Peak Power announced that it is partnering with Oshawa Power. They aim to develop and execute an energy platform; this is to demonstrate how disparate distributed energy resources (DERs) can improve the reliability of a local grid.
Moreover, Ontario’s Independent Electricity System Operator (IESO) funded the project. Also the Ontario Energy Board (OEB) Innovation Sandbox supports it, and sited at Ontario Tech University. In addition, it will use AI-powered cleantech; this is how they’ll show how aggregating clean energy assets can reduce energy costs along with carbon emissions.
Additionally, Peak Power will draw on Oshawa Power’s expertise in creating intelligent energy management tools; with these they can pool together energy storage, electric vehicles, and solar installations into one single resource. The project will show that these energy assets, when aggregated, are a cost-effective means of reducing emissions. Also of improving the reliability of the electricity system.
Likewise, this partnership is only the latest project between the companies funded in part by the IESO’s Grid Innovation Fund. The Peak Power/Oshawa Power project will draw on funding of $1.5 million from the Grid Innovation Fund. Also, an additional $2.9 million from additional funding partners.
CEO statements
“Distributed energy is key to our clean energy future, which is why we’re excited to once again team up with Oshawa Power and IESO to show the benefits of aggregated DERs,” says Derek Lim Soo, CEO of Peak Power. “Our project with Oshawa Power will demonstrate how clean energy assets are strongest when grouped together, and how Peak Power can create the tools needed to do just that. The pilot at Ontario Tech will serve as an example of how increasingly popular but distinct DER assets can reliably power a grid.”
“We’re thrilled to once again work with Peak Power on a project that serves to amplify the benefits of small, renewable energy assets,” says Ivano Labricciosa, President and CEO of Oshawa Power. “As a progressive utility at the forefront of the clean energy transition, we’re constantly looking for ways to modernize our grid and prepare our customers for the net-zero future. Peak Power’s cleantech expertise and the support of IESO will help us learn more about the best ways that DERs can support the needs of our grid.”
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Peak Power
Peak Power is a Canadian climate tech company. They have a core focus on energy management and energy storage. In addition, their flagship software, Peak Synergy, provides decarbonization solutions for commercial real estate and industrial customers.
Oshawa Power Utilities and Corporation
Oshawa Power and Utilities Corporation is a wholly-owned company of the great City of Oshawa.
