Frigesco has been invited to present the latest developments in its transformational flash defrost technology at CleanEquity Monaco 2015
The annual gathering brings together innovators, policy makers and investors from across the world to discuss the most promising new clean technologies.
The event, which takes place on 5-6 March, is being hosted by London-based investment bank Innovator Capital. High profile supporters and sponsors include Prince Albert II of Monaco’s Foundation, Cranfield University, Covington & Burling, Porto Novelli, PR Newswire, and Monaco Chamber of Economic Development.
Frigesco’s system works by harnessing waste heat from refrigeration systems to carry out very low energy defrosts, in the process reducing supermarket cooling energy costs by up to 20 per cent. The technology has won a string of awards and is currently undergoing field trials in working supermarkets in the UK, South Africa and the US.
Frigesco believes the system has even wider application, and recently secured UK government support in the form a Department of Energy and Climate Change (DECC) grant to develop the system for use in air source heat pumps (ASHPs).
It will be used to fund joint research by Frigesco and heat pump specialist Glen Dimplex to develop flash defrost technology for application in ASHPs, themselves a clean-tech for sustainable heating and cooling, with major growth potential due to their exceptional efficiency.
CleanEquity Monaco’s expert panel has identified Frigesco as one of the world’s most innovative clean-tech companies, and selected it to present its technology to senior financial and strategic clean-tech investors, policy makers, legislators and end users users.
David Walter, managing director of Frigesco, said: “It is another important step in our journey to develop and communicate the benefits of flash defrost. The results from the first field trials are now beginning to come back, and as anticipated prove the outstanding efficiency of the system.
“We are now talking to some of the world’s largest retailers and manufacturers about the next steps in implementing flash defrost. After four years of research and development and proving trials, we believe 2015 will be an important year for us and provide the springboard for commercial take off.”