MEI is a leading financier, developer, owner, and operator of distributed energy projects for commercial, industrial, and government facilities throughout the United States. MEI has built a noteworthy portfolio consisting of 386 MW of 'owned and exclusive' clean energy assets. The partnership with Peak Power is a testament to the shared commitment of both companies to be leaders in the fight against climate change and to see a future where dirty power plants are made obsolete.
"At MEI, it's abundantly clear that energy storage is a critical part of the energy transition," said Richard Walsh, Managing Partner of Madison Energy Investments. "Therefore, the relationship with Peak Power is very synergistic. The ambitious and knowledgeable team at Peak Power has built a strong track record, so we are excited to support them as they continue to push the envelope to benefit the environment and its customers by enabling increased amounts of energy storage deployment."
At a time of increased electrification, pressure on grids, and commitments in all areas of society to build a cleaner energy future, this partnership is a model for success. This partnership with MEI, combined with the innovative nature of Peak Power's shared savings business model, offers customer sites a no-cost solution to install energy storage.
Flexible capital is also available to energy storage developers partnered with Peak Power to accelerate the deployment of optimized energy storage assets at scale. This capital paired with Peak Power's industry-leading optimization software offers a pathway for customers and partners to reach their climate and energy ambitions, without having to sacrifice the bottom line.
"We're excited to partner with Madison Energy Investments, a team who shares our vision of a clean energy future," said Derek Lim Soo, CEO of Peak Power. "The support from MEI is a valued vote of confidence in our software and deployment capabilities. MEI has made numerous clean energy ventures possible, and today, we're excited to join this network of cleantech innovators."
Peak Power has a proven capacity for deploying and optimizing energy storage projects to prepare commercial and industrial facilities for the energy transition. This access to capital for Peak Power's customers and partners will provide an even greater number of sites with the technology, capital, and expertise they require to maintain profitability, pursue net zero goals, and support overall grid resiliency.
