Participated · Equity · May 2023

Peak Power offers software and services that control and optimize battery storage, grid-interactive buildings, and electric vehicles to unlock hidden capacity and balance multiple objectives including net-zero goals, financial returns, and grid reliability. Its flagship platform, Peak Synergy, optimizes across revenue streams to enable investor returns and further battery storage deployment. The company currently operates in Ontario, New York, New England, Virginia, and California, with Peak Synergy deployed across more than 13 million sq. ft. of real estate. Peak Power has roughly 150 MWh of battery and electric vehicle capacity under contract or committed across North America. Led by CEO Derek Lim Soo, the company plans to use new funding to ramp U.S. expansion, hire for critical roles, and continue developing its software capabilities. The business model centers on software-enabled optimization to monetize distributed energy assets for owners and investors. Peak Power develops software to aggregate and optimize distributed energy assets in the built environment, aiming to accelerate decarbonization of commercial and industrial buildings. Its flagship product, Peak Synergy, optimizes battery energy storage systems, grid-interactive buildings, and electric vehicle assets. The company has evolved its Distributed Energy Resource Aggregation (DERA) platform to unlock grid flexibility and enable customers to cut operating expenses, reduce emissions, and sell energy back to the grid. Peak Synergy is deployed in over 10 million square feet of real estate, with approximately 90 MWh of battery and electric vehicle capacity under contract or committed. SDTC awarded Peak Power C$5 million to expand the DERA platform across North America and support rapid scale-up. With this funding, Peak Power plans to expand its portfolio of projects across Ontario, California, and Massachusetts. Founded in 2015 and operating in Ontario, New York, New England, and California, the company positions its software as a tool to drive wider adoption of renewables and decentralized electricity resources. Peak Power’s flagship product, Peak Synergy, is software that optimizes three energy assets—battery energy storage systems, grid-interactive buildings, and electric vehicles—to minimize costs, reduce emissions, and sell energy back to the grid. The company’s Synergy technology is being used to underpin its Peak Drive EV charging project and will manage V1G chargers to draw power when grid capacity is available, avoid peak demand, and adjust charge rates. Peak Power plans to deploy 117 V1G chargers across several mixed-use developments in Ontario as part of this project, working with SWTCH Energy (co-developing the charger software) and Signature Electric (installing hardware and infrastructure). The project is supported by a $765,000 investment from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program (ZEVIP) toward a total project cost valued at over $1.6 million. Operational metrics disclosed include Peak Synergy being deployed in over 10 million sq. ft. of real estate, with about 90 MWh of battery and electric vehicle capacity under contract or committed, and an annual greenhouse gas reduction of 72,000 tCO2e. The company was founded in 2015 and operates in Ontario, New York, New England, and California. Peak Power develops the Synergy™ AI-powered platform that optimizes the operation of buildings and distributed energy resources (DERs) such as batteries and electric-vehicle chargers. The platform is deployed in over 15 million square feet of commercial and industrial real estate across Ontario, New York, and California. Peak’s software is designed to unlock revenue for customers, reduce operating costs, and decrease environmental footprint by enabling batteries and other assets to act as grid resources. The company says the current financing will fund rapid global expansion of the Synergy platform. Peak positions itself at the nexus of smart buildings, clean energy, and electric mobility. Founded in 2015 and based in Toronto, the company’s leadership includes CEO and co-founder Derek Lim Soo. Peak Power develops the Synergy™ AI software to optimize buildings, energy storage and electric vehicles as synthetic, stationary and mobile batteries for real-time grid response. Its platform can deploy assets independently or collectively as a virtual power plant to unlock revenue streams and reduce customer emissions. Peak serves commercial & industrial customers, energy developers and utilities and highlights deployments for large REITs and C&I facilities. The company reports assets under control in Ontario, New York and California and says it achieved industry firsts such as discharging a fleet of EVs via vehicle-to-grid within a multi-asset VPP. Peak has been featured in Forbes and BNN for its innovation. With new capital from Sensata Ventures and Export Development Canada, Peak plans to expand its Synergy platform and scale internationally, with particular focus on manufacturing, commercial & industrial and buildings.

Led · Equity · May 2016

Farmers Edge is described in the article as a precision agriculture company. The firm completed a new round of capital that involved investment from Fairfax Financial, the investment company of Prem Watsa. That funding provided an exit for Kleiner Perkins Caufield & Byers, which had invested in the company in November 2014, and a partial exit for Avrio Ventures. The article does not disclose the amount raised, the financing instrument, or the use of proceeds. No operating metrics, revenue, user counts, founding year, or location were provided in the article. Farmers Edge develops hardware, software and agronomic decision-support systems for precision agriculture and independent data management. The company is directing new funding to next-generation hardware, software and decision-support tools with an explicit focus on environmental sustainability. With the SDTC-backed project, Farmers Edge aims to capture, visualize and analyze zone-specific variables — weather, soil processes, disease and pests — to inform input decisions. The company cites environmental targets including a 10% reduction in nitrous oxide emissions, 20% improved water use, and significant cuts to phosphorus and nitrogen runoff in critical water resources. In 2016 Farmers Edge expanded into new U.S. states and entered the Brazilian and Australian markets; it has also been named a World Economic Forum Technology Pioneer and PwC’s Disruptor Innovator of the Year. The company was founded in 2005 and is headquartered in Vancouver, British Columbia. Farmers Edge develops precision-agriculture hardware and software, offering a turnkey Precision Solutions package that includes variable rate technology, soil sampling and analysis, field-centric weather, in-field telematics, high-resolution satellite imagery, and the FarmCommand farm-management platform. The company bundles field-centric data analytics with a network of trusted advisors to help growers improve yields and manage inputs. Since 2005 it has led development and application of on-farm technologies and positions itself as a global provider of agronomic data services. The firm is pushing to expand into global markets and is investing in a world-class data analytics team to advance its analytics capabilities. Recent financings are being used to fuel that international growth and product development. The company is headquartered in Winnipeg, Manitoba. Farmers Edge offers FarmCommand, a fully integrated farm management platform that combines hardware, software and human support to capture and analyze farm data. The platform delivers operational intelligence to help users make advanced, informed management decisions to maximize efficiencies, production and profitability. Led by Brian Hayward (Chairman) and Wade Barnes (President and CEO), the company integrates data science with on-farm tools and services. Farmers Edge intends to use the new funds to expand its data science team and for new product development. The company also plans global growth into South America, Australia and Eastern Europe and is opening a U.S. headquarters in Minnesota. Farmers Edge provides global agribusinesses with tools and services to identify, map and manage farmland variability. The company offers a Precision Solutions product line that incorporates field-centric data such as drone and satellite imagery, soil testing, weather stations and precision agronomy. Following a recent acquisition the company introduced FarmCommand, a plug-and-play real-time equipment diagnostics and logistics telematics solution that works with any brand of equipment; FarmCommand will become part of Precision Solutions. Led by President and CEO Wade Barnes, Farmers Edge received an investment from Kleiner Perkins Caufield & Byers' Green Growth Fund. The company intends to use the funds to expand its technology platform and support continued growth in international markets. The amount of the funding was not disclosed.