Peak Power, Inc. has been selected to receive $1.9 million of funding from SDTC to support the scale up of their Peak SYNERGYcontrols platform across six customer sited energy storage projects in Ontario, Canada and New York, US. The total value of project is $5.4 million.
This project will enable Peak Power to scale and deploy its Peak SYNERGYT controls platform, a proprietary system that optimizes the operation of energy storage systems to maximize the potential benefits for both building owners and utilities. Peak Power’s software responds to market signals and predicts the most efficient times to charge and discharge the battery. The software enables the stacking of numerous revenue streams for individual sites as well as the aggregation of numerous sites into a Virtual Power Plant for participation in wholesale electricity markets. This project will also receive contributions from consortium partners: BGIS, a Brookfield Company, Black & McDonald, Alectra, Inc., and National Research Council Canada.