SWTCH and Peak Power Partner to Optimize EV Charging and Energy Costs at Buildings Across North America
SWTCH and Peak Power have integrated their industry-leading software solutions for optimizing EV charging usage and are collaborating to expand on their successful deployments at multi-tenant buildings
TORONTO, ON, December 14, 2023 — SWTCH Energy, a company pioneering electric vehicle (EV) charging solutions for multi-tenant buildings across North America, and Peak Power, a Canadian cleantech company that provides energy optimization software and services for commercial real estate and industrial customers and energy storage project developers, are excited to announce they’ve signed a Memorandum of Understanding (“MoU”) to deepen their software integration and collaboration. Together they aim to transform the future of energy management by helping buildings to get greater returns from their EV charging infrastructure investments and achieve net zero goals.
This partnership enables participating EV chargers on the SWTCH network to seamlessly interact with and respond to Peak Power’s advanced energy management system, Peak Synergy, managing usage during periods of high energy demand and unlocking substantial cost efficiencies during fluctuations in energy prices. This technology integration is made possible through SWTCH Connect™, which focuses on enabling chargers in SWTCH’s network to be integrated into smart building, tenant, and utility/grid applications through SWTCH’s open API library.
“Our mission at SWTCH has always been to make EV charging accessible and efficient for the built environment,” said Carter Li, CEO of SWTCH. “Partnering with Peak Power aligns perfectly, as it allows us to offer an unmatched solution for property owners looking to optimize the energy usage of their EV charging infrastructure and manage costs as they future-proof their buildings. It expands on our SWTCH Control offering, which allocates charging to periods of lower demand in real time.”
“At Peak Power, we are committed to delivering intelligent and adaptable energy solutions for our commercial real estate customers,” said Peak Power CEO and Co-Founder Derek Lim Soo. “Our goal is to enable customers to integrate clean energy solutions in a cost effective manner. By integrating our energy management platform with SWTCH chargers through their open API, we are at the forefront of enabling property owners to take control of their energy costs through energy management.”
This partnership has already seen early success with two live sites in the Financial District in Toronto where SWTCH chargers are integrated into Peak Power’s platform, providing accessible downtown charging for EV drivers, as well as a flexible resource for building operators to help manage energy costs. The partnership will explore further software integrations and collaborations that benefit both building owners and EV drivers.
To learn more about this game-changing partnership and how SWTCH Energy and Peak Power’s advanced EV charging management solutions can benefit your property, please get in touch with us today.
About SWTCH Energy Inc.
Headquartered in Toronto, Ontario, with offices in Brooklyn and Boston, SWTCH is pioneering EV charging solutions for multifamily and commercial properties across North America. SWTCH leverages the latest technology available to help building owners and operators deploy EV charging by tapping into their existing grid infrastructure. Through constant innovation and an extensive partnership network, SWTCH provides the most profitable and unique business model for multi-tenant buildings to stay competitive. For more information, visit www.swtchenergy.com.
About Peak Power
Peak Power is a cleantech company founded in 2015 operating in Ontario, New York, New England, and California. Their flagship software, Peak Synergy, provides energy management solutions for commercial real estate and industrial customers by optimizing three core energy assets: battery energy storage systems, grid-interactive buildings, and electric vehicles. Peak Synergy enables customers to minimize operational costs, reduce emissions, and sell energy back to the grid. Peak Power’s software delivers results with innovative projects that take commercial and industrial scale storage systems and electric vehicles into electricity markets. Peak Synergy is deployed in over 13M sq. ft. of real estate, with ~150 MWh of battery and electric vehicle capacity under contract or committed.