US technology firm Lockheed Martin announced on April 19 it had signed an agreement to supply around 17MWh of its GridStar lithium energy storage systems to North American energy storage services provider Peak Power.
The units will use Peak Power’s intelligent Synergy software to forecast peak power usage times and shift energy consumption during those times to reduce peak demand on the grid.
The systems will be installed in Ontario, Canada, and along the East Coast of the US.
Derek Lim Soo, CEO of Peak Power, said: “Our software performance this past year in Ontario allowed us to hit all five coincident peak events that form the bulk of our customer’s bills within a one-hour window, with 100% accuracy.”
Lockheed Martin’s GridStar ESS products contain batteries, local controls software and balance-of-system components. They are scalable from 100kW to multi-MWs.
Lockheed Martin is also in the process of developing GridStar Flow, featuring the company’s proprietary flow battery technology.