Thermal Energy Storage-as-a-Service is a pay out of savings financial solution that permits clients to execute TES projects without any initial capital expenditure. Viking Cold handles all TES aspects of project development, construction, and ongoing maintenance expenses. Upon the completion of the TES upgrades, the client commits to long-term service payments. These payments are calculated based on the real-world performance of the equipment, such as actual energy savings, leading to immediate reductions in operational costs. These agreements typically take the form of thermal energy services agreements, with durations ranging from five to fifteen years in most instances.
Saves energy and reduces greenhouse gas emissions using environmentally friendly Thermal Energy Storage plus cloud-based algorithms through a cash flow positive service.
Improves the operation of refrigeration equipment for efficiency and demand management (kWh and kW) with additional revenue generating capability through programs such as demand response, permanent load shift, BIP, peak shaving, and SGIP.
Efficiently lowers operators’ second highest direct operating cost – refrigeration. Better maintains temperatures and food quality with TES instead of flywheeling on the product. Also provides resiliency during power loss or equipment failure.
Utilizes facility data to identify potential issues and improves refrigeration operations using TES, all while capitalizing on opportunities to save energy and extend equipment life.