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 accelerated deployment of Peak Power’s software solutions and provide turnkey financing for energy storage projects.
Peak Power’s flagship software, Peak Synergy, is a AI-powered platform with features such as grid load visualization, intelligent peak event prediction, battery storage optimization, and strategic EV charging and discharging to reduce operating costs and concurrent peak loads for grid-interactive buildings, while increasing portfolio value and creating revenue streams.
Their professional service team supports the positioning of Peak Power as a solution provider and not just as a software developer. The service team is equipped with over 200 years of combined expertise and helps customers to carry out feasibility studies for their sites and to create tailor-made financing models.
MEI sponsors, develops, builds, owns and operates distributed energy projects for C&I and government organizations throughout the United States.
Working with MEI is an opportunity that will allow Peak Power’s customers and partners to access high-quality capital and equip an even greater number of sites with the technologies, capital and expertise needed to deploy energy storage, sustain of profitability and support of general network resilience are required.
“Peak Power’s ambitious and knowledgeable team have built a strong track record, so we’re delighted to support them as they continue to push the envelope to help the environment and its customers by advancing the use of energy storage at greater scale scale,” said Richard Walsh , managing partner of Madison Energy Investments.
“MEI’s support is a valuable vote of confidence in our software and delivery capabilities. MEI has enabled numerous clean energy ventures and today we are excited to join this network of cleantech innovators,” said Derek Lim Soo, CEO of Excellence.
The partnership and development capital will further strengthen Peak Power’s ability to provide professional and robust products technology-driven energy optimization solutions.