Ice-powered air conditioners

Ice Energy said Tuesday it has raised US$33 million in a second round of funding. The round, led by Energy Capital Partners, also provides up to US$150 million in project development financing.

Ice Energy makes rooftop air conditioners that use ice to help lower the cost of operating them.

The ice storage can shift the demand to off-peak times by as much as 40 percent, according to the company. For that reason, the company is marketing its products to utilities looking for ways to reduce peak demand to avoid construction of new power plants.

Via CNET Blogs