Singapore, and Tokyo, Japan – March 28, 2025 – Peak Energy, a leading renewable energy developer and independent power producer with operations across Asia, has officially joined the 24/7 Carbon-Free Energy (CFE) Compact, a global initiative led by Sustainable Energy for All (SEforALL) in partnership with the United Nations. The Compact brings together energy buyers, suppliers, governments, system operators, and solution providers committed to decarbonizing electricity systems worldwide by enabling and advancing 24/7 carbon-free energy.
24/7 Carbon-Free Energy signifies that every kilowatt-hour of electricity consumption is matched with carbon-free electricity, every hour of every day, everywhere. It is both the end state of a fully decarbonized electricity system and a transformative approach to energy procurement, supply, and policy design.
By joining the Compact, Peak Energy strengthens its commitment to empower businesses across Asia with clean, affordable, and reliable energy solutions, and accelerates its ambition to help corporates reduce both costs and carbon emissions. The company will collaborate with the 170+ existing signatories to develop the market structures, technologies, and procurement models needed for readily available renewable energy solutions.
“We are proud to join the 24/7 Carbon-Free Energy Compact,” said Gavin Adda, CEO at Peak Energy. “As a company dedicated to helping businesses decarbonize and manage energy costs, 24/7 CFE is core to our vision. It already is part of our day-to-day, as we increasingly incorporate storage solutions into our renewable energy PPAs, notably for our customers in Japan. We look forward to working with other signatories to accelerate the transition to a fully decarbonized grid.”
“We’re delighted to welcome Peak Energy to the 24/7 Carbon-Free Energy Compact. Their commitment and expertise will be invaluable as we work together to accelerate a just and sustainable transition to round-the-clock clean power for everyone,” said Divya Kottadiel, Principal Specialist, UN-Energy, Sustainable Energy for All.
About Peak Energy
Headquartered in Singapore, Peak Energy is an Independent Power Producer that develops, owns, and operates renewable energy assets across Asia. Peak Energy’s activities encompass the full spectrum of renewable energy business models, including utility-scale development, off-site PPAs, onsite PPAs, and energy storage solutions. The company’s mission is to empower businesses across Asia with clean, affordable, and reliable energy solutions, helping corporates reduce both costs and carbon emissions. Peak Energy currently has nearly 300 MW of operating projects across the Asia Pacific region. For more information, please visit https://www.peakenergy.asia. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately USD 72 billion of assets under management.
About the 24/7 Carbon-Free Energy Compact
The 24/7 Carbon-Free Energy Compact is a global initiative led by Sustainable Energy for All in partnership with the United Nations. It brings together stakeholders from across the energy ecosystem – including energy buyers, suppliers, system operators, and policymakers -who are committed to accelerating the decarbonization of electricity grids worldwide. The Compact aims to enable the adoption and scaling of solutions that will transform energy systems to deliver carbon-free electricity every hour of every day, everywhere. This collective effort supports achieving global climate targets and Sustainable Development Goal 7. To learn more, please visit https://www.gocarbonfree247.com.
Contacts
Media enquiries: media@peakenergy.asia
Japan Media enquiries: taiyo.hayashi@peakenergy.asia