As California transitions to an affordable and reliable clean energy grid, utilities and other entities across the state are procuring critical grid capacity resources to ensure the lights stay on when the grid is strained. While Stem is partnering with developers on a range of project sizes in California Independent System Operator (CAISO) territory, we see a significant opportunity to get to market fast, de-risk your portfolio and increase chances of success with <20MW standalone storage projects.
Stem has successfully operated energy storage resources under California’s resource adequacy (RA) program since 2016. As such, we are intimately familiar with the RA program and have devoted staff who monitor requirements and changes on an ongoing basis.
From early site analysis to managing the bidding strategies using our best-in-class Athena® smart energy software, Stem’s expertise in wholesale markets ensures our developer partners in CAISO territory to achieve their revenue goals.
Stem works with our developer and off-taker partners to register energy storage systems as RA assets and in forward capacity markets, and to submit bids into Day-Ahead and Real-Time markets. RA projects are a natural fit with other market value streams, as the “must-offer” model requires continuous market participation from RA resources and fits with underlying load-serving needs.
In addition to delivering on RA, energy storage asset owners must maximize wholesale market revenues for project success. Stem increases value and decreases risk for off-takers and asset owners by adapting to dynamic market conditions to maximize the value of energy storage over its lifetime.
We’re playing a key role in helping developers get these projects to the finish line through our extensive experience in storage development efforts, our supply chain strength, analytical support around technical and economic analysis, construction and permitting support, and ultimately operating the projects in the market to achieve optimized revenues.
Featured Case Study:
Electrodes Holdings LLC needed an expert software provider to take over management of its Los Angeles-area distributed energy storage fleet. Electrodes selected Stem after a rigorous RFP process, and Stem onboarded all systems within two months. Since Athena took control of the portfolio, average customer savings have increased by more than 30%.Read More