Stem, Inc. and SB Energy Announce Technology and Commercial Alliance to Advance AI-Enabled Energy Management of Utility Scale Renewables
November 03, 2023 at 01:37 am IST
Share
Stem and SB Energy announced that the two companies have entered a multi-year technology and commercial alliance. Stem and SB Energy have agreed in principle to terms for a technology joint venture that will combine SB Energy's Digital Platform and acumen in developing, building, and operating infrastructure assets with Stem's best-in-class technology development capabilities to deliver high-value energy products. In addition, Stem will be SB Energy's preferred partner for the energy management system (EMS) for 10 GWh of SB Energy's energy storage pipeline across North America, including CAISO and ERCOT, over the next five years.
As energy buyers seek to decarbonize around-the-clock operations, the combination of these technologies will be crucial to deliver the most innovative products, enabling dispatchable renewable energy at scale.
Stem, Inc. provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Its artificial intelligence (AI)-driven enterprise software platform, Athena, enables organizations to deploy and unlock value from clean energy assets at scale. It delivers its battery hardware and software-enabled services to its customers through its Athena platform. Its applications, including AlsoEnergyâs PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. It operates in two key areas within the energy landscape: Behind-the-Meter (BTM) and Front-of-the-Meter (FTM). BTM systems provide power that can be used on-site without interacting with the electric grid and passing through an electric meter. It also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and electric vehicle (EV) fleet charging.