As temperatures soar, so does the amount of energy consumed by air conditioners and the amount of money spent them -- 'IceBank', designed by CALMAC, is an innovative new way to provide air conditioning to buildings and homes while cutting costs in the process.
According to Popular Science, the system works by letting a coolant pass through it in order to cool the contents overnight. Additionally, the IceBank tracks when one's AC is being used the most -- usually during the day -- and runs a cooling solution through a heat coil, chilling the air that is blown through the air duct to cool a particular space.
Owners are able to save money by consuming energy when prices are lowest, at night, rather than during peak usage hours. This new source of clean, cool energy comes in various sizes to meet the needs of different buildings.
Ice-Constructed Batteries
CALMAC's 'IceBank' Energy Storage Promotes Sustainable Practices
Trend Themes
1. Energy Storage Technologies - Innovative energy storage technologies like Ice-Constructed Batteries can promote sustainable practices by breaking the dependence on non-renewable energy and cutting costs.
2. Time-of-use Pricing - Time-of-use pricing models can be implemented further to incentivize the use of energy during low-demand periods like night-time.
3. Smart HVAC Systems - Smart HVAC systems that track usage and run cooling solutions during low-demand periods can reduce costs and promote environmental sustainability.
Industry Implications
1. Construction Industry - The construction industry can utilize innovative energy storage technologies during the building design phase to promote sustainability and reduce costs for building owners.
2. Energy Industry - The energy industry can further embrace time-of-use pricing to promote consumption during low-demand periods and create new business models that promote sustainability practices.
3. HVAC Industry - The HVAC industry has an opportunity to invest in smart systems that have the ability to track usage and run cooling solutions during low-demand periods, which can lead to cost savings and promote sustainability.