Addition of 345 MWh and 25 Major Commercial and Municipal Southern California Edison Customers Demonstrates Stem’s Market Leading Athena Platform
Stem, Inc., the global leader in artificial intelligence (AI)-driven energy storage services, announced today that it was awarded an exclusive contract to provide its advanced, intelligent software for managing a portfolio of storage assets owned in partnership by SK E&S and SUSI Partners. The portfolio consists of 345 MWh and adds 25 new commercial and municipal Southern California Edison (SCE) customers in the Los Angeles area.
Stem was selected for this project based on its decade of energy storage management experience, track record of success in the utility space and best-in-class technology. Stem’s powerful Athena™ AI platform will provide the intelligence and real-time decision making to optimize the storage system and energy use for these new portfolio customers while providing local controllable capacity to SCE.
“Stem was one of the early pioneers of energy storage with a track record of success and innovation throughout our history. It was this combination of experience and industry-leading software that made us the ideal partner for the project,” said Stem CEO John Carrington. “With the addition of 87 systems and dozens of new customers, we have further extended our market leadership in energy storage with over 1,000 systems in our operating portfolio.”
The robustness of the Athena platform will enable Stem to seamlessly onboard these 87 complex systems and bring new revenue streams to the customers and asset owners.
“Stem stood out among the companies we evaluated in a highly competitive RFP process. We were extremely impressed with the company’s technical and operational capabilities as well as the superiority of its software and services solution,” said Daejeon Choi, Senior Vice President at SK E&S.