Rebound Technologies Inc., a startup with its roots in Boulder and Fort Collins, has received a $748,000 grant from the National Science Foundation to continue developing its IcePoint technology, a commercial refrigeration system that the company said saves commercial users up to 60 percent on their freezer operating costs. The company, in the process of moving to Denver next month, will team with Southern California Edison, Whole Foods Market, and Denver-based CTA Architects Engineers to design, build, validate and demonstrate a commercial-scale IcePoint system.
“Our approach is revolutionary in that we’re trying to finally create an alternative to a conventional, energy-intensive cooling technology that’s been around for 160 years,” said Russell Muren, chief technology officer and co-founder of Rebound Technologies. “The steps required to ensure reliability require strong partnerships.”
Rebound has been in discussions with SCE and Whole Foods for the past two years in anticipation of a potential collaboration.
Scott Mitchell from SCE said innovation in the refrigeration sector is desperately needed, but reliability is critical. “Rebound is taking the right steps by bringing on CTA to provide industrial engineering support while relying on our Thermal Technology Test Center to provide third party validation services. The SCE team is excited to get our hands on some new technology with the potential to improve energy efficiency and shift peak loads.”
IcePoint creates ice at night — during what utilities typically call “off-peak” hours — when demand for electricity is low and prices are less expensive. As the ice melts, it mixes with a freeze suppressant to create a -22 degree Fahrenheit fluid that maintains freezer temperatures throughout the day.
JIM ARMER, CTA DIRECTOR OF ENERGY SERVICES:
“CTA is excited to participate in this refrigeration technology development. We always look forward to being part of industry energy advancements where we can share experiences with forward-thinking partners and clients.”