Demand Power
A development platform for energy storage
Description
Investment into a development platform for energy storage and distributed energy projects with a pipeline at the time of closing of over 100 potential projects from up to 75 different customers in Ontario, Canada.
Project Sponsor
Demand Power Group Inc. and a subsidiary of large North East regulated utilityProject Payment Type
Contracted Customer RevenuesTotal Project Costs
Up to $71 million from Star and a major utility who is the company’s other investor in the first phaseProject Overview
Demand Power will identify, plan, develop and manage power supply solutions for public and private industrial consumers at sites such as educational facilities, hospitals, manufacturing plants, commercial real estate properties and more. These solutions may include behind-the-meter energy storage systems, industrial grade batteries and uninterruptible power supplies, and natural gas fired generators that are expected to provide consumers with superior power quality and energy cost reduction.
Website: https://demandpower.ca/
