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Peak Power
Software company that enables intelligent energy in smart cities
About Peak Power
Peak Power is a Canadian cleantech company with a presence in the US that specializes in the development and management of distributed energy resources. The company's primary focus is on providing energy storage solutions to commercial and industrial clients, helping them to reduce their energy costs and enhance their energy efficiency.
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Peak Power's business model is centered around the deployment of battery energy storage systems (BESS) and the use of its proprietary AI-powered software, Synergy™, to optimize energy usage. The company's software forecasts peaks in energy demand, allowing its clients to draw from their stored energy during these times and avoid high peak demand charges from utilities. Additionally, Peak Power's software enables its clients to participate in demand response programs, generating additional revenue by selling excess energy back to the grid.
The company's services cover the entire lifecycle of an energy storage project, from initial assessment and system design to financing, installation, and ongoing maintenance. Peak Power's target market includes large-scale industrial and commercial facilities, real estate portfolios, and utilities. By offering a comprehensive, turnkey solution, the company aims to simplify the process of adopting energy storage technology for its clients.
At a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Toronto, Canada
- Employees
- 82
- Open positions
- 7
- Dealroom signal
- 71.2/100
- Industry
- Real Estate, Energy
- Sub-industry
- Energy Efficiency
- Sector
- Energy, Sustainable Development Goals, Urban Tech, Climate Tech, Stationary Energy Storage, Building Energy Efficiency, Green Buildings, Building Energy Management, Grid Technology, Hard Tech
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Peak Power.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | May 2023 | $35M | $140M | Greenbacker Capital · BDC Capital · Hatch · Sensata Technologies | ↗ |
| PROJECT, REAL ESTATE, INFRASTRUCTURE FINANCEOther financing | Feb 2023 | $200M | — | Madison Energy Investments | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Peak Power is 5.4K monthly website visits, up 28.6% over the last three months. Peak Power's team declined 2.4% over the past year.
Open positions
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed9 investors entered at this stage
MaRS Investment Accelerator Fund
Ontario Centre of Innovation
Osmington
Low Carbon Innovation Fund
National Research Council Canada
FedDev Ontario
Independent Electricity System Operator
Natural Resources Canada
Sustainable Development Technology Canada
Series A3 investors entered at this stage
Sensata Technologies
Export Development Canada
The Atmospheric Fund (TAF)
Series B and later3 investors entered at this stage
Greenbacker Capital
BDC Capital
Hatch
Other known investors2 additional known investors
Madison Energy Investments
New Energy Nexus
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Peak Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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