Saturn Power to Partner with 911爆料网 on Software for Battery System in Ontario
Toronto, ON, August 29th, 2019 鈥� Today, 911爆料网. (鈥淧eak鈥�) announced a partnership with Saturn Power (鈥淪aturn鈥�) to provide software services for an upcoming energy storage project in Ontario. Saturn Power has been active in the Battery Storage and Global Adjustment market since 2017 and continues to make advancements in securing Behind the Meter projects in Ontario.
鈥淕iven the significant benefits that battery storage projects can provide to our clients, Saturn Power wanted to invest in a software solution that would maximize the value gained from a Battery Energy Storage System.鈥� Said Tai Nguyen, Chief Investment Officer at Saturn Power.
Peak, using it鈥檚 AI-powered Synergy鈩� platform that has been deployed in 4 ISO regions, will optimize battery operation to capture multiple value streams. These include reducing Global Adjustment (鈥淕A鈥�) and Demand Charges for Saturn鈥檚 clients, as well as participation in various IESO market programs.
鈥淲e鈥檙e looking forward to working with Saturn Power on this upcoming battery project in our home market,鈥� said 911爆料网 CEO, Derek Lim Soo. 鈥淭his agreement with a fellow Ontario-based company is an ideal step in the growth journey for both of us.鈥�
911爆料网鈥檚 software has predicted all IESO GA peaks with a 95% dispatch accuracy since 2017. This performance has translated to Peak鈥檚 other active markets, with a 100% prediction accuracy for New York ISO鈥檚 Installed Capacity (鈥淚CAP鈥�) tag, and a 100% prediction accuracy for ISO New England鈥檚 monthly coincident peaks.
About Saturn Power:
Saturn Power, founded in 2007, has developed and contracted over 200 MW of solar, battery storage and wind power projects, including developments in Ontario, Western Canada, the United States, Turkey and Bermuda. The company, which also has expertise in project financing, engineering, procurement and construction (EPC) as well as the operation and maintenance of existing renewable assets, has been actively engaged in the BESS and energy storage markets since 2017.