Incentives & Programs
PJM Energy Storage Solutions
Behind-the-Meter Opportunities with Stem
PJM is a regional transmission organization (RTO) that covers primarily the mid-Atlantic but also the Chicago and Ohio regions. As the RTO for the largest wholesale power market in the world, it facilitates the purchasing and selling of electricity for all 65 million commercial, industrial, and residential consumers of energy within its footprint. It's also a market that has the majority of participating states operating in a deregulated manner – meaning, the supply and delivery of electricity are separated and generators have to operate in the PJM market as competitive generation assets.
Mitigate Coincident Peaks and Participate in Wholesale Markets
PJM’s billing flexibility combined with high coincident peak (CP)-based charges — i.e., Capacity and Transmission – create lucrative and bankable opportunities for behind-the-meter (BTM) storage systems in PJM. CPs are not easy to predict, especially while trying to optimize around other revenue streams. Your energy storage system must be able to stack multiple value streams while also responding in real-time to catch shifting peaks. BTM systems can also participate in the wholesale power markets by acting as load reducers at the customer site. The combination of these two strategies offers a diverse revenue mix at a level substantially higher than observed in most other BTM markets.
Stem’s Services
- Coincident peak forecasting and management
- Energy storage project design and modeling
- Energy storage procurement
- End-to-end installation & operation
- Co-optimization of multiple value streams: transmission & capacity CP reduction, demand response based wholesale market participation, and utility bill optimization
Location
Learn more about PJM
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Why Partner with Stem?
With new policies emerging in states and utilities across PJM, you need a solution that can adapt and keep your project deriving value over its lifetime – whether that means participating in new demand response programs, maximizing wholesale market revenues, or co-optimizing multiple value streams. Stem is a C&I storage leader that helps with all elements of adopting energy storage and participating in CP-based wholesale markets like PJM. Stem holds an advantage in entering this territory because our experts understand the complexity of the value stack and CP mitigation, which requires the type of forecasting that only a leader like Stem can deliver. Stem’s experts will guide you through wholesale market participation, ancillary services, and frequency regulation programs and will determine and optimize your storage systems for the most efficient operation. We can do so within the context of local tariffs and ensure that you do not increase demand charges.
Best-in-class Software
- Co-optimization of multiple value streams: transmission and capacity cp reduction, solar charging, utility bill optimization, and wholesale market participation
- Coincident Peak forecasting and management is a core competency; PJM BTM service builds off CP experience in IESO GA, NY VDER, and MA Clean Peaks
Unparalleled Experience
- Stem was the first to serve many C&I customers with BTM energy storage in many markets
- Support hundreds of partners through the Stem Channel Partner Program
Exceptional Service
- Support with optimally-sized solar and storage designs
- Robust supply chain that offers competitive pricing and de-risks delayed deliveries and commissioning schedules
- Coordinate with local utilities and program administrators to ensure customers are maximizing revenues
