Most of us who keep tabs on our power bills are well aware of how refrigeration and air-conditioning can burn a hole in our pockets if not used judiciously. So, what about the case of large cold chain warehouses that bank on such facilities around the clock? How do they manage to survive this costly affair and simultaneously ensure that they avoid spoilage of perishable materials? All hail technology, now cold chain warehouse companies can cut down on refrigeration and temperature controlling costs and gain improved energy storage and efficiency through thermal energy management.
Thermal energy storage solutions help companies reduce energy consumption, decrease carbon footprint, and at the same time save money. Buckle up as we take you through a few popular energy storage trends that are budding in the cold chain sector:
Thermal Energy Storage Market is Booming
As per Technavio’s Report on thermal energy storage, the global thermal energy storage market is expected to grow significantly and post a CAGR of over 18 percent over the next couple of years. One of the main reasons for this growth is the rising demand for cost-effective storage systems. Thermal energy storage is also gaining popularity due to its low carbon emission, low power consumption, and improved efficiency displayed by them in energy storage.
Standardizing System Components
Favorable government policies, innovative technology, and declining component costs have given birth to a dynamic market for energy storage. To reap the benefits of the same, energy sector players are expected to standardize the way system components are built, their performance, and the manner in which they communicate with other grids. How will standardization benefit the energy sector? It will result in the faster integration of energy storage solutions and lower the project costs.
Implementation of Full Scale Food Safety Modernization Act (FSMA)
FSMA establishes stringent regulatory and preventive standards for producers and processors to adhere to. They have also established strict penalties for players who fail to comply to these standards. This measure is getting the players in the cold chain to ensure that their standards match the ones set by FSMA.
Transport Rules are Getting Stricter
The US Food and Drug Administration has formulated a law to ensure that the carriers keep a check if appropriate temperatures of storage are maintained during the entire duration of the transportation of the products. The law also states that the carrier must provide adequate documentation to the receiver that the products that have been transported in a controlled environment.