POWER magazine, a leading source of information for the power generation industry, has published an article highlighting the benefits of Viking Cold’s Thermal Energy Storage (TES) technology in managing power demand for utilities and cold storage customers.

The article, authored by Collin Coker, Vice President of Sales and Marketing at Viking Cold, gave an overview of the changing energy landscape, where factors such as the increase in Distributed Energy Resources (DERs) and the variability of renewable generation sources are having a bearing on power providers’ ability to manage demand when and where it is needed.

Coker points out that time of use, capacity, transmission, and distribution all impact the total cost of electricity for the end-user. This presents an acute issue for food businesses with commercial and industrial (C&I) refrigerated facilities, where a continuous energy supply is needed to control temperature fluctuations and avoid any damage being caused to the products being stored.

Underlining this point, he cites data showing that C&I refrigeration sites have the highest demand per square foot of any industrial load, with energy often accounting for up to 70% of their total electric bill.

Coker explains how Viking Cold’s TES technology has been designed specifically for such applications, using proprietary Phase Change Material that remains near a constant temperature while storing large amounts of energy that can be released over long periods, covering higher cost periods of peak demand.

Among the Viking Cold clients the article highlighted as managing demand through the use of TES was Dreisbach Enterprises in Richmond, California, which has reduced demand between 300 kW to 500 kW for 13 hours per day, six days a week while also improving temperature stability by 50% and avoiding the technique of ‘flywheeling’ on the food. Overall, Dreisbach Enterprises was able to achieve a cut in freezer energy consumption of 35%.

To read the full article, and for more news and insight into energy operations and maintenance, visit the POWER magazine website.

For more information on how Thermal Energy Storage can bring greater control and cost-savings to your cold storage facility, get in touch with Viking Cold today.

VIKING COLD SOLUTIONS ANNOUNCES LAUNCH OF XCEL ENERGY’S CUSTOM THERMAL STORAGE INCENTIVE PROGRAM

Utility Program Funds Up to 90% of Energy-Saving Technology Upgrades for Frozen Food Producers and Cold Storage Warehouse Operators in Colorado and Minnesota

HOUSTON, Sept. 22, 2020 (GLOBE NEWSWIRE) — Viking Cold Solutions, the leading thermal energy storage technology provider for the low-temperature cold storage and frozen food industries, announces the inclusion of its award-winning energy storage technology in Xcel Energy’s new Custom Thermal Storage Incentive Program, part of their Custom Efficiency programs in Colorado and Minnesota.

As an industry leader in delivering clean energy solutions, Xcel Energy is currently offering significant funding for energy-saving technology upgrades, such as Viking Cold’s Thermal Energy Storage (TES) systems, which safely reduce demand and add temperature resiliency and efficiency to low-temperature facilities with large energy needs.

The majority of the TES system and installation costs will be funded by Xcel Energy’s Custom Thermal Storage Incentive Program and the remainder can be paid for out of the energy savings. By working with the utility to deploy innovative technology that addresses grid challenges and reduces emissions, owners of cold storage and frozen food facilities can save up to 25% or more on their monthly energy costs.

“Xcel Energy’s support of Viking Cold technology is further confirmation that TES creates value for both the utility as well as frozen food and cold storage customers. The utilities are incentivizing customers to upgrade their facilities with the latest efficiency and sustainability technology, such as TES, to provide safe, long-duration demand reduction. This helps customers in Colorado and Minnesota achieve their financial and sustainability goals,” said Collin Coker, Viking Cold’s Vice President of Sales & Marketing.

Viking Cold works directly with Xcel Energy representatives to assist customers through the program application process to maximize incentives, install the TES technology, and optimize the facility’s operation and energy use.

To learn more about how to save money while reducing your environmental impact and to initiate the application process, go to vikingcold.com/xcel.

In addition to Xcel Energy, Viking Cold Solutions is proud to collaborate on demand management and efficiency programs in partnership with other prominent U.S. utilities shaping a clean energy future, including Eversource Energy, National Grid, Pacific Gas & Electric Co., Southern California Edison Co., San Diego Gas & Electric Co., and many more.

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About Xcel Energy

Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com.

About Viking Cold Solutions

Viking Cold Solutions is the leading long-duration thermal energy storage technology provider to the energy-intensive frozen/low-temperature cold storage and frozen food industries. Viking Cold delivers cost-effective and flexible energy management services that protect food and help reduce environmental impact. Its patented Thermal Energy Storage system with phase change material (PCM) and intelligent controls reduces cold storage energy costs up to 25 percent or more, while sustainably improving temperature stability and optimizing refrigeration operations. Viking Cold Solutions’ TES systems have been measured, verified, and incentivized by energy utilities across the U.S. and are currently in use around the world providing energy management and efficiency to utilities, grocery stores, low-temperature warehouses, and restaurants.

Viking Cold Colorado Contact:
Adam Valmoro
Regional Director
avalmoro@vikingcold.com
+1 949.375.3551 (m)

Viking Cold Minnesota Contact:
Brad North
Regional Director
bnorth@vikingcold.com
+1 302.383.0138 (m)

Press Contact:
Damon Vance
Marketing Director
dvance@vikingcold.com
+1 832.899.4771

Cold storage firm, Isla Frio Refrigeration Corp., recently acquired a former PepsiCo bottling and distribution plant in Cidra, Puerto Rico. The 147,000 square-foot building on eight acres is being fully renovated to become a state-of-the-art frozen and refrigerated food warehouse, beginning with 50,000 square feet of frozen storage. The end goal of the $10 million project is to supply hurricane-resistant cold and dry storage space for the island while also providing thermal resilience with our Thermal Energy Storage (TES) technology for temperature-controlled goods in the event of a power outage.

Over the years, Puerto Rico has been hit exceptionally hard by natural disasters and other crises, and with an unreliable power grid, these events inflict significant impacts on supply chain efficiency and functionality. During Hurricane Maria in 2017 and the lengthy power loss that followed, our clients’ facilities on the island did not lose any food product, thanks to the TES systems they have installed.

The recent coronavirus pandemic has also amplified the growing need for more cold storage capacity and the island-wide shortage of warehouse space.

The recent acquisition of the PepsiCo plant provides an opportunity to build a highly efficient, energy-secure cold storage facility to support the recovering supply chain and electrical grid on the island.

The energy resources of this construction project are in alignment with the guiding principles of Puerto Rico’s overall grid modernization plan. Led by the Puerto Rico Electric Power Authority (PREPA), the $20 billion plan will reconstruct the island’s grid, ultimately dividing it into eight self-sufficient mini-grids and providing residents with a safer, greener, and more resilient energy supply. In addition, the island has committed to generating 40% of its power from renewables by 2025 and 100% by 2050. These ambitious clean energy goals will drive the widespread adoption of renewable energy generation, which is complemented through the use of sustainable energy storage technologies like our TES systems.

“Puerto Rico has always been very important to Viking Cold Solutions. Our first warehouse installation was on this beautiful island, and it’s appropriate that our first new cold storage construction project be right here in Cidre, PR,” said Paul Robbins, Founder of Viking Cold Solutions.

The Isla Frio project, which began construction in June 2020, will be Viking Cold’s first system installation to be part of a facility’s original design and construction plan; previous installations have been facility retrofit projects. Phase One will be to install our technology and get the cold storage facility up and running by December. Phase Two will build out the rest of the site and may eventually include an onsite solar power resource to assist in powering the facility.

Once the plant is operational with TES technology, carbon emissions and energy use will be minimized, enhanced energy resilience and flexibility will be in place, and the facility will benefit from lower electricity costs – a significant value on an island with among the highest electricity costs in the U.S. The building itself is connected to a large diesel generator to provide backup power and is built at a high elevation, better protecting it from floods. During extended grid interruptions or power outages, the generator and its fuel can be conserved because the TES technology provides built-in temperature resilience to protect food up to several days without power.

We are proud to again be working with another Puerto Rico-based company, this time to help them build their cold storage resources in a sustainable way right from the start. By implementing our energy storage technology, Puerto Rico is one step closer to meeting its goal of generating 100% of its power from renewables by 2050.

Karma Impact, the impact investment news site aimed at the alternative investment community, published an overview of the impact of Viking Cold Solutions’ technology on energy consumption and costs, resilience, and sustainability.

Starting with the story of Viking Cold, from the initial insight of its founder Paul Robbins, up to its current status as a provider of proven energy savings, Karma Impact outlines the key advantages of Viking Cold Solutions for impact investors.

Karma Impact describes how Viking Cold’s Thermal Energy Storage (TES) technology allows cold storage facilities to consume electricity when prices are lowest, and then maintain low temperatures within each facility while reducing refrigeration energy through the rest of the day. Using sealed containers of a phase change material, managed and monitored through intelligent software, the system with no mechanical components provides efficiency and cost reductions of 25-50% for low-temperature facilities.

Of particular interest to the impact investment community, as Karma Impact noted, is the potential to pair Viking Cold’s TES solutions with renewable energy, such as solar. This combination allows facilities to reduce electricity consumed from the grid by up to 95%, and while facilities managers would be impressed by the resulting cost savings, impact investors will be struck by the ability to dramatically reduce electricity consumption in an energy intensive sector of the economy.

Alternatives to Viking Cold’s TES technologies might understandably be less attractive to impact investors. Traditional batteries, such as Lithium-ion batteries, are environmentally damaging, Karma Impact notes. Alternatively, sub-cooling food to attempt to lower energy costs (often called “flywheeling”) can decrease food quality.

Moreover, Karma Impact notes the impact of Viking Cold’s technology in improving resilience in the face of natural disasters, referencing the experiences of Viking Cold’s customers in Puerto Rico during Hurricanes Maria and Irma.

You can read the full coverage on Karma Impact’s site, here.

To speak directly to Viking Cold, to find out how we can help you reduce electricity consumption, cut carbon emissions, and improve resilience, contact us here.

Thunder Said Energy, the research consultancy for energy technologies, has released a review of the benefits of thermal energy storage for refrigeration, renewable energy sources, and energy storage at large.

Phase Change Materials (PCM), such as those used by Viking Cold Solutions, are described by the report as a “game-changer” for energy storage technology, particularly with reference to their use alongside renewable energy. The report explains the economics of cold storage, the functioning of Phase Change Materials, and covers a review of 5,800 patents in the space.

Thunder Said’s Phase Change Materials review made the key observation that PCM technologies can:

• Earn double-digit Internal Rate of Return
• Unlock 20% efficiency gains in freezers and refrigerators
• Provide superior efficiency over battery storage

Noting that refrigerators and freezers comprise 9% of the US electric grid, including consumption across 4,200 warehouses, 40,000 supermarkets, and 620,000 restaurants, Thunder Said is bullish on the potentials of Phase Change Materials.

The PCM report, which can be purchased from the authors here, highlights the achievements of Viking Cold Solutions’ thermal energy management technologies, the industry-leading performance that will be of particular interest to the readers. While Thunder Said expects 20% improvements in efficiency gains and commensurate cost savings, Viking Cold’s own installations have delivered efficiency improvements and cost savings of between 25% and 50%, out-performing the analysts’ expectations.

Viking Cold Solutions has developed its own PCMs and proprietary software from its headquarters in Houston, Texas, and now has the technology installed and running in locations from California to Puerto Rico and Mexico to Australia, with years of reliable operation and documented case studies to confirm the technology’s effectiveness in reducing cost, energy consumption, and carbon emissions.

For specific case studies and overviews of Viking Cold Solutions’ technology’s performance, see our Resources. And to find out how we can improve your energy efficiency and reduce your energy costs, contact us here.

Forbes reports that the US cold storage market is due for strong growth in the next few years, and that the logistics, warehousing, and distribution space holds considerable potential for value creation.

In a recent Forbes post describing cold storage opportunities, Mergermarket quotes a report from business consulting firm Grand View Research which calculates that global cold storage market will reach $212.5 billion by 2025, expanding at a compound annual rate of 12.2%. The piece continues to describe how in the US an additional 100 million square feet of cold storage space is needed by 2026 to meet the demands of a growing population and notes that the rise in e-commerce will create additional warehouse demand.

Amid discussion of consolidation and acquisitions within the third-party logistics sector, noting that warehouse and fulfillment M&A has increased over the last few years with 84 transactions announced in 2019, Forbes picked Viking Cold Solutions as a specific example of a technology partner whose thermal energy storage (TES) technology can unlock value within the sector, describing the function of Viking Cold’s long-duration TES as a way to allow cold storage facilities “to be upgraded into virtual power plants”.

Christopher Nolan, managing director of Dresner Partners, notes that the recent pandemic has exposed inefficiencies within the system. Rather than creating short term challenges, COVID has instead created focus on endemic issues, pushing “grocery retailers (to) better see back up the chain and what they’re lacking”, Nolan notes, with new technology and IT as areas with notable potential.

Quoting James Bell, CEO of Viking Cold Solutions, Forbes noted that within the logistics space energy is the second-highest cost, only after labor, and that TES allows distribution companies and power providers to address mounting supply chain and energy challenges.

To read the Forbes Mergermarket post, click here. Or contact us today to learn how Viking Cold’s thermal energy storage solutions can unlock cold storage opportunities for you.

A recent piece on GreetechMedia.com describes how California based third-party logistics provider Dreisbach Enterprises has seen cost savings and performance improvements after installing Viking Cold’s long-duration thermal energy storage (TES) technology.

Jason Dreisbach, the owner of Dreisbach Enterprises, explains why his company selected Viking Cold’s technology from a range of available energy-efficiency and demand-response programs.

“What Viking Cold has allowed us to do is [to avoid] sub-cooling to the degree that we had, and then ride it out for much longer,” he explains in the report. “Instead of six hours, we ride 12 or 13 hours, six days a week, without turning on our more major compressors.” The result is a 22-month payback period instead of 36, with a range of additional benefits – increased employee comfort, reduced operations and maintenance costs, and improved temperature stability.

The Greentech Media piece also discusses the success of TES technology in the San Diego Food Bank. Since installing Viking Cold’s thermal energy storage system, the food bank has been able to shut down compressors overnight and leverage its onsite solar array to power more of the refrigeration during the day while reducing its morning peak to generate energy savings of nearly 40%.

The business landscape for long-duration thermal energy storage is shifting, the story reports. Dozens of utilities now offer incentives to support the installation of TES technologies, the TES market is growing, and Viking Cold’s sales teams see increasing numbers of inbound inquiries.

As James Bell, President and CEO of Viking Cold Solutions, is quoted as saying,  “Down the road, I see this looking like insulation did 100 years ago. Now you wouldn’t even consider a building without insulation. Going forward, why would anyone build a temperature-controlled facility without the efficiency and resiliency of TES?”

To read the full story, click here. Or contact us today to learn how our long-duration storage solution will save you energy and money.

HOUSTON, June 23, 2020 (GLOBE NEWSWIRE) — Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named Viking Cold Solutions to the 2020 Top Green Providers list for the fourth consecutive year.

Each year, the criteria for earning a spot on the Food Logistics’ annual Top Green Providers list become more stringent for applicants. For example, the editorial staff evaluates a company’s participation in such programs as the EPA’s SmartWay and other recognized sustainability programs; facilities that are LEED-certified, and/or feature solar panels, LED lighting and other energy-saving installations and retrofits that produce measurable reductions in GHG emissions, to name a few.

“Our annual Top Green Providers award recognizes companies whose products, services or exemplary leadership enhance sustainability within the food and beverage industry. From technology that reduces a fleet’s carbon footprint to software that helps shippers drive energy efficiency to systems and processes that help reduce the carbon and environmental impact of their customers’ supply chains, these top green providers continue to practice the ultimate in sustainability year over year,” says Marina Mayer, Editor-in-Chief of Food Logistics.

Viking Cold Solutions CEO and President, James Bell, responded to the news that the company received its third cleantech-related award this year, “We are honored to be recognized as a Top Green Provider for the fourth year in a row. Helping our customers, such as Whole Foods, Sysco, and Americold, to improve their sustainability, increase resiliency, and better maintain and protect food along its journey is our mission. Viking Cold is committed to using our technology to work with food companies to create a more sustainable supply chain.”

About Food Logistics
Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world’s most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media.

About Viking Cold Solutions
Viking Cold Solutions is the leading long-duration thermal energy storage provider to the energy-intensive frozen/low-temperature cold storage industry. Viking Cold delivers cost-effective and flexible energy management services which protect food and help reduce environmental impact. Its patented Thermal Energy Storage system with phase change material (PCM) and intelligent controls reduces cold storage energy costs up to 35 percent or more, while improving temperature stability and optimizing refrigeration operations. Viking Cold Solutions’ TES systems have been measured, verified, and incentivized by energy utilities across the U.S. and are currently in use around the world providing efficiency to grocery stores, low-temperature warehouses, and restaurants.

For additional information, please visit www.vikingcold.com.

Sales Contact:

Collin Coker, Vice
President Sales &
Marketing
ccoker@vikingcold.com
+1.281.687.0919

Press Contact:
Damon Vance
Marketing Director
dvance@vikingcold.com
+1.832.899.4771

COMPANY BUILDS MOMENTUM AS IT POSITIONS FOR ACCELERATED GROWTH IN 2020

HOUSTON (GLOBE NEWS WIRE) – Viking Cold Solutions, the leading thermal energy storage provider for low-temperature cold storage industries, announced a record-setting year for the company in 2019, highlighted by several notable accomplishments that set the stage for continued strong growth in 2020.

Viking Cold’s 2019 revenue was more than six times greater than 2018 revenue, reflecting over 19,000 kWh of energy storage capacity deployed across 14 projects, saving energy and protecting food while also offsetting 13.4 metric tons of carbon emissions each year. The company’s market growth continues to increase as its total sales pipeline grew to more than $40 million during the year.

Read More →

Power Magazine‘s Darrell Proctor interviewed CEO James Bell after Viking Cold was awarded the Cleanie Platinum Project of the Year Award. James discusses the award-winning project with Massachusetts utility Eversource as well as other benefits beyond storing energy for time-of-use avoidance. He covers how long-duration Thermal Energy Storage also provides reduced mechanical run-time and wear and tear, sustainability improvements, and resiliency for food during extreme weather events or other power outages.