NRG and Ice Energy Partner for Southern California Utility Storage Projects
July 07 2015 - 6:00AM
Business Wire
1,800 Ice Bears to reduce power consumption
during peak periods
NRG Energy, Inc. (NYSE:NRG), a leader in customer-driven cleaner
and smarter energy choices, and Ice Energy, the leading provider of
distributed thermal energy storage for utilities, have partnered to
help reduce California’s peak energy demand through an innovative
energy storage solution.
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NRG and Ice Energy will meet the recently awarded 20 year
long-term contracts to provide 25.6 megawatts of behind-the-meter
energy storage using Ice Energy’s proprietary Ice Bear technology
for Southern California Edison (SCE). NRG and Ice Energy will
deliver the peak energy reductions associated with these contracts.
Financial terms of the agreement were not disclosed.
“As one of California’s largest providers of renewable and
traditional energy generation as well as electric vehicle fast
charging solutions, energy storage is a natural next step for NRG
to help meet the state’s energy needs,” said John Chillemi,
President of NRG Energy’s West Region. “We look forward to
combining our experience in delivering customer-driven clean energy
solutions with Ice Energy and their innovative technology to
provide clean and reliable distributed energy storage products to
this bellwether state.”
Subject to final approval from the California Public Utilities
Commission, approximately 1,800 Ice Bear units will be installed in
Orange County beginning in early 2016. Attaching to one or more
standard 5-20 ton rooftop commercial AC units, the Ice Bear
provides a unique solution to the problem of peak load management,
a key part of creating power grids which are more efficient,
reliable, and effectively integrate renewables. The Ice Bears
freeze ice at night when demand for power is low and capacity is
abundant, and then use stored ice during the day to provide cooling
instead of power-intensive AC compressors. Each Ice Bear can reduce
harmful CO2 emissions by up to four tons per year.
“Aligning with NRG makes perfect sense as both companies share a
common goal of helping California utilities and their customers, as
well as businesses build a sustainable future with clean,
affordable and reliable energy,” said Mike Hopkins, CEO of Ice
Energy. “Energy storage, particularly the distributed and efficient
storage capacity provided by our Ice Bears, reduces reliance on
fossil fuels and helps better integrate renewable energy sources
into a smarter electric grid.”
Including the 178 MW of demand response and energy efficiency
products awarded to NRG in SCE’s recent RFO, this arrangement will
bring NRG’s total commitment to California’s growing Preferred
Resources market to over 200 MW.
Almost 1,000 Ice Bear units are already installed in more than
40 different utility service territories nationwide, surpassing 27
million hours of reliable operation.
About NRG
NRG is leading a customer-driven change in the U.S. energy
industry by delivering cleaner and smarter energy choices, while
building on the strength of the nation’s largest and most diverse
competitive power portfolio. A Fortune 200 company, we create value
through reliable and efficient conventional generation while
driving innovation in solar and renewable power, electric vehicle
ecosystems, carbon capture technology and customer-centric energy
solutions. Our retail electricity providers serve almost 3 million
residential and commercial customers throughout the country. More
information is available at nrg.com. Connect with NRG Energy on
Facebook and follow us on Twitter @nrgenergy.
About Ice Energy
Ice Energy delivers cost-effective, reliable and highly
efficient distributed energy storage and smart grid solutions to
utilities using direct-expansion AC technology. The company’s smart
grid platform integrates distributed energy storage technology with
an advanced software infrastructure and intelligent two-way control
to provide utilities with a fully dispatchable grid asset that can
be rapidly deployed at any scale. To learn more about Ice Energy,
please visit www.ice-energy.com.
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NRG EnergyMedia:David Knox, 832-357-5732orInvestors:Matthew
Orendorff, 609-524-4526orIce EnergyMedia:Tracy Williams,
310-824-9000
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