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Overview
Peak Power manages distributed energy resources by deploying battery storage systems and AI-powered software for commercial and industrial clients. The company's Synergy™ software forecasts high-demand periods, allowing users to draw from stored battery power to avoid utility charges or sell excess energy back to the grid. Unlike many competitors, Peak Power provides a comprehensive turnkey service that handles everything from system design and financing to installation and long-term maintenance. The company's goal is to simplify the adoption of energy storage technology to help large-scale facilities reduce costs and improve energy efficiency.
About Peak Power
Industries
Data & Analytics
Energy
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$249.7M
Headquarters
Toronto, Canada
Founded
2015
Simplify's Take
What believers are saying
- $200M MEI partnership accelerates US storage deployments since February 2023.
- $35M USD financing funds US expansion and critical hires.
- Katherine Hamilton from 38 North joined board for policy expertise.
What critics are saying
- Tesla Autobidder erodes NYISO market share within 6-12 months.
- FERC Order 2023 strands 100+ MW projects in 5-year queues.
- MEI terminates $200M deal after 50 MW due to Synergy underperformance.
What makes Peak Power unique
- Synergy™ AI software achieves over 90% peak prediction accuracy.
- Zero-capex financing via partnerships removes client upfront costs.
- End-to-end BESS lifecycle from assessment to maintenance.
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Funding
Total Funding
$249.7M
Above
Industry Average
Funded Over
10 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Sick Leave
Mental Health Support
Professional Development Budget
Company Social Events
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 1%Katherine Hamilton, Chair of 38 North, has been appointed to the Board of Peak Power, Inc., a cleantech company headquartered in Toronto that focuses on software solutions and aggregating distributed energy resources, especially energy storage.
Peak Power, a Toronto, Canada-based cleantech company that provides energy optimization software and services, raised USD$35M in funding.
With this funding, Peak Power plans to further expand across the US, hire for “critical roles,” and continue to develop its software.
The Canadian Business Journal is Canada's Leading Online Business Magazine for the Leaders in Canadian Industries who want to stay informed of Current Business Topics and Trends.
Saturn Power and Peak Power collaborated to develop a custom solution to enable BTM distribution-connected energy storage projects to offer Operating Reserve capability.
Peak Power is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Peak Power
Industries
Data & Analytics
Energy
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$249.7M
Headquarters
Toronto, Canada
Founded
2015
Peak Power is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today