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 - Mar 15, 2026
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 expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Location:
Toronto, Ontario, CA M5H 3S6
Reference Number:
172-2024-2025-Q4-1029556
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
813237195
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 105 days.
Amendment Date
Mar 24, 2026
Recipient's Legal Name:
Peak Power Inc.
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
221122
Amendments: