ICE Thermal Harvesting
ICE Thermal Harvesting is a Houston-based private company that converts industrial waste heat into emissions-free electricity using patented, modular Organic Rankine Cycle systems (ICE PACK) sold behind the meter under long-term power purchase agreements to oil & gas, manufacturing, power generation, and seafood processing clients.
- Company typePrivate
- Founded2021
- HeadquartersHouston, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What ICE Thermal Harvesting does
ICE Thermal Harvesting, LLC is a Houston-based private company founded in March 2021 by Ben Bodishbaugh and Carrie Murtland — both former Evolution Well Services executives — that develops and operates modular, mobile heat-to-power systems for industrial customers. Its core product, the ICE PACK, applies Organic Rankine Cycle (ORC) technology to harvest waste heat from liquid, vapor, or mixed-phase process streams and convert it into emissions-free electricity. The system is designed for plug-and-play deployment that requires no civil infrastructure or third-party EPC engagement, and is covered by 11 granted U.S. patents on ICE's heat-to-power systems and methods.
ICE serves four primary customer segments: oil & gas (producing wells, midstream compression, downstream refining and LNG), industrial manufacturing (cement, metals), power generation (geothermal and natural gas plants), and remote/off-grid operations (diesel generator exhaust recovery). Named enterprise customers include CNX Resources (Dry Ridge compressor station pilot, West Virginia), California Resources Corporation (Elk Hills joint project with the University of Houston, targeting 6 MW), and UniSea (Alaska seafood processing, first waste-heat-to-power system in the Alaska seafood industry).
ICE monetizes by retaining ownership of the heat-to-power assets and selling the generated electricity back to clients behind the meter under long-term power purchase agreements, a structure financed primarily through a $150 million expandable project finance facility with Gardner Capital Specialty Capital that leverages Inflation Reduction Act investment tax credits. The company's go-to-market combines direct enterprise field sales with strategic co-development partnerships (CNX, CRC, Baker Hughes Wells2Watts, Orcan Energy) and a small but growing 16-person team covering R&D, process engineering, automation, production, operations, and O&M.
ICE Thermal Harvesting firmographics
Firmographics- Name
- ICE Thermal Harvesting
- Legal name
- ICE Thermal Harvesting, LLC
- Website
- https://ice-th.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ICE Thermal Harvesting is a Houston-based private company that converts industrial waste heat into emissions-free electricity using patented, modular Organic Rankine Cycle systems (ICE PACK) sold behind the meter under long-term power purchase agreements to oil & gas, manufacturing, power generation, and seafood processing clients.
- Ownership category
- akta.pro rank
ICE Thermal Harvesting industry classification
Industry- Product category
- Industrial Heat Recovery Equipment
- NAICS
- Electric Power Generation (22111), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)
Keywords
Where ICE Thermal Harvesting is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ICE Thermal Harvesting business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Behind-the-Meter Power Sales: ICE generates power from industrial waste heat and sells the electricity back to clients behind the meter. Clients benefit from reduced emissions, lower power demand charges, higher operational efficiencies, and enhanced power reliability. Revenue is generated through long-term power purchase agreements with industrial consumers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for heat-to-power systems |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
ICE Thermal Harvesting product offering
Product offeringCore offering
ICE Thermal Harvesting designs, manufactures, and deploys modular, mobile heat-to-power systems (ICE PACK units) that use Organic Rankine Cycle (ORC) technology to convert waste heat from industrial process streams into 24/7 emissions-free electricity. The company sells the generated power back to clients behind the meter under long-term power purchase agreements, serving oil & gas, industrial manufacturing, power generation, and remote/off-grid operators. Plug-and-play deployment requires no civil infrastructure or third-party EPC engagement.
Product overview
ICE Thermal Harvesting offers a single unified product line centered on its patented ICE PACK modular heat-to-power system. The system harvests waste heat from industrial operations and converts it to zero-emission electricity using Organic Rankine Cycle (ORC) technology. The product is modular, mobile, and designed for plug-and-play deployment without civil infrastructure requirements. ICE sells the generated power back to clients behind the meter, serving multiple industries including Oil & Gas, Industrial Manufacturing, and Power Plants.
Differentiator
Problem solved
Functional benefit
Products and services
- ICE PACK (ICEPACK) Modular, mobile heat harvesting unit that captures thermal energy from various process streams (liquid, vapor, or mixed-phase) and converts it to emissions-free electricity using Organic Rankine Cycle (ORC) technology. Designed for plug-and-play use requiring no civil infrastructure or third-party EPC engagement, and sold as part of a power-as-a-service offering where ICE generates and sells electricity back to clients behind the meter under long-term power purchase agreements.
Quantifiable outcome
- Reduces 1,325 metric tons CO2 annually per Phase One site, scaling to nearly 4,000 metric tons CO2 annually with full deployment
- +3 more outcomes
Companies that use ICE Thermal Harvesting
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
ICE Thermal Harvesting technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ICE Thermal Harvesting partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and major.
- UniSeaflagshipICE partnered with UniSea to deploy Alaska's first Waste Heat to Power system in the seafood industry, capturing heat from diesel generators to produce clean electricity. System generated 67 MWh in startup phase and projected to offset 3,500 gallons diesel weekly.
- Baker HughescoreBaker Hughes and ICE are partners in the Wells2Watts initiative, which commissions a geothermal closed-loop test facility to scale renewable electric power. Baker Hughes brings energy technology expertise and global distribution capabilities.
- CNX Resources CorporationcoreCNX Resources partnered with ICE on a pilot project at Dry Ridge compressor station in West Virginia to capture engine exhaust heat and convert it to approximately 0.5 MW of zero-emission power for CNX operations. Project reduces 1,325 metric tons CO2 annually in Phase One, scaling to 4,000 metric tons with full deployment.
- California Resources CorporationcoreICE partnered with CRC and University of Houston on a joint project at CRC's Elk Hills asset to harvest thermal energy from 11 producing wells and convert it to 24/7 emission-free electricity using ORC technology. Project targets 6MW total power production.
- University of HoustonmajorUniversity of Houston partnered with ICE and CRC on the joint project to harvest thermal energy from producing assets and convert it to emission-free electricity.
- Orcan EnergymajorGerman waste heat company Orcan Energy partnered with ICE to enter the US oil and gas market, combining Orcan's waste heat recovery technology with ICE's US market presence and heat-to-power systems.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
ICE Thermal Harvesting competitors and assessment
Company assessmentBroad incumbents
- GE Vernova: Major gas turbine and power generation OEM (LM2500, TM2500 lines) serving utilities and industrial operators. Competes indirectly via power-plant heat-recovery and gas-turbine retrofits relevant to ICE's power-generation vertical.
- Mitsubishi Power: Global gas turbine and ORC/steam power-generation OEM serving utilities and industrial customers. Overlaps with ICE in heat-recovery and geothermal power-generation applications.
- Baker Hughes: Global energy technology incumbent and ICE partner in the Wells2Watts geothermal initiative. Brings scale, capital, and global distribution that ICE can leverage for customer access.
- Caterpillar (Electric Power): Manufacturer of gensets and distributed power solutions used widely in oil & gas and remote industrial operations. Competes with ICE for behind-the-meter power budgets in remote/off-grid segments.
- Siemens Energy: Broad energy technology incumbent offering gas turbines, generators, and grid solutions. Indirect competitor via power-plant heat recovery and adjacent decarbonization offerings.
Emerging players
- Ener-Core: Developer of oxidation-based waste-heat-to-power technology targeting industrial emissions reduction. Adjacent niche player competing for similar industrial decarbonization budgets.
Direct peers
- Turboden (Mitsubishi Heavy Industries): Italian ORC systems manufacturer producing heat-to-power units for industrial, geothermal, and oil & gas applications. Closely comparable technology and target customer base to ICE's ICE PACK.
- ElectraTherm (BITZER Group): ORC-based waste-heat-to-power generator producing low-temperature electricity from industrial waste heat. Competes head-to-head with ICE in modular, behind-the-meter industrial deployments.
- Capstone Green Energy: Manufacturer of microturbine-based distributed generation systems used for combined heat and power, oil & gas, and remote industrial applications. Competes with ICE for behind-the-meter clean-power spend.
- Orcan Energy: Munich-based ORC waste-heat-to-power specialist focused on industrial and O&G applications. Direct competitor that ICE has partnered with for US market entry, indicating close product overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ICE Thermal Harvesting social profiles
Digital presenceICE Thermal Harvesting financial estimates
Financial estimateRevenue estimate
Valuation estimate
ICE Thermal Harvesting leadership team
Management profileNumber of profiles
Profiles13 records
ICE Thermal Harvesting funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ICE Thermal Harvesting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ICE Thermal Harvesting
What does ICE Thermal Harvesting do?
ICE Thermal Harvesting designs, manufactures, and deploys modular, mobile heat-to-power systems (ICE PACK units) that use Organic Rankine Cycle (ORC) technology to convert waste heat from industrial process streams into 24/7 emissions-free electricity. The company sells the generated power back to clients behind the meter under long-term power purchase agreements, serving oil & gas, industrial manufacturing, power generation, and remote/off-grid operators. Plug-and-play deployment requires no civil infrastructure or third-party EPC engagement.
Is ICE Thermal Harvesting a public or private company?
ICE Thermal Harvesting is a private company. It is classified as venture growth investor backed and is currently operating.
When was ICE Thermal Harvesting founded?
ICE Thermal Harvesting was founded in 2021. It employs 1 to 10 people.
Where is ICE Thermal Harvesting based?
ICE Thermal Harvesting is headquartered in Houston, United States, in the North America region.
How does ICE Thermal Harvesting make money?
One revenue line is on record: behind-the-Meter Power Sales.
Who are ICE Thermal Harvesting's main competitors?
Broad incumbents on record are GE Vernova, Mitsubishi Power, Baker Hughes, Caterpillar (Electric Power) and Siemens Energy. Ener-Core is listed as an emerging player. Direct peers are Turboden (Mitsubishi Heavy Industries), ElectraTherm (BITZER Group), Capstone Green Energy and Orcan Energy.
Does ICE Thermal Harvesting have an API?
No public API is recorded for ICE Thermal Harvesting.
What industry is ICE Thermal Harvesting in?
ICE Thermal Harvesting's product category is Industrial Heat Recovery Equipment. Its primary akta.pro industry code is EUABAJAF, Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers). Its NAICS code is 22111 and its SIC code is 4991.