Apr 7

Ice Energy and Trane to Deliver Peak Power Relief to California Grid
Under PG&E; ‘Shift & Save’ Program, Companies Partner to Deliver Market Transforming Technology

Windsor, Colo. – April 7, 2008 – Ice Energy®, the premier provider of hybrid cooling technologies, and Trane, a leading global provider of indoor comfort systems and comprehensive facility solutions, will partner to shift peak power loads under Pacific Gas and Electric Company’s (PG&E;) recently implemented ‘Shift & Save’ Program.

Part of the California Public Utility Commission’s (CPUC) new permanent load shifting (PLS) program, ‘Shift & Save’ can reduce peak demand by up to 1.2 MW. Participating bundled service customers will receive rebates for the installations, in addition to the savings they will receive from reduced power consumption at peak times.

Ice Energy and Trane will retrofit commercial buildings within PG&E;’s territory and install advanced cooling systems, including Ice Energy’s Ice Bear® unit, that shift air conditioning load to off-peak hours.

“The partnership between Ice Energy, Trane and PG&E; represents one of the first major initiatives by California that shifts load from air conditioners,” said Frank Ramirez, CEO of Ice Energy. “With Trane, we’re offering a comprehensive solution that makes building occupants more comfortable while being responsible to the power grid and the environment.”

Trane will provide turnkey system design, installation, measurement and verification, controls and post-installation preventative maintenance services for each installed system, along with training for customers and sub-contractors. The PLS systems are mechanical cooling systems that operate and use electricity at night, during off-peak hours, to store thermal energy when electricity is in low demand and offered at a lower cost for the customer. The stored thermal energy is then utilized by the customer to satisfy the cooling load during the day, or during peak hours, when electricity is in the highest demand and at the highest cost to the customer.

“Together, we’re providing a comprehensive package of systems and services that are responsible to the environment and good for business,” said John Burdette, Trane’s PLS ‘Shift & Save’ Program Developer. “These systems will help PG&E; customers achieve cost reductions in their energy bill, while also helping them achieve LEED Certification, Title 24 Compliance, and overall reduction of their carbon footprint.”

About Ice Energy, Inc.
Ice Energy® is an energy technology company focused on energy storage and advanced hybrid cooling and refrigeration products and technologies. The company manufactures and markets a new Ice Storage Air Conditioner (ISAC) product line for residential and commercial applications that addresses the increasing demand for electricity. Ice Energy’s products shift the largest component of residential and commercial peak demand -- air conditioning -- from expensive “on-peak” times of the day to “off-peak” periods, when energy is less expensive and less polluting. Approved as an optional compliance measure for California’s Title 24 building energy efficiency standards, the Ice Bear® system provides superior cooling comfort while significantly reducing the cost of energy. For more information visit www.ice-energy.com or call 877-542-3232. Ice Energy and Ice Bear are registered trademarks of Ice Energy, Inc.

About Trane
Trane Inc. (NYSE: TT) provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions. The company’s HVAC systems and services have leading positions in premium commercial, residential, institutional and industrial markets; a reputation for reliability, high quality and product innovation; and a powerful distribution network. Trane’s 2007 annual revenues were approximately $7.45 billion and the company has about 29,600 employees worldwide. For more information, visit these Web sites: www.trane.com and www.americanstandardair.com.

On Feb.1, 2007, Trane, then known as American Standard Companies and traded on the New York Stock Exchange (NYSE) under the symbol “ASD,” announced plans to separate its three businesses. On July 31, 2007, the company completed the spinoff of its Vehicle Control Systems business as an independent company known as WABCO (NYSE:WBC). On Oct. 31, 2007, the company sold its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC. On Nov. 28, 2007, the company changed its name to Trane to reflect its focus on its remaining business, Air Conditioning Systems and Services. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR). The agreement is expected to be finalized in the second quarter of 2008.

For PG&E; Bundled Customers, Contact:
John J. Burdette
916-577-1114
jjburdette@trane.com

Press Contacts:
Alanna Gino
Antenna Group (for Ice Energy)
415-977-1918
alanna@antennagroup.com

Perri Richman
Trane
732-980-6386
prichman@americanstandard.com.