What Peak Power does

Peak Power is a Toronto-based private cleantech company, founded in 2015/2016, that develops AI-enabled software to optimize behind-the-meter battery energy storage systems at large commercial and industrial facilities. The company operates in four North American electricity markets (IESO in Ontario, NYISO in New York, ISO-NE in Massachusetts, and CAISO in California) with a fleet of 23 battery storage sites and approximately $30M in batteries under management. Its named customer base spans food manufacturing (Lactalis Canada), commercial real estate owners and operators (Menkes, Starlight Investments, GHP Realty, Bloor Islington Place, Dream Unlimited, Colliers), energy generators (Diamond Generating Corporation, Bruce Power/Saturn Power), and facility managers (BGIS), with cumulative documented outcomes including $714K of savings at Lactalis, $1.59M at GHP Realty, $656K at Diamond Generating, and 6,048 tonnes of CO2e avoided at the Kearny Mesa project.

The product platform rests on three proprietary technology layers: GridPredict, a coincident-peak forecasting engine with independently verified 97.1% accuracy from 2017-2023 that processes over one billion data points daily; Peak Synergy, a battery dispatch optimization service; and the DERA (Distributed Energy Resource Aggregator) platform that aggregates batteries, EVs, and grid-interactive buildings into virtual power plants. Peak Drive extends the stack into vehicle-to-grid services, with 117 V1G chargers deployed (21 of them bi-directional), and a separate Virtual Power Plant offering was demonstrated in 2020 across 8 buildings, 4 batteries, and 12 EVs that generated over $10,500 in a single four-hour event.

Peak Power generates revenue through a shared-savings, zero-upfront-capex model in which it installs, owns, and operates battery assets at customer sites and retains a share of energy cost savings, demand-charge reductions, and demand-response program payments. Customers are guaranteed a minimum of $70,000 in annual savings per MW, with the company generating up to $226,000 per MW of annual value. The company is venture-backed, having closed a $35M USD Series A in 2023 led by Greenbacker Capital Management, supplemented by CAD-denominated grants from Sustainable Development Technology Canada ($5M CAD for DERA), Natural Resources Canada ($765K for EV chargers and over $13M in 2025 for Smart Grids), and several earlier Canadian public and private investors including BDC Capital, Export Development Canada, Hatch, Sensata Technologies, and The Atmospheric Fund.

Name

Peak Power

Legal name

Peak Power Inc.

Website

https://peakpowerenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Peak Power is a Toronto-based AI software company that optimizes behind-the-meter battery storage for large commercial and industrial facilities across North America, generating revenue through a zero-capex shared-savings model spanning demand-charge reduction and grid services markets.

Ownership category

akta.pro rank

Product category

Battery Energy Storage Optimization Software

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ)

akta.pro secondary industry

Battery Recycling, Second-Life & End-of-Life Handling Services (TLAKAMAD)

Keywords

• Battery energy storage
• Demand response software
• Virtual power plants
• Energy management software
• Grid optimization services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Shared Savings / Performance-Based: Customers pay zero upfront capital costs. Peak Power installs, owns, and operates battery storage systems at customer facilities. Revenue is generated by retaining a percentage of the energy cost savings and demand charge reductions achieved through AI-optimized battery dispatch. Peak Power also earns revenue from demand response program payments and grid services when batteries are dispatched for utility grid support.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Peak Power develops and operates AI-enabled battery energy storage optimization software for large commercial and industrial facilities. The company installs, owns, and operates battery storage systems at customer sites at zero upfront cost, then uses proprietary AI software (GridPredict, Peak Synergy, DERA Platform) to optimize battery dispatch for peak demand charge reduction, demand response participation, and grid services revenue. Revenue is generated through a shared-savings model where Peak Power retains a portion of the energy cost savings and grid services revenue it creates for customers.

Product overview

Peak Power is a cleantech company offering an integrated platform of battery energy storage and distributed energy resource solutions. The core offering is Battery Energy Storage System Development—a zero-capex, end-to-end solution using a 5-step development process (feasibility, project management, financing, construction, operation). This core product is powered by proprietary AI-enabled software and paired with optimization services including Battery and Energy Optimization, GridPredict (coincident peak notifications), and Energy Management Services. The product suite also includes innovation offerings such as Peak Drive (vehicle-to-grid technology) and Virtual Power Plant aggregation software. All solutions leverage industry-leading peak forecasting (>90% accuracy) and enable customers to participate in energy markets, reduce costs, and pursue sustainability goals.

Differentiator

Problem solved

Functional benefit

Brands

• GridPredict: Coincident peak notifications service that provides actionable insights for proactive energy management, using proprietary software to predict grid peak events.
• Peak Drive
• Peak Synergy
• DERA Platform
• 4D Energy Strategy

Products and services

• Battery Energy Storage System Development End-to-end battery storage solution providing zero-capex battery deployment for large commercial and industrial facilities through a 5-step process: feasibility assessment, project management, financing, construction, and battery operation. Delivered via shared savings model that aligns Peak Power's incentives with customer success, with Peak Power installing, owning, and operating the battery assets.
• Battery and Energy Optimization Full-service battery operation and optimization service for facilities with existing battery assets, using AI-enabled software achieving over 90% peak prediction accuracy to maximize energy cost savings and revenue opportunities across demand charge reduction, demand response, and grid services.
• GridPredict (Coincident Peak Notifications) Coincident peak notification service providing day-before, morning-of, and 4-hour advance alerts with varying likelihood degrees for 4-hour grid event windows. Features 97.1% independently verified forecasting accuracy (2017-2023), with alerts delivered via email, SMS, or JSON format for automated controls integration.
• Peak Drive (Vehicle-to-Grid) Electric vehicle smart charging and vehicle-to-grid technology enabling EVs to act as mobile energy storage units. Includes bi-directional charging that allows vehicles to participate in grid markets and generate revenue of approximately $8,000 CAD per vehicle per year. The Peak Drive pilot project features 21 bi-directional chargers in three commercial office buildings in Toronto.
• Virtual Power Plant (VPP) Coordination software that aggregates distributed energy resources including batteries, electric vehicles, and buildings into a unified grid-interactive system. Demonstrated capability to create $10,500+ value in 4-hour demand response events, including a 2020 Toronto demonstration that orchestrated 8 buildings, 4 batteries, and 12 EVs.
• Energy Management Services Battery energy storage management services enabling existing batteries to provide energy services back to the grid. Includes real-time automation controller (RTAC) installation and 24/7 remote operations from Peak Power's Toronto facility, with advanced algorithms that stack value streams from demand charge reduction and grid program participation.
• EV Charger Management Smart EV charger management service for facilities, utilities, and fleet operators. Includes charger installation coordination, intelligent load management, and battery co-location for maximizing ROI on charging infrastructure. Powers 117 V1G EV chargers with 21 bi-directional units deployed to date.

Quantifiable outcome

• Annual value generation of $226,000 per MW of battery capacity deployed
• +6 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Alectra Inc.minorStrategic or Co-development PartnerOntario electricity distribution company collaborating with Peak Power on NRCan-funded projects; part of broader government energy initiative.
• Enova Power Corp.minorStrategic or Co-development PartnerOntario energy company collaborating with Peak Power on NRCan government funding initiatives.
• Dream UnlimitedcoreStrategic or Co-development PartnerStrategic partner hosting 21 bi-directional and 117 total EV chargers at their buildings; generating ~$8,000 CAD annual revenue per vehicle; demonstrates EV-to-building integration capabilities.
• Dream UnlimitedminorStrategic or Co-development PartnerCommercial real estate developer hosting EV charging infrastructure integrated with Peak Power's battery optimization platform.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stem, Inc. AI-driven energy storage and VPP platform for commercial and industrial customers. Closely comparable to Peak Power in target segment (C&I), AI-based dispatch optimization, and shared-savings / no-upfront-cost commercial model.
• GridPoint: Energy management platform for commercial buildings with onsite storage, EV charging, and demand response capabilities. Comparable in customer base (multi-site commercial portfolios) and energy optimization software stack.
• Voltus: VPP operator that aggregates distributed energy resources (batteries, EVs, building loads) to sell demand response and grid services into multiple ISO/RTO markets. Closely comparable in multi-market DER aggregation and revenue-stack strategy.

Broad incumbents

• sonnen (Shell): Residential and commercial battery storage plus virtual power plant aggregation (sonnenVPP). Comparable in storage-plus-VPP offering and shared savings-style business models; broader geographic reach backed by Shell.
• Fluence Energy: Global energy storage products and services provider with grid-scale and C&I deployments and an AI-driven energy management platform (MosaicOS). Comparable in storage + software stack but operates at much larger utility scale than Peak Power.
• AutoGrid (Schneider Electric): DERMS and VPP aggregation platform, acquired by Schneider Electric. Directly comparable on AI-driven DER optimization and VPP, with much broader geographic reach and deeper enterprise software integration via Schneider's EcoStruxure.
• Tesla Energy: Provider of Powerwall, Megapack, and Autobidder VPP software — a major incumbent in commercial battery storage and grid services optimization. Indirect competitor on software-defined dispatch but at vastly larger scale and capex.
• Enel X (Joules / Enel X Way): Demand response, energy storage, and EV charging solutions from a major global utility group. Comparable in commercial demand response and storage aggregation across multiple ISOs, with substantially larger balance sheet.

Emerging players

• Carbon Lighthouse: Performance-based energy optimization for commercial real estate portfolios. Comparable in CRE-focused, shared-savings/no-capex go-to-market and outcome-based contracting, though without the battery storage ownership model.
• SWTCH Energy: Smart EV charging management platform for commercial real estate. Named technology/integration partner of Peak Power on EV projects; comparable in CRE-focused EV charging optimization and demand management adjacent to Peak Drive.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/peakpower_inc
• LinkedInlinkedin.com/company/peak-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds12 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peak Power