Intelligent operation of assets for Independent Power Producers
Virtual power plants (VPPs) are a path forward to making traditional, centralized power plants obsolete. Virtual power plants are made up of many smaller decentralized energy resources like batteries, electric vehicles, and rooftop solar with software to coordinate their flow to and from the grid.
Solar and wind power are common generation sources, but they are only active when the sun shines or the wind blows. This variability is difficult for the electricity grid, which needs to provide a stable, consistent energy supply throughout the day. That’s where energy storage software and Peak Power come in.
Distributed energy assets are a long-term investment. Peak Power protects the internal rate of return by maximizing revenue streams while ensuring the health and longevity of the assets.
One of our core strengths is on optimizing for energy value streams, and it’s where our software performs best. We don’t just look arbitrage or peak pricing, we uncover the best opportunities.
At Peak Power, we take a pragmatic approach to the future.
We focus on developing projects that will provide near-term benefits to customers, host sites, and system operators, but also look to future-state, wider-scale applications.
We work with innovative utilities and independent system operators to enable our energy partners that are building the distributed energy future.
Creating over $10,500 in value in just four hours
On January 21, 2020, Ontario’s Independent Electric System Operator (IESO) called a test Demand Response event. Peak Power responded to this call with a virtual power plant consisting of a group of four 500kW batteries, twelve 30kW electric vehicles (vehicle-to-grid), and load reductions in eight different commercial buildings in downtown Toronto.
Operating as a single virtual power plant, these assets provided an average of 1 MW in reductions over four hours and created over $10,500 of value within the time frame.
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
Creating over $10,500 in value in just four hours
On January 21, 2020, Ontario’s Independent Electric System Operator (IESO) called a test Demand Response event. Peak Power responded to this call with a virtual power plant consisting of a group of four 500kW batteries, twelve 30kW electric vehicles (vehicle-to-grid), and load reductions in eight different commercial buildings in downtown Toronto.
Operating as a single virtual power plant, these assets provided an average of 1 MW in reductions over four hours and created over $10,500 of value within the time frame.
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
On January 21, 2020, Ontario’s Independent Electric System Operator (IESO) called a test Demand Response event. Peak Power responded to this call with a virtual power plant consisting of a group of four 500kW batteries, twelve 30kW electric vehicles (vehicle-to-grid), and load reductions in eight different commercial buildings in downtown Toronto.
Operating as a single virtual power plant, these assets provided an average of 1 MW in reductions over four hours and created over $10,500 of value within the time frame.
Peak Power is developing a framework for what increased demand will mean for our grid, and deploying adaptive solutions. Our smart charging technology can mitigate strain on the electricity grid and provide customers avenues for energy resiliency and cost sustainability.
The new sites are part of a wider BESS project portfolio of 25MW/44MWh the IPP bought from commercial and industrial (C&I) energy tech developer Peak Power, from which it also acquired its four existing sites.
Peak Power will stay on to provide energy optimization services and control the dispatch of the assets using its Peak Synergy software platform.
We work with industry-leading partners to provide ad-hoc or turn-key solutions to our customers… and we work together on some rad innovation projects too!
Contact us about your project needs, or if you have a question about your current energy storage asset optimization.
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