HONOLULU– June 20, 2016 —(BUSINESS WIRE)–All public elementary, middle, and high schools in the Hawaiian Electric Companies’ service territory are receiving new, intelligent, energy-monitoring devices and software through a unique collaboration among Stem, Inc., a California-based leader in software-driven energy storage; Hawaiian Electric Companies; Energy Excelerator and the Hawai‘i Department of Education (DOE).
“Hawaiian Electric is committed to meeting Hawai‘i’s 100 percent renewable generation goals and continually improving the services we provide,” said Shelee Kimura, vice president for corporate planning and business development. “By working with leading technology providers like Stem and through collaborative partnerships like that with the DOE, we will meet our goals cost-effectively and efficiently while enhancing the services available to our valued customers.”The collaboration is part of a larger PowerScope Deployment Program offered by Hawaiian Electric to help up to 400 commercial and industrial customers monitor and manage energy use and make wise alternative energy decisions, including selection and right-sizing of PV solar or energy storage systems. Commercial and industrial customers (including private schools) interested in participating should contact their Hawaiian Electric commercial account representative for more information. “This partnership is an outstanding example of utilities, customers and technology providers coming together to support even the loftiest renewable energy goals while benefitting all parties,” said John Carrington, Stem Inc.’s CEO. “Stem is excited to provide Hawaiian Electric with this new, advanced service and, at the same time, expand the services offered to our utility customers.” This marks Stem’s first expansion beyond intelligent energy storage to provide monitoring and management software as a service for utilities and their customers. The collaboration is also supported by the Hawai‘i Energy Excelerator, a program of the Pacific International Center for High Technology Research (PICHTR). Last year, Hawaiian Electric and Stem announced another first-of-its-kind collaborative project through the Energy Excelerator to install 1 MW of customer-sited intelligent energy storage on O‘ahu to provide additional grid response capability to deal with the variability of solar generation and help customers reduce electricity bills. About Stem, Inc. Stem, a leading provider of intelligent energy storage, combines big data, predictive analytics and energy storage to simultaneously reduce electricity costs for businesses and in aggregate, deliver services to the grid. Stem’s software learns a customer’s unique energy profile to maximize savings and displays real-time and predicted energy use alongside actionable recommendations. When aggregated, Stem’s customer-sited storage network offers flexible, cost-competitive capacity to the grid. Headquartered in Millbrae, California, Stem is funded by a consortium of leading investors including Angeleno Group, Iberdrola, GE Ventures, Constellation Technology Ventures, Total Energy Ventures, Mitsui & Co., Ltd., RWE Supply & Trading and Mithril Capital Management. For more information visit www.stem.com About Hawaiian Electric Hawaiian Electric and its subsidiaries, Maui Electric and Hawaii Electric Light, serve the islands of Oahu, Maui, Lāna‘i, Moloka‘i and Hawai‘i Island, home to 95 percent of the people of Hawai‘i. Hawaiian Electric’s parent company is Hawaiian Electric Industries (NYSE: HE). In a changing world, the Hawaiian Electric Companies are taking the lead in adding renewable energy and developing energy solutions for their customers to achieve a lower cost, clean energy future for Hawai‘i. For more information, visitwww.hawaiianelectric.com.