February 5, 2014
Smartcool Systems Inc. (TSX-V: SSC) is providing its energy saving software and products to the world-class energy demand reduction programs run by Energex, one of the two dominant utility companies in Queensland, Australia.
Energex projects involving Smartcool in their suite of technologies include Dreamworld, one of the premier theme parks in Australia, and AMP Pacific Fair, one of the largest shopping centers in Queensland. The projects cut annual energy consumption at Dreamworld by 680,000 kWh and at AMP Pacific Fair by 3,600,000 kWh. These huge reductions in energy also represent significant cuts in carbon emissions, helping both companies meet their green mandates. In both projects, Smartcool supplied the energy saving solution for the customers' large air conditioning chillers, package unit air conditioning, freezer rooms and cold rooms for food storage.
'We are really pleased to be working with Energex,' says George Burnes, President and CEO of Smartcool. Smartcool Australia have now been working with Energex on similar projects for 3 years 'Our software is able to provide compelling demand reduction benefits associated with improving the overall energy efficiency of air conditioning and refrigeration systems. As we continue to develop our software to integrate demand response functionality we will be able to build on the extraordinary value we already provide to end customers by providing a feature of particular interest to utilities.'
Demand reduction is of critical concern to utilities around the world as national grids grow older and in many cases are struggling to keep up with a rapidly growing demand for electricity from energy-hungry businesses and homes. Surges in demand during peak times of day can be particularly difficult for utilities to manage, and expensive for end customers as they are subject to high peak tariff rates. Products like Smartcool's ECO3 and ESM can automate the demand reduction process, lowering demand from air conditioning and refrigeration systems at all times of day. This reduces the severity of peaks in demand, making energy management easier for utility companies and reducing costs for the end customer.
'Our electrical grid is under serious pressure from daily and seasonal spikes in energy consumption as homes and businesses use more and more air conditioning to maintain comfort and critical systems during our frequent heat waves,' explains Chris Rogerson, CEO of Smartcool Australia, the national distribution partner of Smartcool Systems Inc. 'Smartcool products installed on these air conditioning systems are able to significantly reduce the overall energy demand and smooth out the peaks in demand that can lead to energy supply problems. Our ability to work on these and other major projects with other technologies or smaller projects where Smartcool is the only technology reducing energy and peak demand with a simple retrofit, makes us unique in all markets.'
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Smartcool Systems Australia Ltd. is a privately owned company, holding exclusive distribution rights throughout Australia and New Zealand from Smartcool Systems Inc. for the ESM.
Smartcool Systems Inc. (TSX-V: SSC) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by 15% to 20%, giving customers a return on investment in as little as 12 months.
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