Cooling as a Service: The Shift from Equipment Ownership to Outcome-Based Partnerships in Industrial Refrigeration
CaaS transfers operational risk to the supplier, who owns and operates the system while the customer pays a fixed rate per kW of cooling capacity. The model incentivises efficiency gains, natural refrigerant adoption, and ESG-aligned reporting. A 10 MW two-stage ammonia plant at Clover SA in South Africa achieved 40% cost savings under this arrangement.
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