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).
Stem is 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.
Our best-in-class Athena smart energy software drives success under this framework by optimizing the economic and operational trade-offs necessary for successful market participation.
Important milestones achieved by Stem during three recent customer projects in ISO-NE include:
Featured Case Study:
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.Read More