Grants and Contributions:
Title:
814716
Agreement Number:
814716
Agreement Value:
$7,644,188.00
Agreement Date:
Apr 1, 2019 - Sep 30, 2022
Description:
The project is to launch Peak's Vehicle-to-Grid (V2G) business, which allows electric vehicles to discharge electricity back to the grid or building to optimize energy efficiency.
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Location:
Toronto, Ontario, CA M5H3S6
Reference Number:
062-2019-2020-Q4-00006
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
813237195
Recipient Type:
For-profit organization
Recipient's Operating Name:
Peak Power Inc.
Recipient's Legal Name:
Peak Power Inc.
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Business Scale-Up
Program Purpose:
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Coverage:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
NAICS Code:
541510