Stem’s PowerBidder™ Pro Selected by Two CCAs in CAISO
Stem’s market bidding software to help drive returns and operational efficiencies across utility-scale renewable energy assets for
Stem (NYSE: STEM), a leader in AI-driven clean energy solutions and services, today announced that its Athena® PowerBidder™ Pro application has been selected by two community choice aggregators (CCAs) –
“Stem has been a trusted renewable energy partner in CAISO since 2015 and understands the challenges CCAs face to cost-effectively decarbonize the electricity grid and preserve reliability and resilience for their customers, said
Dennis Dyc-O’Neil, Chief Operations Officer at
PowerBidder Pro is expected to begin supporting the CCAs in 2024. The software will manage three resource sites that will help the CCAs achieve their emission reduction goals, although the overall value of these assets is highly dependent on bid strategy, market conditions and contract constraints. Available on the Athena platform, Stem’s PowerBidder Pro will be instrumental in managing the CCAs’ storage assets currently or soon-to-be online in CAISO. PowerBidder Pro’s scalability is also expected to help the CCAs drive returns and manage risks effectively by seamlessly managing trading strategies as their BESS portfolio grows and evolves.
Learn more about PowerBidder Pro at stem.com/powerbidder-pro.
About Stem
Stem (NYSE: STEM) provides clean energy solutions and services that are designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.
About
About Silicon Valley Clean Energy
Silicon Valley Clean Energy is a not-for-profit, community-owned agency providing electricity from renewable and clean sources to more than 275,000 residential and commercial customers in 13 Santa Clara County jurisdictions. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Silicon Valley Clean Energy is advancing innovative solutions to fight climate change by decarbonizing the grid, transportation, and buildings. Learn more at SVCleanEnergy.org.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240319162877/en/
Stem Investor Contacts
IR@stem.com
Stem Media Contact
Suraya Akbarzad, Stem
press@stem.com
Manager of Communications
pberridge@3ce.org
Silicon Valley Clean Energy
Principal Communications Specialist
408-721-5301 x1020
Michaela.pippin@svcleanenergy.org
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