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Ice Energy Passes System Milestone Of Two Million Hours of Operation

Proven Energy Storage Systems Deployed at Sites Nationwide

SAN DIEGO – February 3, 2009 – Ice Energy®, the leading provider of distributed energy storage and smart grid solutions for optimizing energy system efficiency, today announced that it has passed the milestone of more than 2 million hours of cumulative field run time for its systems in deployment across the United States.

The announcement was made at DistribuTECH 2009, where the company is exhibiting in Booth 522.

Ice Energy's innovative solutions for utilities integrate the company's effectively lossless distributed energy storage technology with closed loop, two-way control and an advanced software infrastructure to permanently reshape the load curve and fundamentally transform energy system efficiency and reliability.

“Over the past several years, Ice Energy has perfected its storage technology, software and system deployment programs,” said Ice Energy CEO Frank Ramirez. “We are pleased to mark this reliability milestone here at DistribuTECH, where we are demonstrating the only proven and cost-effective distributed energy storage solution available for scaled utility deployments today.”

Unlike load management cycling or other curtailment programs that negatively impact customer comfort and economic productivity, Ice Energy systems shift energy consumption from high-impact daytime hours to low-impact nighttime hours. With the Ice Energy solution, utilities reduce peak energy costs and integrate intermittent renewable resources onto the grid without compromising the reliability or quality of service provided to consumers.

About Ice Energy

Ice Energy is transforming energy system efficiency and grid reliability by helping utilities intelligently manage their load profile. The company offers cost-effective smart grid system solutions that integrate proven distributed energy storage, closed loop two-way control, and permanent peak load shifting as a renewable portfolio resource.

With Ice Energy's innovative solution, utilities improve reliability and customer service by reshaping load curves, improving asset utilization, and integrating intermittent renewable resources. Ice Energy provides utilities with a reliable solution for leveling the load profile, controlling costs, and transitioning to a cleaner, smarter, and more sustainable energy system. For more information, visit www.ice-energy.com.

“Ice Energy” and “Ice Bear” are registered trademarks of Ice Energy, Inc.

CONTACT:

Ice Energy Media Relations

Don McDonnell

don@themcdonnellgroup.com

404-583-0003

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