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CASE STUDY

Boston Properties

Location

Santa Monica, CA

Commercial Operation Date

March 2019

Facility Type

Commercial Office Complex

Energy Storage System Size

2.1MW / 3.7MWh

Solutions

Energy Storage, Utility Bill Optimization, Demand Response, Sustainability

10-year Savings

$1.9M

Boston Properties Advances Sustainability While Getting a Financial Return with Stem

Boston Properties (BXP) is the largest publicly traded developer, owner and manager of Class A office properties in the United States, with a significant presence in Los Angeles, New York, San Francisco, Washington, DC, and Boston, where it’s headquartered. A recognized sustainability leader, BXP recently earned a top ESG rating in the 2020 Global Real Estate Sustainability Benchmark and achieved a carbon target six years ahead of schedule.

Working with Stem enabled BXP to find the right opportunity for energy storage to support its sustainability and financial goals at a flagship property in Los Angeles. The large, multi-site installation will save the company close to $2 million while helping the local utility reduce carbon emissions and air pollution.

DOWNLOAD CASE STUDY

Challenge

BXP approached Stem because it wanted to understand how to leverage energy storage to advance sustainability while getting a financial return. It recognized storage as complementary to its sustainability strategy, but it needed a hands-on expert partner who could deliver a turnkey experience.

Solution

Stem oversaw the seamless installation and operation of a 3.7MWh energy storage system – the largest indoor lithium-ion energy storage system in the U.S. And when the local grid is stressed, Stem’s Athena software dispatches BXP’s batteries and hundreds of others in SCE territory, and batteries power customer sites for a specified duration and earn revenues for doing so.

Results

Stem’s energy storage solution allows BXP to reduce its demand charges, as well as store electricity when it’s less expensive (and cleaner) and then dispatch it when it’s more expensive (and dirtier). Over the 10-year lifetime of the system, BXP is guaranteed to save more than $1.9 million. As a trusted energy advisor, Stem also helps the company navigate California’s electricity market.

Danny Murtagh

Vice President of Engineering, Boston Properties

“We take sustainability very seriously and are always looking for ways to improve. We had our eye on energy storage for years, and when it became feasible economically, Stem’s market leadership and our prior conversations gave us the confidence we needed to explore a new technology. We continue to see very positive impacts from our systems, and Stem’s professionalism along with regular meetings and service have been outstanding throughout.”

Related Case Studies

LBA Park Place

Irvine, CA | 1.3MW

Read More

Intercontinental Hotels Group

San Francisco, CA | 54kW

Read More

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

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Federal

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Utility Bill Optimization

Demand Response

Commercial EV Charging

Sustainability

Professional Services

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Federal Storage ITC

Connecticut Energy Storage Solutions Programs

Connecticut Energy Storage Solutions Programs

Hawaii’s Battery Bonus Program

Massachusetts SMART

New York VDER

Ontario Global Adjustment

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Copyright © 2022 Stem, Inc.

Privacy Policy | Terms of Use

Partner Code of Conduct

Human Rights Policy Statement

Sustainability Policy Statement

Customers

Enterprise

Commercial & Industrial

Utilities

Electric Cooperatives

Project Developers

Solar EPCs

IPPs & Asset Owners

Federal

Solutions

Athena

Energy Storage

Solar Plus Storage

Wholesale Energy Markets

Microgrids, Backup Power & Voltage Support

Utility Bill Optimization

Demand Response

Commercial EV Charging

Sustainability

Professional Services

Incentives & Programs

Federal Storage ITC

California’s Energy Storage Opportunities

Connecticut Energy Storage Solutions Programs

Hawaii’s Battery Bonus Program

Massachusetts SMART

New York VDER

Ontario Global Adjustment

Partners

Why Stem

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Distributors

Stem University

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About Stem

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