Making an impact in the fight against climate change is the end goal of Stem’s Corporate Vision to accelerate the clean energy transition. We have always invested in delivering that Vision for our employees, customers, partners, investors and, of course, the planet. Our investments are paying off, and we have a lot to celebrate!
- Stem was the first smart energy storage company to go public in the US.
- The AlsoEnergy acquisition drives more opportunities for solar adoption and impacts to our customers’ net zero, environmental, social, and governance (ESG) goals.
- We operate 2+ GWh of storage across 950+ sites and 25+ GW of solar across 200,000+ sites globally.
- We are helping 30+ Fortune 500 companies with their clean energy projects.
As we head into Earth Day on April 22nd, I reflected on the many ways Stem continues to deliver our vision through our collective efforts for today and beyond.
Stem’s AI-driven clean energy solutions and services are designed for impact
Stem’s Athena® platform tracks and reduces GHG impact from sites using grid-level GHG emissions data along with real time consumption data. For example, in California, Athena optimizes projects for California’s Self-Generation Incentive Program (SGIP) which require qualifying sites reduce grid-related GHG by at least five kilograms of carbon dioxide, on an annual basis, per kilowatt hour of ESS capacity. And in Massachusetts: Athena’s ability to track GHG helps partners and customers work towards and proactively report on the Solar Massachusetts Renewable Target (SMART) Program’s goals of achieving net-zero GHG emissions by 2050.
Our eMobility solutions maximize renewable use in EV charging and reduce GHG emissions by using stored solar energy onsite and cleaner energy from the grid. This year we announced strategic partnerships with leading EV solution providers like ENGIE North America, InCharge and most recently ChargePoint in an effort to help mitigate the negative impacts of transportation emissions, the largest share of U. GHG emissions.
The Rocky Mountain Institute (RMI), a trusted climate advocate and industry body focused on creating a low-carbon future, strongly believes that energy storage is an important component for that future. RMI developed a model identifying all the ways energy storage can provide value at scale. Athena is the only platform capable of executing on all 13 storage services identified by RMI.
Stem is recognized by industry experts for our renewable energy innovation
Frost & Sullivan ranked Stem as #1 for innovation in renewable energy and battery storage optimization and trading platforms.
Guidehouse Insights ranked AlsoEnergy as #1 in solar and storage monitoring and control.
Wood Mackenzie recognized Stem as the largest storage virtual power plant (VPP) operator in North America. Customers leverage our VPPs to maximize renewable energy use across their portfolios – that’s impact at scale!
Stem has been helping partners and customers advance toward their climate goals for years
During a Power Flex Alert, Orange County Sanitation was able to leverage the combination of Stem’s energy storage system and energy load reduction at its plants to achieve a near zero power import during most of the peak power times to help the utility grid.
Energy storage became crucial to Hawaiian Electric (HECO)’s sustainability strategy when the state’s significant increase in residential solar meant the utility had to quickly integrate solar assets onto its grid. With Stem’s support, HECO successfully deployed a 1MW “virtual power plant” (VPP) to contribute to HI’s renewable energy goals.
Stem is working with Ameresco on a 5MW solar project with 15MWh of energy storage for Holy Cross Energy (HCE). The project will help HCE meet its “100×30” goal and is expected to reduce annual GHG emissions by roughly 7,000 metric tons of carbon dioxide equivalent.
Penske worked with Stem on an energy storage system at an EV fleet charging depot in California’s Inland Empire. Athena ensures the project reduces GHG emissions in accordance with California’s SGIP by performing utility bill optimization, specifically around time-of-use (TOU) and managing it for GHG positive impact.
During California’s heat wave last summer, Stem dispatched 86 MW of stored energy, enough to power 103,000 homes, during a 5-hour Flex Alert. The stored energy capacity released to the California electric grid from commercial and industrial customers increased resilience and demonstrated the critical role of energy storage during extreme temperatures.
To learn more about Stem’s Sustainability Solutions, visit www.stem.com/sustainability.