Ice Energy takes a big funding round to shut off your air conditioning
Air conditioning is one of the nation’s top energy hogs, particularly in the warmer regions. When a heat wave is approaching, energy utilities know to kick their extra generation capacity into gear, and prepare for potential blackouts. But Ice Energy thinks it can make a big difference by storing power overnight, to run air conditioning units during the day.
The concept is simple: Electricity is plentiful and cheap at night, when demand is low, so the… Continue Reading