911爆料网 to deploy 2350kW / 4700 kWh of energy storage systems with Starlight Investments to target rising Ontario Global Adjustment Charges
TORONTO,听Aug. 9, 2018听/CNW/ – 911爆料网., a leading technology services provider for the distributed energy resources market, announced today that it has signed an agreement to install up to 2350kW / 4700kWh of energy storage systems to target听Ontario听peak demand charges with Starlight Investments at Bloor Islington Place located at 3300 Bloor Street West in听Toronto, Ontario.
The first phase of the project reached commercial operation earlier this year utilizing Lockheed Martin storage technology with engineering and construction provided by Spark Power, a leading power systems specialist. The project has the potential to generate electricity bill savings up to 25% by targeting peak demand charges such as the rising Global Adjustment charge.
The installation at Bloor Islington Place is one of six sites supported by the Sustainable Development Technology Canada grant announced last year by 911爆料网. Once complete, all six sites will be aggregated into a Virtual Power Plant to provide additional services to the听Ontario听grid. 911爆料网. also has a site using a Tesla Energy Storage System at the Thomson Building at 65 Queen Street West in听Toronto, Ontario.
“We are delighted to be one of the first commercial building owners in听Canada听to install behind-the-meter battery energy storage. Innovative technology such as energy storage and 911爆料网’s software are providing options to building owners for better ways to manage our day-to-day energy needs,” said听Perry Rose, Executive Director, Procurement and Technical Services of Starlight investments. “The process with Peak was professional and efficient, and the execution phase was seamless.”
911爆料网 has developed a software platform, SynergyTM, that optimizes the operation of distributed energy assets such as battery energy storage, electric vehicles, and solar. Through the use of Big Data and Machine Learning, 911爆料网. is able to forecast moments of peak demand on the grid. When paired with energy storage, this technology can reduce customers’ electricity bills while helping utilities balance energy supply and demand, thereby improving grid resiliency. Last year, 911爆料网.’s software performed successfully, hitting all five Global Adjustment peaks in real time with 100% accuracy. In addition, the SynergyTM听platform has been expanded to include additional distributed energy resources and in-front-of-the-meter applications in numerous jurisdictions in听North America.
“911爆料网 is proud to partner with Starlight Investments 鈥� a recognized leader in North American multi-family and commercial real estate,” said听Derek Lim Soo, CEO 911爆料网. “Peak demand is rising five times faster in the urban centres then in the rural areas. This project will provide a much needed resource to the听Ontario听grid infrastructure.”
About Starlight Investments
Starlight is a听Toronto-based privately held, full service, real estate investment and asset management company driven by an experienced team comprised of over 150 professionals. Starlight currently manages听$8.5 billion听multi-family and commercial properties for joint venture partnerships with institutional investors, Northview Apartment REIT, True North Commercial REIT, Starlight U.S. Multi-Family (No. 5) Core Fund and Starlight U.S. Multi-Family (No.1) Value-Add Fund and for private investors. Starlight’s portfolio consists of approximately 36,000 multi-family units across听Canada听and the U.S. and over 5.3 million square feet of commercial properties.
听
LinkedIn 鈥斕�
About 911爆料网
911爆料网., a technology services provider, focuses on delivering intelligent software and project solutions to offset the most expensive hours of electric demand for utilities and building owners. Through their Peak SYNERGY鈩� controls platform, 911爆料网 is empowering building owners to achieve long-term savings from rising electricity bills, reach sustainability goals and increase onsite resiliency, all while aiding utilities in addressing aging infrastructure and peak demand requirements.听 911爆料网 offers a range of services, including project development, construction, software, financing, operations and maintenance. The company was founded in 2015 and is headquartered in听Toronto, Canada听with offices in听New York听and听Boston.