Item - 2025.TA9.2
Tracking Status
- This item was considered by Toronto Atmospheric Fund on February 18, 2025 and was adopted without amendment.
TA9.2 - Peak Power
- Decision Type:
- ACTION
- Status:
- Adopted
Board Decision
The Board of Directors of the Toronto Atmospheric Fund:
1. Received the report (February 3, 2025) from the Vice President, Impact Investing, Toronto Atmospheric Fund for information.
Decision Advice and Other Information
The Chief Executive Officer, Peak Power Energy gave a presentation on Market Leading Distributed Energy Resources (DERs) Platform.
Origin
Summary
In 2021, along with other co-investors, the Toronto Atmospheric Fund made a direct investment in Peak Power based on due diligence that indicated the Toronto Atmospheric Fund’s investment would enable this local company with a strong mandate alignment to realize its growth potential. A presentation by Peak Power’s Chief Executive Officer, Derek Sim Loo, will showcase the company’s progress since the Toronto Atmospheric Fund’s initial investment and our work together to achieve mutual objectives.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/ta/bgrd/backgroundfile-253042.pdf
Presentation from the Chief Executive Officer, Peak Power Energy on Market Leading Distributed Energy Resources (DERs) Platform
https://www.toronto.ca/legdocs/mmis/2025/ta/bgrd/backgroundfile-253314.pdf