A California startup that cools with ice raises $40 million

“Ice Energy, based in Costa Mesa, California, makes refrigerator-sized systems that freeze water at night when electricity prices are low and uses it to provide cooling during the day when rates are higher. They’re installed on the roofs of commercial buildings and connected to air conditioning systems. When switched on, they cut down on buildings’ electricity demand and free up supplies for utilities to use.”

Click here to read more from Bloomberg.

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