Maryland-based Lockheed Martin, will 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.
Courtesy of Lockheed Martin
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 is expected to result 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.
"Our mission is to deliver solutions to our customers' most complex problems through applying innovative approaches, and through establishing strong, strategic partnerships," said Charles Bouchard, chief executive of Lockheed Martin Canada.
According to Lockheed Martin, its GridStar system architecture consists of modular, purpose-built energy storage units that contain batteries, local controls software and all required balance-of-system components. The systems are certified to UL 9540 standards, a key certification for product safety for energy storage systems and equipment. Lockheed Martin is also developing GridStar Flow, featuring the company's proprietary flow battery technology, for flexible, durable, long-duration energy storage for utility-scale projects.