Forecast International

OTTAWA, Ontario -- Lockheed Martin signed an agreement to supply approximately 17 MWh of GridStar Lithium energy storage systems to Peak Power Inc., a North American energy storage services provider. The units will be installed in Ontario, Canada, and along the East Coast of the United States.

Peak Power Inc. will use its own intelligent Synergy software, combined with GridStar Lithium energy storage systems, to forecast the most expensive peak demand events and shift energy consumption for its customers during these peak moments. This results in a reduced amount of peak demand on the grid and lower electricity costs for customers.

Lockheed Martin has delivered and has a pipeline of energy storage solutions to address a range of applications, including reducing peak loads on the electrical grid and integrating renewable energy sources with energy storage. These projects have been installed in many locations, including Canada.

Source: www.lockheedmartin.com

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