized by energy utilities across the U.S and in use around the world, the company delivers cost-effective and flexible thermal energy management solutions which preserve food, save energy and help reduce environmental impact.”

For two decades, the EI Awards have celebrated “the most outstanding people, products and initiatives from across the global energy sector”. In particular, it recognises those making the industry safer, cleaner and more sustainable, and champions new initiatives that can impact positively on society.

To learn more about what Viking Cold’s award-winning Thermal Energy Storage technology can do for your business, please get in touch.

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.

The annual Energy Storage North America Innovation Awards recognize excellence and impact in energy storage project development. Our Eversource Demand Management Project that installed 1.3 MW of behind-the-meter storage was a finalist in the Behind-the-Meter category in 2019.

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.

ASHRAE Journal, the official publication of the American Society of Heating, Refrigerating and Air-Conditioning Engineers, has published an article outlining the resiliency benefits of thermal energy storage (TES) in commercial and industrial refrigeration applications. Temperature controlled food storage facilities have a number of risks that come from the increasing number of extreme weather-related power outages or from refrigeration system breakdowns. The ASHRAE article also describes additional benefits such as energy efficiency, improved temperature stability, and increased energy management options for facilities with TES.

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.

On the MarketScale Energy podcast, President & CEO James Bell explores risk reduction in the cold chain. Dealing with frozen food has a lot of inherent risks: which include the enormous and continuous energy required to safely store frozen food, the variable and continually increasing energy prices, potential loss of power due to increasingly more common natural disasters, refrigeration system mechanical failures, and ultimately liability for lost or damaged product. Thermal Energy Storage (TES) can address each of these issues to add resiliency and efficiency, as well as reduce risks in the storage of frozen food applications.

Read More →