Toronto: Energy storage service provider Peak Power Inc., announced August 9 that it had been selected to receive $1.9M of funding from SDTC to support the scale up of their Peak SYNERGYTM controls platform across six customer-sited energy storage projects in Ontario and New York. The total value of project is $5.4M.
This project will enable Peak Power to scale and deploy its Peak SYNERGYTM 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.
The project will also receive contributions from consortium partners: BGIS, a Brookfield Company, Black & McDonald, Alectra, Inc., and National Research Council Canada.