Ice Energy, a California firm that uses chunks of ice to cool buildings, has secured $40 million in financing from private equity group Argo Infrastructure Partners LLC.
The bulk of the funding will help pay for a storage project for Edison International’s Southern California Edison utility, Ice Energy Chief Executive Officer Mike Hopkins said in an interview. He didn’t provide a valuation for the company.
The closely held firm also will use the proceeds to cover smaller...
For more stories, analysis and expertiseOR Request Trial