Canadian climate technology 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 more than $1.6 million.
Peak Power will install V1G chargers in several mixed-use buildings in Ontario. Peak Power Synergy technology will allow chargers to draw power from the grid when it is most available and avoid times of peak demand, and can regulate the speed at which cars are charged. This intelligent charging system is designed to allow the grid to deliver more energy without the need for major infrastructure upgrades.
“The intelligent nature of our Synergy technology in chargers means that grid operators don’t have to worry about capacity constraints when electric vehicles are connected to the grid,” said Matthew Sachs, Chief Operating Officer of Peak Power.
Peak Power says it will work with partners with extensive experience in EV charging to install the chargers. SWTCH Energy is jointly developing the software for the peak-power electric vehicle chargers, while Signature Electric will install the equipment and supporting infrastructure.
“Limited access to EV charging infrastructure in high-density mixed-use environments remains a major barrier to widespread EV adoption,” said Carter Lee, SWTCH CEO. “SWTCH’s partnership with Peak Power and Signature Electric to deploy V1G technology for these settings will improve coordination between energy utilities, building operators and EV drivers to improve building energy efficiency and access to EV charging infrastructure.”
Source: Peak power