IN2 Profile: Reducing Energy Prices for Commercial Buildings with NETenergy’s Black ICE Technology
To cool a commercial building properly and cost-effectively, the owners of NETenergy have created a thermal battery that works much like an electrical battery except instead of storing energy electrically, it stores energy thermally. Through the Wells Fargo Innovation Incubator (IN²) program, NETenergy will be able to advance modeling of their system and increase product development. The IN² program launched in October 2014 and is part of Wells Fargo’s 2020 Environmental Commitment to provide $100 million to environmentally-focused nonprofits and universities. The goal is to create an ecosystem that fosters and accelerates the commercialization of promising commercial buildings technologies that can provide scalable solutions to reduce the energy impact of buildings. According to the Department of Energy, nearly 40 percent of energy consumption in the U.S. today comes from buildings at an estimated cost of $413 billion.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE; NETenergy LLC, Chicago, IL (United States); Wells Fargo, San Francisco, CA (United States)
- OSTI ID:
- 1349809
- Country of Publication:
- United States
- Language:
- English
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