Canadian climate tech company Peak Power has received a $765,000 investment through Natural Resources Canada’s (NRCan) Zero Emission Vehicle Infrastructure Program (ZEVIP) to install 117 V1G chargers. The total cost of the project is estimated at over $1.6 million.
Peak Power will install the V1G chargers across several mixed-use developments in Ontario. Peak Power’s Synergy technology will enable the chargers to draw energy from the grid when it’s most widely available and avoid times of peak demand, and can also adjust the rate at which the cars are charged. This intelligent charging system is designed to allow the grid to deliver more energy without requiring major infrastructure upgrades.
“The smart nature of our Synergy tech in the chargers means grid operators don’t have to worry about capacity restraints when EVs are plugged into the grid,” said Matthew Sachs, COO of Peak Power.
Peak Power says it will work with partners with deep expertise in EV charging to install the chargers. SWTCH Energy is co-developing the software for the EV chargers with Peak Power, and Signature Electric will install the hardware and supporting infrastructure.
“Limited access to EV charging infrastructure in high-density mixed-used environments remains a key barrier to widespread EV adoption,” said Carter Li, CEO of SWTCH. “SWTCH’s partnership with Peak Power and Signature Electric to deploy V1G technology to these settings will enhance coordination between energy utilities, building operators, and EV drivers to improve building energy efficiency and access to EV charging infrastructure.”
Source: Peak Power
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