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Peak Power
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Short description

Deploys, operates, optimizes, and maintains energy storage for industrial facilities, commercial buildings, and battery storage developers to improve profitability

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Toronto, ON Toronto, Canada
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Updated by Elaine Kwok at Peak Power on 05/09/2024

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Date Company
10/01/2022

Lactalis Canada Lactalis Canada

Peak Power is providing battery development and operation services to several Lactalis Canada sites in Ontario. The projects will reduce energy costs and scope 2 emissions.

Confirmed by Lactalis Canada

Partnerships
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Date Partner Type
07/12/2022
SWTCH SWTCH
Peak Power and SWTCH have integrated their industry-leading software solutions. This integration enables participating EV chargers on the SWTCH network to seamlessly interact with and respond to Peak Power’s advanced energy management system, Peak Synergy, managing usage during periods of high energy demand and unlocking substantial cost efficiencies during fluctuations in energy prices.
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Confirmed by SWTCH
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IPO INFORMATION

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IPO status

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Description

Date Investors Type Amount
05/22/2023 Greenbacker Capital Greenbacker Capital , Hatch Aquaculture Accelerator Hatch Aquaculture Accelerator , Sensata Technologies Sensata Technologies , Osmington Inc Osmington Inc , BDC Capital BDC Capital , The Atmospheric Fund The Atmospheric Fund , Export Development Capital Export Development Capital (7)
Post-money valuation of
The company intends to use the funds to ramp up its expansion into the US, hire for critical roles, and continue to develop its software capabilities.
Growth Equity $35,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Peak Synergy

Our flagship software, Peak Synergy, provides energy management solutions for commercial real estate and industrial customers by optimizing battery energy storage systems, grid-interactive buildings, and electric vehicles. Peak Synergy enables customers to minimize operational costs, reduce emissions, and sell energy back to the grid.

Wide Commercial Availability Subscription
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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