Storage Drop wins EU grant for cooling systems

• Published date: 17 March 2024
• Author: Globes correspondent
• Publication title: Globes (Rishon LeZion, Israel)

This R&D project aims to develop a cooling system for low temperatures (-40oC to +12oC). The system will be fed by solar panels, which will supply electricity to the system to produce 5 TR of cooling 24/7. The cooling cycle will be based exclusively on clean elements (water, CO2 and other natural materials). The company estimates that the system's construction will take around 12 months

Storage Drop CEO Shay Cohen said, "We are proud that for the second time in less than two months, Storage Drop's technology has won the confidence of professional grant awarding organizations (Israel Innovation Authority and the European Commission). The biggest research institutes in the world are working with us on this unique project. It is a considerable achievement at the international level for Israeli development that has made significant progress in implementing clean and efficient technologies."

Storage Drop is developing a product that will be clean, efficient and compatible with solar PV panels. The cooling and storage technology developed by the company uses environmentally friendly gas (CO2), compresses it using a liquid piston technology, discharges the compressed gas (liquid phase) into its patented expander device and produces cooling according to demand.

The system is designed to allow a stable and constant supply of cooling, with significantly less energy consumption than standard chillers. In other words, the system under development will allow for cleaner and more efficient cooling than the methods currently available on the market.

Beyond the advantage of, energy efficient cooling process as compared to current conventional cooling methods. The system will be integrated with a thermal battery to enable charging during off-peak hours and discharging during peak demand hours.

Energy savings during the efficient cooling process and...