Proving the Business Case for the Internet of Things

Peak Power deploys smart battery storage in New York

Steve Rogerson
January 8, 2019



A battery energy storage system is using artificial intelligence (AI) to lower energy bills and provide utility grid services at the New York headquarters of GHP Realty, a division of Houlihan-Parnes Realtors.
 
Peak Power, a New York-based energy services provider, completed the installation of 375kW, 940kWh of battery energy storage. This project was funded in part through an incentive from a Con Edison Energy Efficiency programme.
 
"Peak Power is proud to partner with GHP Realty, a well-respected leader in the New York real estate community," said Derek Lim Soo, CEO of Peak Power. "The electric industry is changing and energy storage systems can add tremendous value by reducing costs for building owners, while providing added resiliency and fast response grid services to the utility."
 
This project represents one of the largest energy storage installations in a commercial building in New York. It features Lockheed Martin's Gridstar 2.0 energy storage technology, paired with Peak Power's Synergy intelligent software, which optimises the operation of distributed energy assets such as battery energy storage, electric vehicles and solar.
 
The software forecasts moments of peak demand on the grid through the use of big data and machine learning, a form of AI. This project also uses Peak Power's BIP building insight platform, which uses internet embedded sensors within the building as part of an energy management system.
 
"This project offers a glimpse into our clean energy future in which customers will have reliability and resiliency," said Vicki Kuo, director of energy efficiency for Con Edison. "The owners of this building took advantage of our incentive programme to install a technology that will lower their energy costs and enable them to earn revenue by reducing their usage when demand on our grid is high."
 
The energy storage system should generate significant long-term savings and a reduction in greenhouse gas emissions from electricity use. It will also help reduce the need for power from Con Edison's grid at times when the demand for electricity is high, which usually occurs on hot summer days. That will help Con Edison keep its service reliable for its 3.4 million customers in New York City and Westchester County. Energy storage systems are crucial for the future of the electrical grid to balance variable generation with demand more effectively and efficiently.
 
"We have been extremely impressed with Peak Power's capabilities and the simplicity of the overall process," said Michael Cinicolo, vice president of property management and construction. "We are very excited to be one of the early adopters of energy storage in New York."
 
GHP Office Realty is a division of Houlihan-Parnes Realtors, an owner, operator and purchaser of suburban New York commercial real estate. GHP Office Realty has acquired, financed, redeveloped, leased and managed more than 0.5 million square metres of office space.
 
Peak Power is a technology services provider for the distributed energy resource market. Through its Synergy controls platform, Peak Power is empowering building owners to achieve long-term savings from rising electricity bills, reach sustainability goals and increase onsite resiliency, all while helping utilities address aging infrastructure and peak demand requirements.
 
This announcement follows the recent partnership between Peak Power and Alphabet's Sidewalk Labs to target increased sustainability in urban centres.