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PeakPower
Software solutions for sustainable energy usage
- 21-100 employees
- B2B
- Artificial Intelligence
- Energy
- Sustainability
- SaaS
- Environmental
- Entertainment District, Toronto, ON
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Company mission
To decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities
31% employee growth in 12 months
Our take
The world is shifting towards sustainable solutions in transport, housing, and energy. Individuals and organisations are also becoming more aware of the effect of their carbon footprints. In the face of many sustainability solutions such as electric vehicles, smart grids and alternative energy, Peak Power was founded to help its customers become a part of the climate transition solutions
Peak Power’s software solutions are built on Artificial Intelligence that helps its customers turn their individual clean technology solutions into one holistic ecosystem. It has improved upon the work done to create smart grids and smart power storage, and promises its customers both energy and money savings. Peak Power’s solutions and expertise are also available for traditional organisations in housing and transportation looking to make the switch to clean-tech.
The company has leveraged several institutional partnerships in order to expand its services and reach beyond Canada. It has amassed significant funding which will power its growth and help the company push clean technology into several carbon-negative industries.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Fun stuff including team events and happy hours
- Generous and flexible vacation and personal days
- Gym memberships, WFH equipment budget, and much more
- Half days before each long weekend
- Continuous development paid for by Peak Power
- Comprehensive health insurance from Day 1 for Canadian team members
Company values
- We are visionary: We bring new ideas to the energy sector to build a better future
- We are passionate: We’re driven to find solutions and succeed with integrity
- We are collaborative: We work to include all stakeholder views and celebrate our diversity as our strengths
Funding (last 2 of 9 rounds)
May 2023
$35m
LATE VC
Sep 2022
$3.5m
GRANT
Total funding: $49.2m
Leadership
Derek Lim Soo
(CEO)Previously held senior leadership positions at clean-tech companies like Advanced Green Innovations, Suzlon Wind Energy A/S, and Stirling Energy Systems.
Matthew Sachs
(COO)Previously a General Manager at Urbandale Construction. Also has experience as a Business & Energy Consultant at Sustainable Ventures Inc., Marbek Resource Consultants.
Imran Noorani
(Strategic Advisor)Was previously the Divisional President of Energy at Ozz Group. Has also worked in public & private energy such as Union Gas