Con Edison offers New Yorkers US$5 million thermal storage promo

LinkedIn
Twitter
Reddit
Facebook
Email

Axiom Exergy’s system uses existing refrigerators’ excess capacity at night to freeze a tank of salt water, which can in turn provide refrigeration services to buildings during peak hours. Credit: Axiom Exergy
New York utility Con Edison is offering local businesses incentives to install over US$5 million of thermal energy storage systems that kick in during peak hours, and can be controlled remotely.

Supermarkets, grocery stores and other cold storage facilities in parts of the New York boroughs of Brooklyn and Queens can take advantage of the incentive as part of Con Edison’s ‘Neighborhood Program’ to promote more efficient energy usage.

Specifically, Con Edison is offering eligible businesses help to purchase and install Axiom Exergy’s Refrigeration Battery system, which affords between 1.5MW and 2MW of storage per unit, and an aggregate power supply of up to 8MWh.

Axiom’s system uses existing refrigerators’ excess capacity at night to freeze a tank of salt water, which can in turn provide refrigeration services to buildings during peak hours, eliminating the need for energy-intensive compressors and condensers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

As such, cold storage facilities can run on stored energy when demand and costs are high, and save when they are low. It can also provide backup cooling to reduce food spoilage during power outages.

Using ‘internet of things’ (IoT) and cloud technology, Con Edison can instruct Axiom to activate thermal batteries remotely to reduce strain on the grid. Batteries can also be programmed to take the strain at set times when supply is short and prices are high. Axiom’s KARL cloud platform will also provide Con Edison with real-time performance monitoring, data analytics, and alerts.

Amrit Robbins, president and co-founder of Axiom Exergy, said: “Con Edison is taking an innovative approach to help address surging power demand on its grid by working with grocery store and cold storage facility owners to reduce their energy bills and enhance their razor-thin profit margins.”

Axiom’s solution works with existing fridge systems; installation does not require physical modifications or programming modifications of existing equipment. Axiom reckons businesses can reduce their peak electricity demand by up to 40%.

Robbins said: “By deploying Refrigeration Battery systems, these locations can convert power-hungry refrigeration systems into intelligent ‘batteries’ that can respond dynamically to the needs of the facility and the grid operator, taking into account energy prices, weather patterns, and grid programs like demand response.”

Greg Elcock, in charge of the initiative for Con Edison, said: “By working with customers to help them use energy more efficiently, we have been able to keep service reliable during another hot New York summer. We will continue to help customers in these sections of Brooklyn and Queens choose from a variety of technologies and energy options that will help them manage their usage.”

Con Edison is also offering incentives for businesses to install doors on open refrigerated display cases to further reduce peak energy demand.

Axiom suggested its Refrigeration Battery system can “shift” six hours of a building’s refrigeration-based electricity loads.

Viking Cold, a utility in California, suggested in March that thermal storage could allow fridges and cold storage units to operate without grid power for as much as 12 hours.

15 September 2026
San Diego, USA
You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

August 14, 2026
Energy-Storage.news Premium speaks with Alon Maskovich, CEO and co-founder of enSights about BESS economics and the company’s new battery economics calculator.
August 14, 2026
US ‘multi-day’ energy storage startup Noon Energy has made an agreement with renewables platform Sabanci Renewables, to deploy 1GW of Noon’s technology for AI infrastructure in the US.
August 14, 2026
Casey Keller, founding partner at Caerus Commodities, shares critical lessons from optimising battery storage, ahead of the 2026 US Battery Asset Management Summit taking place in California on 15-16 September.
August 13, 2026
ESS Tech Inc highlighted the potential of its recent partnership with Alsym Energy and the advancement of its sodium-ion technology in its recent financial report.
August 13, 2026
Renewable energy developer-operator Arevon Energy has put its 300MW/1,200MWh Nighthawk Energy Storage Project in Poway, California, US into operation.