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Search Results for: virtual power plant

Wood Mackenzie Recognizes Stem as Largest Storage Virtual Power Plant Operator in North America

SAN FRANCISCO – March 21, 2023 – Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced that it has been recognized as the largest energy storage virtual power plant (VPP) operator in North America by Wood Mackenzie, the leading provider of intelligence for the world’s natural resources sector. Wood Mackenzie’s Virtual Power Plant Market

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March 21, 2023
Stem Blog

How AI and Software Are Transforming Virtual Power Plants 

With the rapid adoption of renewable energy and battery storage – including commercial systems, residential systems, electric vehicles (EVs), and EV charging stations – virtual power plants (VPPs) are going to be far more prominent and dynamic than in the recent past. The only way for grid operators to capitalize on the aggregate power of these sites and build a

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October 20, 2021

Stem, Inc. Announces South America’s First Virtual Power Plant and Completes First Smart Energy Storage Project in Chile

Stem, Inc. Announces South America’s First Virtual Power Plant and Completes First Smart Energy Storage Project in Chile Manufacturing facility energy storage system now operating on Stem’s Athena® software Project part of joint venture with Copec SAN FRANCISCO, Calif. – September 15, 2021 – Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy

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September 15, 2021

Stem Dispatches 86 MW of Stored Energy, Enough to Power 103,000 Homes, During 5-Hour Flex Alert in California

Stem Dispatches 86 MW of Stored Energy, Enough to Power 103,000 Homes, During 5 Hour Flex Alert in California SAN FRANCISCO – September 9, 2022 – Stem (the “Company”) (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, announced today that its California virtual power plant (VPP) dispatched approximately 86 megawatts (MW) and 268 megawatt-hours (MWh) over

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September 8, 2022
Stem Blog

Stem’s Inflation Reduction Act Insights: Direct Pay for Public Power Utilities and Electric Cooperatives

https://vimeo.com/742434927 What is the Inflation Reduction Act’s direct pay option for public utilities and electric cooperatives, and how should they be preparing to take advantage of energy storage and solar tax credits? Under the ITC, or investment tax credit as we’ve known it to date, project donors are able to recover a portion of their investment costs as a credit

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August 23, 2022

Stem, Inc. Brings Smart Energy Storage to Electric Cooperative Projects with Today’s Power, Inc.

Stem, Inc. Brings Smart Energy Storage to Electric Cooperative Projects with Today’s Power, Inc. Integrated Smart Storage Solution Enables Grid Stability and Flexibility for Electric Cooperatives in a Growing Market MILLBRAE, Calif. – February 11, 2021 – Stem, Inc. (“Stem”), a global leader in artificial intelligence (AI)-driven clean energy storage systems, today announced the Company will provide smart energy storage

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February 11, 2021
Stem Blog

The Future of AI in Power Grids is Here

Recently I spoke with Wall Street Journal reporter Asa Fitch for his article “The Key to Keeping the Lights On: Artificial Intelligence.” From the top he noted that Florida Power & Light (FPL) technology investments are paying off especially with the effects of Hurricane Wilma (2005) and of Hurricane Irma (2017). Both category five hurricanes brought havoc and destruction, knocking

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February 28, 2020
Stem Blog

Reflecting on Stem’s Vision for Earth Day

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

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April 22, 2023

Electrodes Holdings

CASE STUDY​ Electrodes Holdings​​ Location Southern California Stem Operational Date Aug-Sept 2020 Customer Sites 86 Total Storage Capacity 345MWh Solutions Energy Storage, Utility Bill Optimization, Demand Response Performance Improvement 30% Athena Improves Investor Storage Portfolio Performance by 30% Electrodes Holdings LLC is a joint venture that specializes in clean energy infrastructure investments. In 2019, Electrodes bought a stake in a

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November 7, 2022
Stem Blog

How CCAs Can Maximize Value Through Battery Storage Procurements

This blog takes a deep dive into best practices for Community Choice Aggregators (CCAs) to procure battery storage. These best practices, along with additional information on drivers of energy storage value and how to capture that value, are discussed in further detail in Stem’s webinar, How California CCAs Can Leverage Battery Energy Storage Successfully. You can view the webinar on

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May 16, 2022
Stem Blog

Webinar Recap: How California CCAs Can Leverage Battery Energy Storage Successfully

Presented by Stem’s Mike Alter and Carolyn Collins Stem works with Community Choice Aggregation (CCA) electricity providers looking to deploy smart energy storage. In May 2022, leaders from the Stem team presented a webinar — now available on demand here — about how energy storage can be used by CCAs. While we encourage you to watch the full recording, here

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May 5, 2022
Stem Blog

Stem Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2022 

Recognized for Stem’s Athena® software, management of virtual power plants, and enabling the clean energy transition Fast Company has named Stem to its prestigious annual list of The World’s Most Innovative Companies for 2022 in the top ten of the Energy segment. This year’s list honors businesses that are making the biggest impact on their industries and culture as a

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March 10, 2022
Stem Blog

Stem Employee Insights Series: Kim Perelli, Regional Sales Manager

Q: Tell us about yourself and your background? I started my career in energy working for a utility auditing company in New Jersey. I then moved to a mechanical contractor doing work as an ESCO – very similar to Stem’s channel partners today – where I lead energy efficiency projects. So, those were great experiences to get started with because

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February 14, 2022

Stem’s Perspective for ESA Members: Storage is Software

The Energy Storage Association (ESA) knows the U.S. power sector is in the midst of profound transformation and envisions a path to 100 GW of new energy storage in the next decade. Based on an exploration of their original 35×25 Vision report, experts’ growth projections, and the impact of accelerating the clean energy transformation of the U.S. electricity grid, they

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November 19, 2021

Stem Announces Third Quarter 2021 Financial Results

Stem Announces Third Quarter 2021 Financial Results Company achieves record revenue, gross margin, backlog, pipeline and AUM Continued expansion of Athena® platform drives strong momentum into 2022 SAN FRANCISCO, Calif. – November 9, 2021 – Stem, Inc. (“Stem” or the “Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today its financial results for the third

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November 9, 2021
Stem Blog

What a Standalone Storage ITC Means for a Resilient Future

Even though the weather is starting to get cooler and fall is nearly upon us, things are starting to heat up in our nation’s capital. That’s because we are standing on the cusp of transformational clean energy legislation that will accelerate the transition to a fully decarbonized power grid.  While we have seen tremendous investment and deployment in renewable generation

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September 23, 2021

Stem Announces Second Quarter 2021 Financial Results

Stem Announces Second Quarter 2021 Financial Results Revenue at high end of guidance Company reaffirms 2021 financial guidance SAN FRANCISCO, Calif. – August 11, 2021 – Stem, Inc. (“Stem” or the “Company”) (NYSE:STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, announced today its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial and

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August 11, 2021

Stem, Inc. Supports Grid Operators and Retail Utilities During Extreme Heat

Stem, Inc. Supports Grid Operators and Retail Utilities During Extreme Heat  Releases energy from hundreds of battery storage systems across North America during critical period peak events in June Contributes to emergency grid capacity as leading demand response and grid services provider MILLBRAE, Calif. – July 1, 2021 – Stem, Inc. (“Stem” or “the Company”), a global leader in artificial

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July 1, 2021
Stem Blog

The Next Leg of Our Journey: Stem Debuts on the NYSE

On April 29, 2021, Stem became the first public pure play smart energy storage company, listed as “STEM” on the New York Stock Exchange.

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April 29, 2021

CSU Dominguez Hills

CASE STUDY​ California State University Dominguez Hills Location Carson, CA Commercial Operation Date December 2017 Facility Type University Campus Energy Storage System Size 1MW / 4.2MWh plus 1.5 MW solar PV Solutions Solar Plus Storage, Utility Bill Optimization, Demand Response, Sustainability Annual Savings $70K Energy Storage Delivers Cost Savings and Sustainability to Campus Located in the South Bay region of

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March 23, 2021
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