Rebound Technologies Awarded a National Science Foundation Phase II SBIR Grant for Continued Refrigeration Research
September 22, 2015
Contact: Kevin Davis +1.303.818.0799
DENVER – Rebound Technologies, Inc. was awarded $748K by the National Science Foundation to continue developing its IcePoint™ technology, a commercial refrigeration system that saves commercial users up to 60 percent on their freezer operating costs.
To successfully complete the 2-year project, Rebound is teaming up with Southern California Edison (SCE), Whole Foods and CTA Architects Engineers help 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, CTO 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.
“Whole Foods is always interested in exploring new technology and IcePoint™ performance figures are attractive,” said Marc Saba, Sustainable Facilities Coordinator at Whole Foods. “Rebound’s progress to date is impressive. We look forward to contributing to the development and validation process.”
Scott Mitchell, from SCE is excited about the opportunity.
“Innovation in the refrigeration sector is desperately needed, but reliability is obviously critical” said Mitchell. “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°F fluid that maintains freezer temperatures throughout the day.
The mixture is eventually separated into pure water and freeze suppressant, reusing both as the closed-loop cycle continues.
According to Muren, testing indicates the IcePoint™ design uses 40 percent less energy than conventional systems while achieving additional cost savings by capitalizing on lower “off-peak” power rates.
For more information, contact Kevin Davis, Rebound Technologies CEO, at email@example.com or +1.303.818.0799.