Canada-based Peak Power just raised $35 million for their energy storage optimization software solution. The company plans to use the new funds to move operations into the U.S. market and continue to expand its software capabilities.
The round was led by Greenbacker Capital Management, which largely focuses on sustainable infrastructure for the energy transition.
Peak Power is doing amazing work to control and optimize things like battery storage solutions, electric vehicles, and grid-interactive buildings. This helps ensure grid reliability and financial gains for customers.
For a successful energy transition, we have to tackle things like intermittency issues associated with renewables. Grid optimization software like this is an important piece of the puzzle.