Stem
Accelerating the Clean Energy Transition

Ayear ago, only a quarter of the world’s companies had established definitive goals for reducing carbon emissions. Recent data indicates a marked increase in this commitment, with 75 percent of them now having clear decarbonization objectives aimed at achieving net zero emissions.

This ambitious path forward calls for the modernization of the grid, including the integration of sophisticated clean energy technologies while managing aging infrastructure, and taking a rapidly evolving policy environment into account. Increasingly complex systems must work with new and evolving technologies to ensure that the 24/7 nature of energy needs are met. A challenge of this magnitude can only be overcome with advanced, AI-driven software technologies.

Stem stands at the intersection of two major trends— decarbonization and AI – with market-leading software solutions and services to help accelerate the clean energy transition.

Stem’s AI-driven clean energy analytics platform, Athena^®, empowers utilities to make data-driven decisions to bring clean energy projects online with lower risk and greater efficiency. The platform uses advanced machine learning algorithms that leverage Stem’s decade of real-world solar and storage knowledge to continually optimize assets with flexibility and control and ultimately deliver value to the grid. The goal is to maximize value by participating in wholesale energy markets, behind-the-meter programs, or other emerging options.

Customers can engage with Athena through a fully managed service model, where Stem’s energy experts manage all aspects of the energy strategy to the customer’s specifications, or through a self-service licensing model, allowing utility specialists to directly employ Athena’s comprehensive suite of tools. This flexibility allows the company to seamlessly align with customers’ diverse requirements and operational preferences.

Athena also offers award-winning software applications like PowerBidderTM Pro and PowerTrack. PowerBidder Pro takes an innovative approach to bid optimization by combining the power of AI and a deep understanding of the intricacies of energy markets to manage economic performance. With PowerBidder Pro, customers have access to real-time performance metrics, industry-leading forecasts and analytics, and customizable configurations necessary to tailor trading strategies to ESS constraints, contractual obligations, and the customers’ unique risk management objectives and views on volatile market conditions.

As a result, energy professionals actively manage clean energy assets with confidence, control, and scalability. Stem’s PowerTrack is an all-in-one application to meet the needs of commissioning, monitoring, optimizing, and controlling clients’ clean energy portfolio or fleet. Backed by a depth of data for high-quality analytics, the insights from PowerTrack enable intelligent decision making, leading to up to a 3 to 5 percent reduction in operating expenses and a 1 to 5 percent increase in total energy production. As a flexible and extensible application, PowerTrack enables customers to standardize entire clean energy portfolios on one application.

Jake Berlin, Vice President of Integrated Storage Solutions at Stem, relates the real-world impact of these suites. “To date, Stem’s solutions have accumulated over 30 million cumulative operating hours. This demonstrates our accelerated deployment capabilities, increased performance capabilities, and reduced risks for energy partners seeking renewable energy solutions.”

With more than $40B of solar and storage assets relying on Athena to optimize system operations, Stem and its energy experts guide customers through every stage of their clean energy transition. Stem’s software solutions and services can deliver value across most U.S. energy markets including ERCOT and CAISO.

To date, Stem’s solutions have accumulated over 30 million cumulative operating hours. This demonstrates our accelerated deployment capabilities, increased performance capabilities, and reduced risks for energy partners seeking renewable energy solutions.

Berlin explains, “We don’t confine our clients; needs to a one-size-fits-all approach. We remain flexible, building our services and software suite around our clients.”

This customer-centric philosophy extends to Stem’s procurement strategies as well. Years of orchestrating large-scale installations worldwide have fostered enduring partnerships with top OEMs in the solar and storage industries. These connections not only provide Stem with a competitive edge but ensure its clients benefit from preferential pricing, furthering their journey toward efficient and sustainable energy solutions.

Stem continues to pursue strategic partnerships that align with its client-focused approach. The company recently entered into a strategic technology and commercial alliance with SoftBank (SB) Energy, a forerunner in climate infrastructure and technology. Stem will be SB Energy’s preferred partner for the latter’s 10 GWh storage pipeline across North America, including CAISO and ERCOT. This collaboration seeks to leverage SB Energy’s digital platform and developmental prowess along with Stem’s technological expertise. It marks a pivotal development in the North American market, aiming to push the boundaries of AIenabled clean energy solutions further.