RICHMOND, Calif., and NEW YORK — Owners of grocery stores and other cold storage facilities in parts of Brooklyn and Queens can now receive incentives from Con Edison’s Neighborhood Program for installing Axiom Exergy’s thermal energy storage system. The Axiom Exergy Refrigeration Battery stores cooling instead of electricity to help businesses manage their energy usage, reduce demand charges on their electric bills, and prevent food spoilage. Over $5 million worth of Refrigeration Battery systems are set to be installed at supermarkets and other businesses in the Brooklyn and Queens areas covered by Con Edison’s Neighborhood Program. The 1.5-2 MW of energy storage set to be installed has the capacity to shift in aggregate of 6-8 MWh of energy. Businesses are eligible for incentives under the program and Con Edison is working with customers to reduce their energy usage while still having the lighting, heating and cooling, and appliances they need to run their businesses.
“We’re thrilled to see that Con Edison is taking an innovative approach to help address surging power demand on its grid by working with grocery store and cold storage facility owners to reduce their energy bills and enhance their razor-thin profit margins,” said Amrit Robbins, president and co-founder of Axiom Exergy. “By deploying Refrigeration Battery systems, these locations can convert power-hungry refrigeration systems into intelligent ‘batteries’ that can respond dynamically to the needs of the facility and the grid operator, taking into account energy prices, weather patterns, and grid programs like demand response.”
Using the Axiom Exergy thermal energy storage technology, businesses with large refrigeration-based energy loads can reduce their peak electricity demand by up to 40 percent, said the company. The Refrigeration Battery can shift six hours of a building’s refrigeration-based electricity loads. It uses the existing refrigeration system’s excess capacity to “store cooling” at night by freezing a tank of salt water.
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