Viking Cold Solutions

Overview
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Product stageSegments
Early
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Energy management
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Viking Cold Solutions offers Thermal Energy Storage (TES) technology designed to enhance the efficiency, flexibility, resilience, and sustainability of refrigeration and cold storage systems. The patented TES system stores thermal energy, enabling cold storage operators to increase refrigeration system efficiency by 20-30% while reducing energy costs by up to 50%. The technology helps maintain consistent temperature control, ensuring product quality and safety, even during mechanical failures, power outages, or natural disasters.

Viking Cold's TES systems seamlessly integrate with existing refrigeration systems and can be installed in commercial and industrial frozen food warehouses, distribution centers, and other temperature-controlled facilities. By leveraging TES, businesses can reduce energy usage, lower their carbon footprint, and store renewable energy more efficiently, contributing to the decarbonization of the food industry.

The company's technology has been widely adopted by food manufacturers, third-party logistics providers (3PLs), supermarkets, and restaurants, helping optimize their facilities and increase resiliency. Viking Cold Solutions monitors client sites 24/7/365 and provides real-time performance metrics and historical data through a cloud-based portal.

As of October 2023, the company's TES technology has saved over 44 million kWh of electricity, avoided over 34,000 tons of greenhouse gas emissions, and earned millions of dollars in incentives for clients. In December 2024, Viking Cold's TES technology received the Top 3PL & Cold Storage Provider award from Food Logistics for making refrigeration and cold storage systems more efficient, flexible, resilient, and sustainable.

Key customers and partnerships

In April 2018, Viking Cold Solutions partnered with the Houston Food Bank to install TES technology in their temperature-controlled facilities. The partnership aimed to reduce the food bank's electrical consumption and demand during peak energy usage hours, enabling them to offer thousands of additional meals every year and feed more people struggling with food insecurity.

Viking Cold Solutions has also collaborated with regional food banks across the US as part of the Feeding America network, the nation's largest domestic hunger-relief organization. By reducing energy costs through TES technology, the company has provided hundreds of thousands of additional meals to Americans facing food insecurity.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2245 Texas Drive Suite 300 Sugar Land TX USA
Founded year:
2007
Employees:
11-50
IPO status:
Private
Total funding:
USD 9.0 mn
Last Funding:
USD 4.2 mn (Series Unknown; Oct 2016)
Last valuation:
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Key competitors
 
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