What Glaciem Cooling Technologies does

Glaciem Cooling Technologies is a privately-held South Australian engineering company, founded in 2008 and headquartered in Adelaide, that designs, manufactures, and commissions industrial and commercial CO₂ (R744) refrigeration, heating, and thermal energy storage systems for supermarkets, food processors, cold-chain operators, and public facilities across Australia, New Zealand, and Singapore. Its core product portfolio comprises CO₂ industrial heat pumps (from 43 kW through to a 1,800 kW multi-mode unit), commercial CO₂ heat pumps for HVAC and water heating, and Phase Change Material Thermal Energy Storage (PCM TES) units such as the Thermcold DYN series providing 1-4 MWh of storage. The company's technical differentiation rests on its globally patented Dew Point CO₂ (DPCO₂) air-side heat exchanger technology - which improves transcritical CO₂ cycle efficiency in hot climates by approximately 20% versus adiabatic gas coolers and cuts peak electrical demand by more than 30% - and on the Advanced Control Forecasting Algorithm (ACFA) co-developed with the University of South Australia for real-time TES optimisation against wholesale electricity pricing and renewable generation forecasts.

The company operates an enterprise field-sales go-to-market in which each project is treated as a custom engineered solution: a detailed techno-economic analysis and system-performance model precedes design, manufacture, installation, and commissioning. Revenue is generated from two streams - the sale of hardware (heat pump, TES, and DPCO₂ systems) and engineering/professional services tied to system delivery. Pricing is project-specific with no publicly disclosed price list, and the model relies on non-dilutive grant co-funding (ARENA, EECA GIDI, Coles Innovation Fund, AusIndustry, TechInSA) to derisk flagship commercial demonstrations. The customer roster includes tier-one Australian enterprises such as Coles, Woolworths, Baiada Poultry, Pernod Ricard, WoolWorks, OJJ Foods (Singapore), WF Montague, Murray River Organics, Reef HQ Townsville, and Oatmill Cinema, alongside public-sector deployments, with multiple AIRAH, Engineers Australia, Eureka Prize, and CNN HVACR award wins anchoring commercial credibility in the Australian HVAC&R and industrial decarbonisation markets.

Glaciem's strategic positioning targets the simultaneous regulatory pressure on high-GWP synthetic refrigerants, rising reclaimed-R22 prices, electrification mandates replacing natural-gas process heating, and renewable-energy export constraints facing industrial sites. By integrating high-temperature CO₂ heat pumps (up to 90°C hot water) with PCM thermal storage and forecasting-driven controls, the company markets a path to decarbonise heating and cooling, lower peak demand, and unlock energy-market revenue for customers - though its current commercial scale remains small (1-10 listed employees), with growth driven project-by-project rather than through recurring volume contracts.

Name

Glaciem Cooling Technologies

Legal name

Glaciem Cooling Technologies

Website

https://glaciemcooling.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Industrial HVAC and Refrigeration Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Industrial Heat Pumps & Mechanical Vapor Recompression (Low–Mid Temp Heat) (EUABAJAB)

akta.pro secondary industries

High-Temperature Process Heat Electrification (E-Boilers, E-Furnaces, Induction, Plasma) (EUABAJAA), Chillers & Cooling Plant Equipment (IMAHAKAE), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• CO2 heat pumps
• Thermal energy storage
• Industrial refrigeration systems
• Natural refrigerant cooling
• HVAC decarbonisation solutions

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Equipment and System Sales: Sale of engineered CO₂ heat pump systems, thermal energy storage units, and DPCO₂ refrigeration systems. Systems are custom-designed, manufactured, installed, and commissioned for each client project. Revenue is project-based with significant engineering and installation components.
2. Engineering and Professional Services: Includes detailed techno-economic analysis, system-performance modelling, design, commissioning, and ongoing support services tied to system installations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Glaciem Cooling Technologies designs, manufactures, and commissions engineered CO2 (R744) industrial and commercial heat pumps, patented Dew Point CO2 (DPCO2) refrigeration systems, Phase Change Material Thermal Energy Storage (PCM TES) units, and transcritical CO2 booster refrigeration systems. Solutions are custom-engineered, installed, and commissioned for commercial and industrial customers seeking to replace fossil-fuel boilers and synthetic refrigerants, reduce peak electrical demand, and integrate renewable energy.

Product overview

Glaciem Cooling Technologies offers an integrated portfolio of CO₂ heat pump, thermal energy storage (TES), and patented DPCO₂ refrigeration solutions. The core product line includes industrial and commercial CO₂ heat pumps (ranging from 43kW to 1800kW heating/cooling capacity), CO₂ booster refrigeration systems for various temperature applications, and Phase Change Material thermal energy storage units (Thermcold DYN series providing 1-4 MWh storage). The proprietary Dew Point CO₂ (DPCO2) technology enhances system efficiency in hot climates. An add-on Advanced Control Forecasting Algorithm (ACFA) enables dynamic optimization of TES operation using real-time energy pricing and demand forecasting. Together, these products enable businesses to electrify heating, shift cooling loads to off-peak periods, reduce peak demand, and unlock energy market opportunities while transitioning away from synthetic refrigerants.

Differentiator

Problem solved

Functional benefit

Products and services

• CO2 Industrial Heat Pumps Industrial-scale CO2 (R744) heat pumps delivering efficient heating and cooling in a single system, replacing fossil-fuel boilers with hot water temperatures up to 90°C and simultaneous cooling capability, with coefficient of performance (COP) ranging from 5 to 8. Targeted at industrial customers such as food processing, dairy, wool scouring, and horticulture facilities needing to decarbonise process heat.
• Dew Point CO2 (DPCO2) Refrigeration Systems Patented globally patented air-side heat exchanger refrigeration system that optimises CO2 system efficiency across climates, lowering energy use and boosting reliability. Increases CO2 system efficiency by approximately 20% and cuts peak electrical demand by more than 30% compared to traditional adiabatic gas coolers. Targeted at supermarkets, commercial buildings, and industrial facilities operating in hot climates.
• Phase Change Material Thermal Energy Storage (PCM TES) Systems Thermal energy storage systems that capture and store cooling energy using non-chloride phase change materials with dynamic melt technology for 20+ year design life, reducing peak demand, stabilising operations, and enabling energy-market participation. Targeted at supermarkets, food processing, and renewable-integrated facilities needing to shift cooling loads off-peak.
• Commercial CO2 Heat Pumps Compact CO2 heat pumps for commercial buildings providing direct simultaneous cooling and direct hot water production from a single system, with proven deployments in cinemas and supermarkets. Targeted at commercial building operators seeking a single integrated HVAC and hot water system.
• CO2 Booster Refrigeration Systems High-efficiency transcritical CO2 booster refrigeration systems delivering medium-temperature, low-temperature, and ultra-low-temperature cooling capabilities for supermarkets, food distribution, cold storage, food processing, and low-temperature industrial applications. Targeted at cold chain operators and food processors needing reliable refrigeration across temperature ranges.
• Thermcold DYN Series PCM Thermal Energy Storage Units PCM thermal energy storage unit models offering approximately 1 MWh (DYN 420) and 2 MWh (DYN 900) of thermal energy storage capacity, integrated with CO2 refrigeration and heat pump systems to capture and reuse cooling or heating energy. Targeted at commercial and industrial installations seeking to shift loads and reduce peak demand.
• Engineering and Professional Services Custom engineering services including detailed techno-economic analysis, system-performance modelling, system design, commissioning, and ongoing support services bundled with each engineered system installation. Targeted at enterprise customers requiring site-specific solution design and post-installation support.

Quantifiable outcome

• 65% reduction in CO₂ emissions compared to traditional R404A systems
• +7 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• University of South Australia (UniSA)coreStrategic or Co-development PartnerCollaboration on development of Advanced Control Forecasting Algorithm (ACFA) with support from ARENA's Advancing Renewables Program. UniSA independently monitored the Coles Norwood DPCO₂ installation performance, validating 19.6% reduction in refrigeration electricity consumption.
• Far East Group (FEG)coreImplementation/ SI/ Consulting PartnerPartnership with Glaciem to deliver CO₂ refrigeration solutions for OJJ Foods Singapore facility, with FEG providing system integration and local project delivery.
• Protech Air Conditioning & Electrical SolutionsminorImplementation/ SI/ Consulting PartnerInstallation partner for Woolworths Gordon CO₂ HVAC upgrade project, providing electrical and air conditioning installation services.
• Beaton's HVAC & RefrigerationminorImplementation/ SI/ Consulting PartnerInstallation partner for Woolworths Gordon CO₂ HVAC upgrade project, providing HVAC and refrigeration installation services.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• EnergyNest: Norwegian provider of thermal energy storage (HEATCRETE) modules for industrial and commercial applications. Direct peer in the thermal energy storage side of Glaciem's offering, serving comparable decarbonisation use cases for industrial process heat and waste-heat recovery.
• Efficient Energy GmbH: German manufacturer of high-temperature CO₂ industrial heat pumps for process heat, district heating, and commercial applications. Direct peer in CO₂-only heat pump technology targeting industrial decarbonisation, with comparable product positioning to Glaciem's industrial CO₂ heat pump line.
• Frascold: Italian manufacturer of semi-hermetic and CO₂ compressors widely used in transcritical refrigeration and heat pump systems. Direct comparable as a specialist supplier of CO₂ compression technology for industrial and commercial refrigeration applications.
• Star Refrigeration: UK-based industrial refrigeration engineering firm specialising in bespoke low-GWP and natural-refrigerant systems including CO₂ and ammonia. Comparable as a project-engineered industrial refrigeration and heat pump specialist serving food processing, cold storage, and industrial customers.
• Mayekawa (MYCOM): Japanese industrial refrigeration specialist and one of the most established CO₂ (R744) heat pump and refrigeration system manufacturers globally. Highly comparable to Glaciem as a focused industrial natural-refrigerant engineering and equipment company.

Broad incumbents

• Danfoss: Danish HVAC&R component and systems supplier with extensive CO₂ refrigeration controls, valves, and compressor offerings. Comparable as an enabler of the same transcritical CO₂ architectures Glaciem builds, with broader product portfolio.
• Trane Technologies: Global HVAC and refrigeration major focused on decarbonisation and lower-GWP systems. Overlaps with Glaciem in commercial and industrial heating/cooling electrification, but as a broad incumbent across many product categories.
• Carrier (Commercial Refrigeration): Global HVAC&R incumbent with significant CO₂ and natural-refrigerant refrigeration offerings for supermarkets and food retail. Broad incumbent competing in many of Glaciem's supermarket and cold-chain segments with much larger R&D and channel scale.
• Bitzer: Global compressor manufacturer whose CO₂ compressor range underpins transcritical and subcritical refrigeration systems. Indirectly comparable as the enabling component supplier that powers many of the same end-system architectures Glaciem delivers.
• Panasonic (HVAC & Refrigeration): Major global HVAC&R player with strong CO₂ commercial refrigeration product portfolio (booster systems, transcritical racks). Overlaps with Glaciem's supermarket and commercial refrigeration offerings but at vastly larger scale and broader geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Glaciem Cooling Technologies