Peak Power develops and manages battery energy storage systems (BESS) for commercial and industrial facilities, enabling them to reduce energy costs and achieve net zero goals without upfront investment. The company optimizes battery operations through proprietary software, addressing the inefficiencies of centralized electricity systems and supporting the transition to decentralized clean energy.
Funding
$250.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial and industrial facilities face challenges in managing energy costs and achieving net-zero goals due to the inefficiencies of centralized electricity systems and the increasing demand for electricity. High upfront costs and the complexities of coordinating with utilities and construction firms further hinder the adoption of energy storage solutions.
Solution
Peak Power provides an end-to-end solution that enables commercial and industrial (C&I) facilities to reduce energy costs and pursue net-zero goals through the deployment, operation, and optimization of battery energy storage systems (BESS). They offer a no-cost option through financing partners, managing the entire process from project development to ongoing maintenance. Their proprietary Peak Synergy software optimizes battery charging and discharging, balancing energy market value stacks with customer goals to maximize both economic and environmental benefits.
Target Audience
The primary target audience includes commercial real estate, industrial facilities, and energy storage developers seeking to reduce energy costs, improve grid resiliency, and achieve sustainability objectives.
Features
- Turn-key BESS solutions for C&I facilities, including financing, development, and project management.
- Proprietary Peak Synergy software for real-time optimization of battery operations.
- Peak prediction and asset dispatch services for demand response events.
- Coordination with utilities, local authorities, and construction firms for seamless installation.
- Optimization for both economic benefits (e.g., global adjustment reduction, ICAP savings) and environmental goals.
- 97% performance accuracy in predicting peak demand.