New England’s Wholesale Energy Markets
Front-of-the-Meter (FTM) Opportunities with Stem
Supporting Multiple Value Streams for Customers in ISO-NE
With Stem’s extended project developer support services and Athena®’s ability to deliver multiple value streams, Stem has grown rapidly in the ISO New England (ISO-NE) market since it expanded market participation activities for FTM storage in 2020. As of mid-2021, Stem’s Athena-controlled systems comprised 52% of Massachusetts and 19% of ISO-NE’s operational continuous storage facilities active in the wholesale energy, ancillary services, and forward capacity markets. Athena continues to deliver an average of up to 30% internal rate of return (IRR) for its users.
From early site analysis to managing the bidding strategies using our AI software, Stem’s expertise in wholesale markets ensures our developer partners in ISO-NE achieve their revenue goals.
Across various projects in New England, Stem is enabling its project developer customers to co-optimize value streams – including day-ahead energy markets, real-time energy markets, forward reserve markets, real-time reserve markets, frequency regulation, forward capacity market, Clean Peak Energy Portfolio Standard program, coincident peak reduction, solar shifting incentives, solar ITC earnings, and Solar Massachusetts Renewable Target (SMART).
Why Partner with Stem?
Achieve your revenue goals
Location
Stem Services for Developers
- Solution Engineering & Site Design
- ITC Compliance
- Hardware ESS
- Co-optimization of Value Streams
- System Operation
- Asset & Capacity Market Participation
Key Benefits
- Maximize Market Revenues
- Optimize Bidding Strategies
- Automate Program Management & Compliance
- Enable Optimal Design
- Support Financing & Bankability
- Enhance Storage Lifecycle Value
Featured Resources
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Maximizing Battery Storage Revenue in New England's Wholesale Energy Market
Featured Case Study:
Kearsarge Energy
Kearsarge partnered with Stem to operate a large-scale, front of meter energy storage system located on a former landfill in Haverhill, Massachusetts. The 2MW / 9MWh energy storage system, paired with 3.6MW of solar PV generation, is the largest Massachusetts project that participates in New England wholesale energy markets through Stem’s existing partnership with Kearsarge.
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