Peak Power, specializing in energy optimization software for commercial and industrial (C&I) facilities, secured a $200 million partnership with Madison Energy Investments (MEI). The collaboration with MEI will support the accelerated deployment of Peak Power's software solutions and offer turnkey financing for energy storage projects.
Peak Power's flagship software Peak Synergy is an AI-powered platform with features including grid load visualization, intelligent peak event forecasting, battery storage optimization and strategical EV charging and discharging to reduce operating expenses and coincident peak charges for grid-interactive buildings while increasing value for the portfolio and creating revenue streams.
Their professional services team further backs Peak Power's positioning as a solutions provider, not simply a software developer. The services team is outfitted with over 200 years of combined expertise and helps customers conduct feasibility studies for their sites as well as create tailored financing modeling.
MEI finances, develops, constructs, owns and operates distributed energy projects for C&I and government facilities across the United States.
The collaboration with MEI is an opportunity that will enable Peak Power's customers and partners to access quality capital, providing an even greater number of sites with the tecnologies, capital and expertise necessary to deploy energy storage, maintain profitability and support overall grid resiliency.
"The ambitious and knowledgeable team at Peak Power has built a strong track record, so we are excited to support them as they continue to push the envelope to benefit the environment and its customers by enabling increased amounts of energy storage deployment," said Richard Walsh, Managing Partner of Madison Energy Investments.
"The support from MEI is a valued vote of confidence in our software and deployment capabilities. MEI has made numerous clean energy ventures possible, and today, we're excited to join this network of cleantech innovators," said Derek Lim Soo, CEO of Peak Power.
The partnership, and development capital will further strengthen Peak Power's capability to provide professional, robust technology-driven energy optimization solutions.