Stem Survey Reveals C-Suites to Increase Sustainable Investments
These endeavors are funded through redistributed budgets (55%), incentives from utilities (50%), and federal or state tax incentives (46%).
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City of Huntington Beach Taps Stem for AI-Powered Energy Storage
The City of Huntington Beach, California, selected Stem, Inc. to build a 235 kilowatt-hour AI-powered energy storage system for its new Civic Center. When operations begin early next year, the system is expected to predict the facility’s energy demand, saving the city money.
HECO C&I Customers Participate in Pilot of Digital Energy Storage Network from Stem
Hawaiian Electric (HECO) announced on January 30 that Millbrae, California-based Stem had completed installation and testing of the utility’s new 1-MW digitally connected energy storage network – designed to enable 29 commercial customer sites to accommodate more renewable energy resources on the Oahu grid.
Environmental Executive Moves: Waste Management, USGBC, CH2M, NG Advantage, Stem
Here’s the latest news on hirings, promotions and departures among environmental leaders.
Multiple Drivers Accelerating Storage Growth
A number of trends are pushing the sector, including government mandates that the technology must be implemented.
Stem Adds $100M in Financing
Stem Inc. has received $100 million in financing from Starwood Energy Group Global LLC. The company says that it now has a project financing pool of more than $350 million. Stem, which provides energy storage for commercial and industrial facilities, says it has more than 75 MWh of projects deployed ... Read more »
Why GE, Other Energy Giants Are Investing Billions in Battery Storage
General Electric has invested millions of dollars into German batter storage provider Sonnen — the latest move by an energy services giant to buy into the growing energy storage market.
Stem Tests Business Demand Response in CAL-ISO Real-Time Market
For the first time last week, an energy storage provider participated in California’s real-time energy markets. Millbrae, California-based Stem announced on September 3 that it had successfully bid into the California Independent System Operator (CAL-ISO) real-time market using aggregated customer storage systems – and can now automatically dispatch stored power ... Read more »
Stem to Join CAISO
Stem, which describes itself as an intelligent energy storage firm, has bid into the California Independent System Operator (CAISO) real-time market via its aggregated customer storage systems. Stem’s predictive software is combined with Olivine’s platform to enable bidding and automatic dispatch of stored power to the energy market, according to ... Read more »
Energy Storage Helps Hotel Reduce Demand Charges by 10%
The Ocean Park Inn in San Diego installed Stem’s energy storage system and is expected to save an average of $4,500 per year, lowering its annual demand charges by more than 10 percent. The combination of San Diego Gas & Electric’s energy storage incentives and Stem’s financing plan allowed the ... Read more »
Stem Raises $12M
Stem, a US provider of energy storage, raised $12 million in the first tranche of a Series C funding round led by Mitsui. Stem and Mitsui plan to collaborate on Stem’s entry into new markets by leveraging Mitsui’s customer base and sales and marketing resources. Through this investment, Mitsui will ... Read more »
Energy Storage Startups to Watch
Gigaom has identified 12 battery technology and energy storage service startups that have completed sizable demonstration projects or started to deploy their energy storage systems more widely: Aquion Energy: This Pennsylvania-based startup has secured a deal to install a 1 MWh battery that will store electricity from a 176 kW ... Read more »