We think of the company as building and operating the largest digitally connected network of intelligent energy-storage solutions. Q: How was Stem’s 2018? And where does Stem fit in the changing landscape of energy use and efficiency?Ī: It’s been a good year. In the longer term, states and system operators are adjusting their rules to make a place for batteries.Ĭarrington and Polly Shaw, Stem’s vice president of regulatory affairs, answered questions from BloombergNEF in a phone interview in late November. In the short term, battery makers are pushing Congress to clarify that the investment tax credit for solar power also applies to storage. Stem also may benefit from regulatory changes in the works. states as well as Japan and Canada, has grown from four sites to more than 900 installed or under contract since 2013. Chief Executive Officer John Carrington said Stem, which now operates in six U.S. The company’s signature product, Athena, combines batteries and artificial intelligence to manage energy use for commercial customers, enabling them to buy power when prices are low and limit use during expensive peak-demand periods. Stem Inc., based in Millbrae, California, is trying to take advantage of all those trends. ![]() The retail energy market is moving beyond a straight count of kilowatt-hours, and customers want or need to know when and where the power was used, whether the source was renewable, how they can reduce their use when demand is peaking, and how they can be good “grid citizens.” This article first appeared on the Bloomberg Terminal.īatteries, solar, wind and computing keep getting cheaper, opening up a new range of options for companies that buy and sell power.
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