![]() ![]() Athena, Stem’s cutting-edge AI, is the first of its kind for customer-sited energy storage, performing real-time energy optimization that reduces onsite peak demand and enabling customers to participate via Stem’s networks to access additional services and value streams. ![]() Stem has the largest project finance pool among its peers, now over US$650 million, enabling Stem’s 900+ energy storage systems under management across six states and three countries (U.S., Japan, and Canada). “With Stem’s AI-powered services, The City of Huntington Beach can take advantage of dramatic energy bill savings and access new revenue opportunities by contributing to local grid reliability.” “California’s cities are leading the way in adopting innovative technology services that enhance their sustainability plans while maximizing taxpayer returns, but they expect proven experience from their vendors,” said John Carrington, CEO of Stem, Inc. When extreme weather like heat waves and wildfires strain the grid, Stem’s systems are dispatched in real time, providing Southern California Edison additional power needed in the highly-congested West Los Angeles basin. The site’s system joins Stem’s network of energy storage systems, the largest in the world, which enables the City of Huntington Beach to participate in a marketplace of additional revenue opportunities when the system is not needed onsite. “We were attracted to Stem’s track record with automated customer savings while also using their storage networks to help integrate more renewable energy into the local grid.” “The City of Huntington Beach has robust community sustainability goals and a responsibility to control our operating costs,” said Mayor Mike Posey, City of Huntington Beach, California. The City’s use of AI-powered energy storage complements a suite of municipal energy efficiency and sustainability initiatives, pairing energy storage with 2 MW of solar photovoltaic generation at the Civic Center, City Library, and City Yard. Stem’s energy storage system, powered by their AI, Athena TM, will predict the facility’s energy demand, helping to avoid a “demand charge” that can comprise over fifty percent of a customer’s monthly bill. Stem will build a 235 kilowatt-hour (kWh)-sized system at the City of Huntington Beach’s Civic Center, to begin operations early in 2019. 27, 2018 (GLOBE NEWSWIRE) - The City of Huntington Beach, California announced that it has selected Stem, Inc., the global leader in energy storage, for its first artificial intelligence (AI)-powered energy storage systems. View source version on businesswire.HUNTINGTON BEACH, Calif. For more information, visit Source: Stem, Inc. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem’s leading AI-driven enterprise software platform, Athena®, enables organizations to deploy and unlock value from clean energy assets at scale. Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. An archive of the webcast will be available shortly after the call on Stem’s website at for twelve months following the call. The replay will be available until Sunday, June 4, 2023. The call can also be accessed live over the telephone by dialing (855) 327-6837, or for international callers (631) 891-4304, and referencing Stem.Ī replay will be available shortly after the call and can be accessed by dialing (844) 512-2921, or for international callers, (412) 317-6671. The conference call may be accessed via a live webcast on a listen-only basis at. A press release regarding the results will be issued at approximately 4:05 p.m. The conference call is scheduled to begin at 5:00 p.m. (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, will hold a conference call on Thursday, May 4, 2023, to discuss its financial results for the quarter ended March 31, 2023.
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