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Contribution: Industrial Research Assistance Program

Peak Power Inc.

$1,052,793.00

Unlocking the Latent Flexibility of the Electricity Grid

FY 2024-25 · 2025-03-04

Summary
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.
Program
Industrial Research Assistance Program
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
813237195
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

Amendments

Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.

AmendmentDateFiscal YearTotal
02025-03-042024-25$1,052,793.00
12025-03-042024-25$1,052,793.00

As published

Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 105 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 105 jours.
Agreement End Date
2026-03-15
Agreement Number
1029556
Agreement Start Date
2025-03-04
Agreement Title
Unlocking the Latent Flexibility of the Electricity Grid
Agreement Title (French)
Libérer la flexibilité latente du réseau électrique
Agreement Type
Contribution
Agreement Value
$1,052,793.00
Amendment Date
2026-03-24
Amendment Number
1
Coverage
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity. | Les projets du Programme d'aide à la recherche industrielle favorisent la création de richesse au Canada grâce à l'innovation technologique et renforcent l'écosystème canadien de l'innovation en créant de nouvelles capacités industrielles.
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.
Description (French)
Peak Power est une entreprise de technologie climatique basée à Toronto qui permet aux principaux responsables des changements climatiques de faire partie de la solution. Peak conçoit et fournit des logiciels alimentés par l'IA qui transforment les bâtiments de consommateurs d'énergie statiques en actifs dynamiques générateurs de revenus. Sa technologie optimise les bâtiments commerciaux grâce à une gestion intelligente de la consommation d'énergie, au stockage de l'énergie et à l'intégration du réseau électrique. Peak Power construit une agrégation de ressources énergétiques distribuées (DERA), qui a le potentiel d'être un catalyseur pour une décarbonisation profonde dans les secteurs des bâtiments, de l'énergie et des transports. Le DERA débloquera la capacité de flexibilité latente et le potentiel environnemental de ces ressources liées à la demande. Le DERA a pour objectif d'être le fondement de villes plus intelligentes et plus propres en Amérique du Nord et dans le monde.
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.
Expected Results (French)
Les résultats attendus du Programme d’aide à la recherche industrielle du CNRC sont axés sur la croissance des petites et moyennes entreprises (PME) grâce à l’innovation et à la création de richesse pour le Canada.
Federal Riding
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
NAICS Code
221122
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program
Program Name (French)
Programme d’aide à la recherche industrielle
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.
Program Purpose (French)
Les contributions versées aux entreprises en vertu du Programme d’aide à la recherche industrielle ont pour objectif d’apporter un soutien aux petites et moyennes entreprises (PME) afin qu’elles puissent approfondir leurs connaissances en matière d’innovation et renforcer leur capacité d’innovation, de croissance et de création de richesse pour le Canada.
Recipient Business Number
813237195
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Peak Power Inc.
Recipient Postal Code
M5H 3S6
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q4-1029556
Peak Power Inc. - $1,052,793 Contribution (2024-25) | Canada Spends