Ice Energy is an energy storage company serving utility companies in California. Its main product is the Ice Bear system, developed for small to mid-sized commercial buildings. The Ice Bear freezes water at night when electricity is cheaper and uses that ice for space cooling during the day. Ice Energy was founded in 2003. In August 2014, Ice Energy revealed a version of the Ice Bear for single-family homes called the Ice Cub. In November, the company won sixteen contracts with Southern California Edison. The contracts totaled 25.6 megawatts.