A handful of grocery stores in New York could produce ice over night as an unusual way of storing energy and working with the local utility.
The technology to make and manage the ice will be provided by a young startup backed by the chief technology officer of Tesla TSLA -0.32% , among other investors.
On Tuesday, startup Axiom Exergy announced that it won a deal to provide $5 million worth of its refrigerator batteries to grocery stores in Brooklyn and Queens. The grocery stores will be able to use incentives from utility Consolidated Edison to pay for the technology.
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