A refrigerant-subcooling refrigeration system consisted of a typical single vapor-compression refrigeration cycle, a subcooler, and an ice storage tank. The degree of subcooling at the exit of the condenser can be increased by the heat exchange between the subcooler and the ice storage tank. The cold heat in the ice storage tank was stored by using the refrigeration cycle during night time and then used to absorb the heat from the subcooler during daytime. The performance of the refrigerant-subcooling refrigeration system was measured by varying the degree of subcooling. In addition, the performance characteristics of the present system were compared with those of a conventional refrigeration system. The mass flow rate of the present system was higher than that of the conventional system due to the increase in the degree of subcooling. Generally, the refrigerant-subcooling system showed superior performance to the conventional refrigeration system.