Fleet Footprint TES has deployed a large Ice Bear installed base (over 1,500 systems) delivering more than 20 MW of behind-the-meter energy storage across 40 utility territories. This footprint creates ready-made opportunities to upsell additional units, expand into new customer segments (utility, commercial & industrial, residential), and provide ongoing asset monitoring and management to boost reliability and recurring revenue.

Resilience Benefits The Ice Bear platform uses ice-based storage to deliver resilient, cost-effective energy storage that supports peak shaving, demand charge reduction, and grid reliability. This makes TES an attractive partner for utilities and commercial customers seeking long-term, maintenance-light storage solutions in markets with aging grids and rising energy volatility.

Managed Services TES owns and operates its own storage fleet and provides ongoing monitoring and management services throughout the assets' life. This enables performance-based contracts and predictable SLAs, helping close opportunities with utilities, commercial & industrial customers, and residential programs that value operations support and long-term value.

Partnership Potential TES emphasizes building on a legacy with partners to unlock the platform’s full potential. Opportunities exist to co-sell, co-develop, or finance projects with OEMs, engineering, procurement and construction firms, utilities, and technology partners, enabling faster deployment and scale beyond internal capabilities.

Financing Options With a lean team and revenue in the low-to-mid single digits, TES can benefit from strategic financing, bundled offerings, and utility procurement programs to accelerate growth. Target focus areas include California and other regions prioritizing distributed storage, where partnerships with financiers, ESCOs, and utilities can expand Ice Bear deployments and recurring services.