Release: Xcel Energy’s Custom Thermal Storage Incentive Program

September 22, 2020 All News, Energy Storage, Press Releases, Utility & Grid

VIKING COLD SOLUTIONS ANNOUNCES LAUNCH OF XCEL ENERGY’S CUSTOM THERMAL STORAGE INCENTIVE PROGRAM

Utility Program Funds Up to 90% of Energy-Saving Technology Upgrades for Frozen Food Producers and Cold Storage Warehouse Operators in Colorado and Minnesota

HOUSTON, Sept. 22, 2020 (GLOBE NEWSWIRE) — Viking Cold Solutions, the leading thermal energy storage technology provider for the low-temperature cold storage and frozen food industries, announces the inclusion of its award-winning energy storage technology in Xcel Energy’s new Custom Thermal Storage Incentive Program, part of their Custom Efficiency programs in Colorado and Minnesota.

As an industry leader in delivering clean energy solutions, Xcel Energy is currently offering significant funding for energy-saving technology upgrades, such as Viking Cold’s Thermal Energy Storage (TES) systems, which safely reduce demand and add temperature resiliency and efficiency to low-temperature facilities with large energy needs.

The majority of the TES system and installation costs will be funded by Xcel Energy’s Custom Thermal Storage Incentive Program and the remainder can be paid for out of the energy savings. By working with the utility to deploy innovative technology that addresses grid challenges and reduces emissions, owners of cold storage and frozen food facilities can save up to 25% or more on their monthly energy costs.

“Xcel Energy’s support of Viking Cold technology is further confirmation that TES creates value for both the utility as well as frozen food and cold storage customers. The utilities are incentivizing customers to upgrade their facilities with the latest efficiency and sustainability technology, such as TES, to provide safe, long-duration demand reduction. This helps customers in Colorado and Minnesota achieve their financial and sustainability goals,” said Collin Coker, Viking Cold’s Vice President of Sales & Marketing.

Viking Cold works directly with Xcel Energy representatives to assist customers through the program application process to maximize incentives, install the TES technology, and optimize the facility’s operation and energy use.

To learn more about how to save money while reducing your environmental impact and to initiate the application process, go to vikingcold.com/xcel.

In addition to Xcel Energy, Viking Cold Solutions is proud to collaborate on demand management and efficiency programs in partnership with other prominent U.S. utilities shaping a clean energy future, including Eversource Energy, National Grid, Pacific Gas & Electric Co., Southern California Edison Co., San Diego Gas & Electric Co., and many more.

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About Xcel Energy

Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com.

About Viking Cold Solutions

Viking Cold Solutions is the leading long-duration thermal energy storage technology provider to the energy-intensive frozen/low-temperature cold storage and frozen food industries. Viking Cold delivers cost-effective and flexible energy management services that protect food and help reduce environmental impact. Its patented Thermal Energy Storage system with phase change material (PCM) and intelligent controls reduces cold storage energy costs up to 25 percent or more, while sustainably improving temperature stability and optimizing refrigeration operations. Viking Cold Solutions’ TES systems have been measured, verified, and incentivized by energy utilities across the U.S. and are currently in use around the world providing energy management and efficiency to utilities, grocery stores, low-temperature warehouses, and restaurants.

Viking Cold Colorado Contact:
Adam Valmoro
Regional Director
avalmoro@vikingcold.com
+1 949.375.3551 (m)

Viking Cold Minnesota Contact:
Brad North
Regional Director
bnorth@vikingcold.com
+1 302.383.0138 (m)

Press Contact:
Damon Vance
Marketing Director
dvance@vikingcold.com
+1 832.899.4771

Thunder Said Phase Change Materials Review

August 15, 2020 Blog Articles, Cold Storage, Cold Storage Construction, Energy Storage, News Articles, Solar + Storage, Utility & Grid

Thunder Said Energy, the research consultancy for energy technologies, has released a review of the benefits of thermal energy storage for refrigeration, renewable energy sources, and energy storage at large.

Phase Change Materials (PCM), such as those used by Viking Cold Solutions, are described by the report as a “game-changer” for energy storage technology, particularly with reference to their use alongside renewable energy. The report explains the economics of cold storage, the functioning of Phase Change Materials, and covers a review of 5,800 patents in the space.

Thunder Said’s Phase Change Materials review made the key observation that PCM technologies can:

  • Earn double-digit Internal Rate of Return
  • Unlock 20% efficiency gains in freezers and refrigerators
  • Provide superior efficiency over battery storage

Noting that refrigerators and freezers comprise 9% of the US electric grid, including consumption across 4,200 warehouses, 40,000 supermarkets, and 620,000 restaurants, Thunder Said is bullish on the potentials of Phase Change Materials.

The PCM report, which can be purchased from the authors here, highlights the achievements of Viking Cold Solutions’ thermal energy management technologies, the industry-leading performance that will be of particular interest to the readers. While Thunder Said expects 20% improvements in efficiency gains and commensurate cost savings, Viking Cold’s own installations have delivered efficiency improvements and cost savings of between 25% and 50%, out-performing the analysts’ expectations.

Viking Cold Solutions has developed its own PCMs and proprietary software from its headquarters in Houston, Texas, and now has the technology installed and running in locations from California to Puerto Rico and Mexico to Australia, with years of reliable operation and documented case studies to confirm the technology’s effectiveness in reducing cost, energy consumption, and carbon emissions.

For specific case studies and overviews of Viking Cold Solutions’ technology’s performance, see our Resources. And to find out how we can improve your energy efficiency and reduce your energy costs, contact us here.

Long-Duration Thermal Storage on Greentech Media

July 31, 2020 All News, Cold Storage, Energy Storage, News Articles, Solar + Storage, Utility & Grid

A recent piece on GreetechMedia.com describes how California based third-party logistics provider Dreisbach Enterprises has seen cost savings and performance improvements after installing Viking Cold’s long-duration thermal energy storage (TES) technology.

Jason Dreisbach, the owner of Dreisbach Enterprises, explains why his company selected Viking Cold’s technology from a range of available energy-efficiency and demand-response programs.

“What Viking Cold has allowed us to do is [to avoid] sub-cooling to the degree that we had, and then ride it out for much longer,” he explains in the report. “Instead of six hours, we ride 12 or 13 hours, six days a week, without turning on our more major compressors.” The result is a 22-month payback period instead of 36, with a range of additional benefits – increased employee comfort, reduced operations and maintenance costs, and improved temperature stability.

The Greentech Media piece also discusses the success of TES technology in the San Diego Food Bank. Since installing Viking Cold’s thermal energy storage system, the food bank has been able to shut down compressors overnight and leverage its onsite solar array to power more of the refrigeration during the day while reducing its morning peak to generate energy savings of nearly 40%.

The business landscape for long-duration thermal energy storage is shifting, the story reports. Dozens of utilities now offer incentives to support the installation of TES technologies, the TES market is growing, and Viking Cold’s sales teams see increasing numbers of inbound inquiries.

As James Bell, President and CEO of Viking Cold Solutions, is quoted as saying,  “Down the road, I see this looking like insulation did 100 years ago. Now you wouldn’t even consider a building without insulation. Going forward, why would anyone build a temperature-controlled facility without the efficiency and resiliency of TES?”

To read the full story, click here. Or contact us today to learn how our long-duration storage solution will save you energy and money.

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.

Viking Cold wins in the Innovative Technology category at EI Awards 2019

November 8, 2019 All News, Awards, Energy Storage, News Articles, Utility & Grid

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.

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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