A company developing a new form of cold thermal energy storage already celebrated by a branch of the American Society of Civil Engineers (ASCE) now has access to funding which will allow it to deploy the technology at nearly 200 commercial buildings across California by the end of the decade. Nostromo Energy, thanks to the conditional commitment of a $305.5 million loan guarantee by the U.S. Department of Energy’s Loan Programs Office (LPO) earlier this month, will be able to deploy its Project IceBrick cold thermal storage technology on a wider scale for the first time. If finalized, the loan will finance installation of IceBrick systems at up to 193 commercial buildings over five years. The 1,400-kWh IceBrick Innovation Center deployed at the Beverly Hilton hotel in Beverly Hills recently was honored as an Outstanding Energy Project by the Los Angeles Branch of the ASCE. Nostromo’s IceBrick cold thermal storage contains modules which can store cold energy by freezing water into ice through Nostromo’s proprietary process. The cold storage energy then is available to discharge into a building’s circulating chilled water, avoiding energy-intensive chillers.

Full report : Nostromo receives the U.S. department of energy’s loan guarantee to deploy its Cold Thermal Storage IceBrick Project.