Abstract: This publication describes a method and apparatus for the utilization of heat energy released in a cooling process. In accordance with the method, air used as the heat transfer medium is routed to a compressor (2) in which compressor (2) the air is compressed to a higher pressure, the compressed air is cooled to a lower temperature, the cooled air is routed to a turbine (8), where it expands to a lower pressure and cools down, and air expansion work released in the turbine (8) is used for rotating the compressor (2). In accordance with the invention, air is compressed in the compressor (2) to such a high pressure that its temperature exceeds a minimum temperature of water boiling point in normal atmospheric pressure, the high-pressure compressed air is cooled to a sufficiently low temperature, e.g., below 15.degree. C.