Stem has been awarded 85 MW in the local capacity procurement from Southern California Edison (SCE). Under the terms of this multi-year agreement, Stem will deploy its energy storage solution at customer locations in the Western Los Angeles Basin to act as dispatchable capacity to enhance the local reliability of the region.
“SCE has a track record of leadership and national influence in embracing innovative preferred resources, from its support of solar power and energy efficiency to its rollout of demand response programs,” said John Carrington, CEO of Stem. “We have spent several years building software, financing, and innovative distributed storage solutions that provide a dynamic grid resource. The result is a solution that looks and feels familiar to utilities and benefits their customers.”
Through the combination of reliable storage and a proprietary software platform, Stem empowers customers to more efficiently monitor and manage energy use while providing additional capacity to SCE. The Stem Zero financing program, backed by more than US$100M in funding, enables immediate energy savings with no upfront cost.
“This is a major win for behind-the-meter storage, demonstrating that this technology is a valuable tool for both utilities and their commercial and industrial customers,” said Janice Lin, co-founder and executive director for the California Energy Storage Alliance (CESA).