Grants and Contributions:
Title:
Unlocking the Latent Flexibility of the Electricity Grid
Agreement Number:
1029556
Agreement Value:
$1,052,793.00
Agreement Date:
Mar 4, 2025 - Nov 30, 2025
Description:
Peak Power is a Toronto-based climate tech company that enables contributors to climate change to be a part of the solution. Peak designs and delivers AI-powered software that transforms buildings from static energy consumers into dynamic, revenue-generating assets. Their technology optimizes commercial buildings through the intelligent management of energy use, energy storage, and EV grid integration.
Peak Power is building a distributed energy resource aggregation (DERA), that has the potential to be a catalyst for deep decarbonization within the buildings, energy, and transportation sectors. The DERA will unlock the trapped latent flexibility capacity and environmental potential in these demand-side resources. The DERA aims to be the foundation of smarter and cleaner cities across North America and globally.
Organization:
National Research Council Canada
Expected Results:
The NRC-IRAP Clean Technology Program will support Canadian SMEs in the research and development of sustainable development technologies, up to their commercialization, with the potential to deliver economic and environmental outcomes.
Location:
Toronto, Ontario, CA M5R 1B1
Reference Number:
172-2024-2025-Q4-1029556
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
813237195
Recipient Type:
For-profit organization
Recipient's Legal Name:
Peak Power Inc.
Federal Riding Name:
University--Rosedale
Federal Riding Number:
35110
Program:
Industrial Research Assistance Program – Clean Technology
Program Purpose:
The NRC-IRAP Clean Technology Program will support Canadian SMEs in the research and development of sustainable development technologies, up to their commercialization, with the potential to deliver economic and environmental outcomes.
Coverage:
NRC-IRAP Clean Technology projects stimulate wealth creation for Canada through sustainable development technological innovation, while improving Canada’s environmental indicators related to greenhouse gas emissions (GCG), waste management, air quality or drinking water based on the types of sustainable development technologies that will be supported.│Les projets de technologies propres du PARI-CNRC stimulent la création de richesse pour le Canada grâce à l’innovation technologique en matière de développement durable, tout en améliorant les indicateurs environnementaux du Canada liés aux émissions de gaz à effet de serre (GES), à la gestion des déchets, à la qualité de l’air ou à l’eau potable en fonction des types de technologies de développement durable qui seront soutenues.