Abstract A functional fluid was made by adding a small amount of additive to a water–silicone-oil mixture with 90 vol% water content, and the functional fluid was transformed into an ice slurry by cooling while stirring. The new ice formation system, which authors proposed for ice storage based on the results of previous studies, demonstrated that the ice slurry could be formed continuously for 10 h. In the current paper, experiments were carried out, varying operating conditions, and an optimal operating condition was determined to improve performance of the present system still more. From the experimental results, the conditions necessary to increase the amount of recovery ice were clarified. The time-dependencies of the shape and size of formed ice particles were also shown. Moreover, the reason why the freezing temperature of the functional fluid rose due to repetition of ice formation was clarified, and its measure was discussed. The present study then found that it was possible to form and recover a larger amount of ice than in previous attempts, given the rise in freezing temperature.