PCM briefing: Ice Bear 20 to be installed at CEO's California ranch; $7.8 trillion to be invested in renewable power in next 25 years
Ben Welter - Monday, June 13, 2016
• About $7.8 trillion will be invested in renewable power worldwide over the next 25 years, according to Bloomberg New Energy Finance. The report, New Energy Outlook 2016, projects that wind, solar, hydro and other renewable energy sources will generate 70 percent of Europe’s power in 2040, up from 32 percent in 2015. In the United States, 44 percent of power will come from renewables in 2040, up from 14 percent in 2015.
• Ice Energy CEO Mike Hopkins reports on LinkedIn: "I'm excited to be getting an Ice Bear 20 for my ranch in Santa Barbara. It will be our first installation in California. Here's a picture of it all wrapped up and ready for shipping from our factory in Hammondsport, New York. It will have a stopover at our facility in Riverside and then up to my place." The Ice Bear 20, a smaller version of the company's commercial thermal energy storage system, is designed for the residential market. The ice-based system has a 265-gallon tank and a thermal storage capacity of 240,000 BTUs. It is 44 inches wide, 40 inches high and 75 inches deep.
• Cold Chain Technologies, a manufacturer and distributor of temperature-controlled packaging solutions, has promoted Richard M. Formato to the new position of principal technologist. Formata led the commercial development of the company's line of phase change materials and, more recently, gelled PCMs.