CALMAC Newsletter- Breaking News

Today, according to Bloomberg News, Goldman Sachs, a leading global investment banking, securities and investment management firm, is using CALMAC’s thermal energy storage to cool its New York City office. Beneath the trading floors of Goldman Sachs Group Inc. Manhattan headquarters are 92 tanks with enough ice for 3.4 million margaritas, states Bloomberg.

“It [thermal energy storage] has a powerful environmental benefit,” said Timur Galen, Goldman’s global co-head of corporate services and real estate. “We are calling upon the energy grid when it has the most available capacity and, as a result, the cleanest energy.”

Goldman estimates that it saves about $50,000 monthly on its summer power bills.

CALMAC CEO, Mark MacCracken remarks, “In the big picture, we have to reduce our carbon by 90 percent, and the only way to do that is with more renewables. But renewables need storage, and ours  [ice storage] is the easiest way to store that energy, because it’s storing it the way it will be used.”

Read the full story, “Goldman’s Icy Arbitrage Draws Interest to Meet EPA Rule” on Bloomberg>>>