Energy Toolbase now includes Stem, Inc., an artificial intelligence (AI)-driven energy storage services company. This addition gives project developers who use Energy Toolbase the opportunity to design and deploy solar + storage solutions based on Stem’s energy storage controls. With this integration, distributed energy providers can simulate project performance, analyze financial returns, and develop sales proposals informed by Stem’s Athena AI platform and operating experience.
According to Stem, its AI platform, Athena, is the first of its kind for energy storage, performing real-time energy optimization that reduces energy costs and enables customers to access additional market opportunities via Stem’s network. Stem has approximately 1,000 energy storage systems under contract across six U.S. states, Ontario and Japan. Since 2012, Stem has captured data from its systems on a one-second basis to feed Stem’s predictive analytics, machine-learning, and grid-edge computing AI.
The Energy Toolbase software platform specializes in the sales and analysis of solar and energy storage projects. More than 1,000 distributed energy companies nationwide use the application during the sales and development stage of their projects. Energy Toolbase simplifies the complexity of modeling a customer’s unique energy use profile, utility rate schedule, net energy metering rules and incentive programs. This enables users to more efficiently qualify their projects, optimize the system size, and create compelling customer facing sales proposal.
The U.S. energy storage market is forecasted to grow rapidly over the coming years. According to Wood Mackenzie Power & Renewables’ U.S. Energy Storage Monitor, total energy storage deployments will grow from 311 megawatts (MWs) in 2018 to 4,447 MW in 2024, more than doubling each year.
