Ice Energy Raises $25 Million

Ice Energy Inc., a Windsor, Colo.-based air conditioning startup, has raised $25 million in Series A funding. Goldman Sachs led the deal, and was joined by Good Energies Inc., Second Avenue Partners and Sail Venture Partners. The Ice Energy product is essentially an energy storage system that draws power from utilities at night (when power is cheaper), turns it into ice and then ices the ice as a coolant during the day.