WINDSOR, CO – June 15, 2009 – Ice Energy, a leading provider of distributed energy storage and smart grid solutions for optimizing energy system efficiency and improving grid reliability, has been honored with a Buildy Award for best “Smart Grid Initiative” at Clasma Events’ Connectivity Week 2009.

Since 2004, the Buildy Awards have been presented to leaders, visionaries and implementers of smart devices and smart systems in the context of commercial buildings, residential, energy management and other applications.

Voted on by conference attendees and presented Wednesday evening at Clasma’s Industry Awards Gala, the award recognized Ice Energy’s role in the advancement of the smart grid through its development of grid-scale distributed energy storage. Integrating an advanced software infrastructure and intelligent two-way command and control capabilities, Ice Energy’s solution delivers transformational permanent peak load management to utilities. Other finalists in the category included the Zigbee® Alliance, the Galvin Electricity Initiative, and OuterArc Ltd.

“To be selected by our peers from a very strong and worthy group of competitors for this award is a great honor,” said Brian Parsonnet, Chief Technology Officer for Ice Energy. “The industry is recognizing that cost-effective energy storage is a key requirement for meeting the challenges of critical peak demand and integrating renewable resources more effectively onto the grid. And, as we saw demonstrated at Connectivity Week, information technology and connectivity play a pivotal role in improving system level energy efficiency and grid reliability.”

By leveraging the higher efficiencies associated with generating, transmitting and storing power at night, and then dispatching it during times of peak demand, Ice Energy delivers a sustainable new energy solution equivalent to hundreds of megawatts of clean peaking power, providing utilities compelling energy, environmental and economic benefits.

To learn more about how Ice Energy’s transformational technology solution uses cleaner, less expensive and more efficient off-peak power to create and store energy overnight for availability the following day, visit Discover the Power of Ice to view an informational three-minute video.