The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Peak Power supplies control platforms to 6MWh of Ontario and New York projects

Sustainable Development Technology Canada logo. The group has put US$1.9 million towards Peak Power’s scaling up of PeakSYNERGY. Image: SDTC Facebook page.

Energy storage services provider Peak Power will supply control platforms to 6MWh of energy storage projects in Ontario and New York, some of which will be funded by Sustainable Development Technology Canada (SDTC).

SDTC funds innovations that assist sustainability goals, ranging from EV batteries to waste management and looking at environmental metrics like air quality and climate change. The agency has awarded Peak Power, which has offices in Toronto and New York, with US$1.9 million funding to scale up its control platform, PeakSYNERGY.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

PeakSYNERGY is designed to optimise energy storage system operation for the benefit of system owners and utility networks alike. It uses software that determines when electricity is at its cheapest or most expensive and charges or discharges the batteries accordingly. Furthermore, the controls platform is designed to enable battery energy storage to perform multiple applications and thus to ‘stack’ revenue streams. It can also allow for the aggregation of multiple customer systems into virtual power plants via interconnection and data and communications links.

In May, Peak Power received investment from commercial real estate company Osmington, founded by Thomson Reuters chairman David Thomson. For the latest project, Peak Power brought on board a consortium that included another real estate company, BGIS, facilities management company Black & McDonald, Toronto utility Alectra and the National Research Council Canada.  

In total, PeakSYNERGY will be deployed at six sites in Ontario and New York, with the projects having a total value of US$5.4 million.

“We are delighted to receive the financial support from SDTC for this project, that will enable much needed showcase projects to help accelerate the market adoption for customer sited energy storage,” Peak Power CEO Derek Lim Soo said.

“Sustainable Development Technology Canada is very proud to support the commercialisation of Peak Power's innovative technology. This project will create green jobs for the local economy, increase efficiency in the sector and provide economic and environmental benefits for all Canadians,” SDTC president and CEO Leah Lawrence said.

Email Newsletter