Peak Power partners with BGIS to target booming energy storage market in North America
TORONTO, Nov. 15, 2017 /PRNewswire/ – Peak Power, an energy storage services provider that has developed intelligent software controls to optimize the operation of the system, today announced their partnership agreement with BGIS, Canada’s leading real estate management services provider, to offer energy storage services to their clients to help them reduce their electricity costs. Battery energy storage, when controlled through Peak Power’s proprietary SynergyTM intelligent software platform, has the ability to provide multiple benefits to building owners including increased resiliency, improved environmental performance, electricity bill savings, as well as additional revenues from participation in utility programs.
“We are very excited to partner with BGIS to offer our innovative energy storage as a service solution to their clients” said Derek Lim Soo, CEO of Peak Power. “The energy storage market is poised for exponential growth and our partnership with BGIS will enable a growth platform for Peak Power that also creates tremendous value for BGIS’s clients.”
“The role of real estate service providers is changing” said Gord Hicks, CEO of BGIS, “Our clients are asking us to provide them with innovative solutions that reduce their energy costs, while increasing reliability and resiliency of their business operations. By partnering with Peak Power, BGIS will be able to offer its clients an optimal energy cost savings solution, with enhanced on site energy storage, while contributing to the scale up of these technologies in the built environment”.
Peak Power is also a founding member of the Building Energy Innovators Council (BEIC). Formed in 2016, the BEIC is an industry-driven initiative to accelerate the collaboration, innovation, and adoption of clean building technologies across Canada.
About Peak Power:
Peak Power is a North American based energy storage services provider. Through their Peak SYNERGYTM controls platform, Peak Power is empowering building owners to achieve long-term savings from rising electricity bills, reach sustainability goals and increase onsite resiliency, all while aiding utilities in addressing aging infrastructure and peak demand requirements. Earlier this year, Peak received strategic investment from Osmington Inc., a Toronto based real estate development company wholly owned by David Thomson, Chairman of Thomson-Reuters and a $1.9M funding from SDTC to support the scale up of their Peak SYNERGYTM controls platform across six (6) customer sited energy storage projects in Ontario, Canada and New York, USA. For more information, please visit www.peakpowerenergy.com.
BGIS is a leading provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. With a combined team of over 7,000 team members globally, BGIS inspires better business performance across its client’s real estate portfolios by developing and implementing real estate and facilities management strategies. Globally, BGIS manages over 300 million square feet of client portfolios across 30,000+ locations in North America, Europe, Australia and Asia.
Further information is available at www.bgis.com.
BGIS is a subsidiary of Brookfield Business Partners, a business services and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low cost production. Brookfield Business Partners is listed on the New York and Toronto stock exchanges (NYSE: BBU; TSX: BBU.UN).