RICHMOND, Calif., Dec. 19, 2017 /PRNewswire/ -- Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named Axiom Exergy to its 2017 FL100+ Top Software and Technology Providers list. The award recognized Axiom for its thermal energy storage innovation called the Refrigeration Battery. Currently, the technology is in operation at a Whole Foods Market in Los Altos, California, and scheduled for installation at a Walmart store in San Diego.
The annual FL100+ Top Software and Technology Providers list serves as a resource guide of software and technology providers whose products and services are critical for companies in the global food and beverage supply chain.
"It's an honor to be recognized by FL100+ for our work supporting grocery stores and other cold storage facilities," says Amrit Robbins, CEO of Axiom Exergy. "Given the unique shape of a supermarket's demand profile, which is relatively smooth compared with other commercial buildings, supermarkets are seeking out cost-effective energy storage solutions capable of providing long-duration load shifting, as opposed to peak shaving typically provided by electrochemical systems. We are proud to do our part in making strides in both the areas of intelligent load management, as well as cost savings."
Refrigeration typically represents 55 percent of an average supermarket electricity consumption. By shifting electricity demand to off-peak hours, supermarket owners can take advantage of lower night-time rates to reduce a store's expensive on-peak electricity demand by up to 40 percent.
The Refrigeration Battery "stores cooling" at night by freezing tanks of salt water when energy costs are low. Then, when electricity prices peak during the afternoon, the Refrigeration Battery "discharges" by providing uninterrupted cooling services to the facility without running its power-hungry central refrigeration system. Axiom offers the Refrigeration Battery to its customers via a storage-as-a-service model, requiring no upfront capital investment. . With an expected useful life of 30 years, and 6+ hour load shifting capability, the Axiom technology has been designed to deliver meaningful savings to cold chain facilities while enabling increased renewable energy capacity on the electrical grid.
"New developments and innovations in the software and technology sector are making sizeable impacts on the global food supply chain," notes Lara L. Sowinski, editorial director for Food Logistics and its sister publication, Supply & Demand Chain Executive. "The result is a greater visibility, improved regulatory compliance, enhanced shelf life for perishables, and the emergence of a more proactive and nimble food supply chain that benefits both the food industry and its logistics partners, as well as the end consumer."
Companies on this year's 2017 FL100+ Top Software and Technology Providers list will be profiled in the November/December 2017 issue of Food Logistics, as well as online at www.foodlogistics.com.
About Food Logistics
Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world's most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media.
About Axiom Exergy
Axiom Exergy seeks to transform the world's cooling systems into a controllable fleet of intelligent thermal "batteries." Axiom's Refrigeration Battery® platform makes it possible to actively manage commercial refrigeration systems for the first time. It uses low-cost thermal energy storage and an advanced data analytics engine to make refrigeration systems intelligent, flexible, and resilient. With deep expertise in supermarket energy management, thermal energy systems engineering, cloud software development, and product commercialization, Axiom Exergy provides its customers with turnkey power management solutions that reduce operational costs and business risk. Axiom Exergy also offers fully-financed "Storage-as-a-Service" so that supermarkets and commercial buildings with high refrigeration-based energy loads can save more than they pay from day one. www.axiomexergy.com
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