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Derek Lim Soo, CEOPeak Power’s unique value proposition in the energy storage solutions landscape is defined by their analytics platform—SynergyTM. The solution leverages hundreds of predictors as well as data from sensors to foresee the optimal time to charge and discharge a battery within a facility. The software maximizes existing energy revenue streams and enables the clients to adapt to future market changes to gain additional revenue streams.
For customers across the northeastern US and Canada, just eight hours of peak demand each year can represent up to 75 percent of their annual energy costs. “We target the hours of peak demand with our advanced forecasting and combine that with a real-time optimizer to drive savings. The core of our services is our software platform, which is an ideal solution for today’s energy storage requirements,” affirms Lim Soo.
We target the hours of peak demand with our advanced forecasting and combine that with a real-time optimizer to drive savings
According to Lim Soo, Peak Power’s success stems from their strong understanding of the built environment, the energy market, and software- a distinct set of skills that is difficult to have in a single team. With its unique team, Peak Power is a game changer that has proven track record in the energy sector across the northeastern United States and Canada. Recently, Peak Power announced a symbiotic partnership with BGIS, the largest facility manager in Canada. Managing over 30,000 buildings around the world, the focus is towards implementing their non-invasive solution at BGIS’ numerous client locations enabling them to save money and reduce their carbon footprint as well. Peak has also received a strategic investment from Osmington Inc, a real estate development company wholly owned by Dave Thomson, Chairman of Thomson Reuters.
Amidst a booming energy storage market, Peak Power expects to be at the epicenter of the next wave of AI-driven innovations that are set to predict the energy requirements more efficiently. “We will ensure that our software is evolving to incorporate any new and viable revenue streams and deliver the maximum financial benefits for our clients,” concludes Lim Soo.
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Company
Peak Power
Headquarters
.
Management
Derek Lim Soo, CEO
Description
Energy storage services provider focused
on delivering intelligent software and project
solutions to offset the most expensive hours
of electricity demand
