By Karen Butterfield | Chief Commercial Officer
“Software platforms will send us into the next era of growth.”
–Davion M. Hill, DNV GL Americas Energy Storage Leader
In Utility Dive’s recent feature story, Greater than the sum: How aggregation is making storage into a software business, Hill and other industry experts claim the next era of growth will be driven by distributed, software-enabled energy storage. Software platforms like Stem’s enable the aggregation of distributed storage to provide the same services as utility-scale storage, while simultaneously generating savings and revenue for storage customers.
As the leading developer of the intelligence behind distributed energy storage, Stem’s mission has always been to maximize the value of storage with software so we deliver benefits to energy consumers and the grid. This multi-pronged approach is at the foundation of Stem’s business model. We’ve proven its effectiveness through our work with utilities including Pacific Gas & Electric (PG&E), Hawaiian Electric Company (HECO), Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E).
Through PG&E’s Supply Side Pilot (SSP), Stem became the first company to bid distributed storage assets into the California ISO real-time and day-ahead electricity markets. This partnership allows us to provide energy to the grid when it’s most needed, while also enabling commercial energy consumers such as Adobe and InterContinental Hotels to earn extra revenue by directly supporting the efficiency and reliability of the grid.
In the case of Adobe, which Stem has worked with since 2014, we initially produced savings through automated demand charge management. When PG&E’s SSP program started less than a year later, we provided Adobe with the added benefit of grid support payments using the same storage systems that manage demand. This added value did not require changes to Adobe’s operations or the system’s hardware. We simply adjusted our software algorithms to enable Adobe to make money.
Stem’s work with customers, utilities, and grid operators shows that distributed storage can perform many functions – and deliver cost savings and new revenue streams – for numerous stakeholders. Our intelligent software as a service is the key to unlocking these benefits.
Interested in learning more about Stem’s software? Schedule a demo.