Stem will feature its new front-of-meter wholesale offerings and resilient solar-plus-storage solutions during Solar Power International 2019 (Booth 5075).
“There is a tremendous opportunity in the wholesale distributed generation market for solar. But key to that is intelligent storage, which can turn solar into a flexible, responsive resource that can be traded in the energy markets. Maximizing returns by determining which markets and programs to utilize over the life of the project is where Stem’s expertise most benefits the solar asset owner,” said Alan Russo, chief revenue officer of Stem. “Building on our experience with storage co-sited with solar and pioneering expertise in delivering best-in-class solutions across the entire energy lifecycle, Stem is well positioned to expand its offerings into the front-of-meter market, which is the highest growth segment for storage.”
Stem recently announced a new partnership with Syncarpha Capital that will enable it to expand into front-of-meter markets. Stem is working with Syncarpha to build a large-scale storage project co-sited with distributed PV solar in Massachusetts. A central component of the system is Stem’s Athena AI platform, which will support program management, trading strategy and execution, forecasting solar capacity, asset management optimization and compliance.
Stem’s front-of-meter offering builds on its extensive experience trading in the California ISO, aggregating behind the meter assets and trading them in the wholesale markets as virtual power plants.
Ted Ko, director of Policy for Stem, also will be a featured panelist in the session “Building PV & Storage for a High-Penetration Future,” scheduled for Tuesday, September 24 at 9:30 a.m. in room 250F. Ko will discuss policy and market mechanisms being implemented and proposed that will enable storage to support solar PV, as the industry seeks to achieve 50% or greater penetration.
News item from Stem