Stem Ranked #1 for Innovation in Renewable Power and Battery Storage Optimization and Buying and selling Platforms by Frost & Sullivan

Athena^® AI platform acknowledged as “a high software program resolution with a observe file of delivering tangible, high-value ROI”

SAN FRANCISCO, November 03, 2022–(BUSINESS WIRE)–Stem (NYSE: STEM), a worldwide chief in AI-driven clear power options and providers, at present introduced that Frost & Sullivan ranked Stem because the Chief in Innovation within the Frost Radar™: Digital Platforms for Renewable Power and Battery Storage Optimization and Buying and selling report. The report attributed Stem’s rating to the mix of Athena, Stem’s clear power optimization platform, PowerTrack, its industry-leading photo voltaic monitor and controls utility, and the corporate’s experience in front-of-the-meter (FTM) expertise and optimization.

“Stem is a notable pioneer in BTM analytics and asset optimization and leveraged its experience, credibility, and AI platform, Athena, to enter the FTM market in 2019. Its cloud-native SaaS platform leverages AI and steady machine studying with totally automated mannequin choice to continually enhance the outcomes of its optimization, forecasting and automatic power buying and selling. Stem’s group of power specialists helps your complete worth chain and offers insights on how tasks can seize extra returns given market dynamics throughout jurisdictions. With a continued concentrate on product management and buyer worth, Stem is effectively positioned to proceed consolidating its FTM market management place,” reported Frost & Sullivan.

Frost & Sullivan forecasts world grid-scale battery storage programs to develop quickly within the coming years, reaching 260 gigawatts (GW) by 2030 at a compound annual progress fee of 34% from 2021. Because the power transition advances and energy technology portfolios and market guidelines turn into extra subtle, clients are anticipated to more and more require machine-driven forecasting and optimization and buying and selling algorithms to maximise revenues, scale back carbon impacts, and supply power resilience.

“Stem is honored to be acknowledged as an Innovation Chief by Frost & Sullivan, a number one world analysis and progress consulting agency — a testomony to the last decade of labor Stem has invested in delivering optimized operational and financial worth to our clients,” mentioned Larsh Johnson, Chief Expertise Officer at Stem. “With dozens of gigawatts of renewable power property beneath administration in additional than 50 nations worldwide, Stem has the experience to repeatedly monitor evolving market wants and the info to translate that into value-added options for our clients’ clear power property and portfolios.”

For the report, Frost & Sullivan independently evaluated Stem as a “market powerhouse” together with 10 different corporations providing battery storage and renewable power buying and selling and optimization providers. Per Frost & Sullivan, the businesses evaluated exhibit a real dedication to decarbonization by unlocking the untapped worth of battery storage and serving to speed up the power transition. The report’s Innovation Index particularly measured an organization’s capability to develop merchandise, providers, or options (with a transparent understanding of disruptive Mega Traits) which might be globally relevant, are capable of evolve and develop to serve a number of markets, and are aligned to clients’ altering wants. The report will be accessed at https://www.stem.com/frost-sullivan-radar-report/.

About Stem

Stem (NYSE: STEM) offers clear power options and providers designed to maximise the financial, environmental, and resiliency worth of power property and portfolios. Stem’s main AI-driven enterprise software program platform, Athena®, allows organizations to deploy and unlock worth from clear power property at scale. Highly effective purposes, together with AlsoEnergy’s PowerTrack, simplify and optimize asset administration and join an ecosystem of homeowners, builders, property, and markets. Stem additionally presents built-in companion options to assist enhance returns throughout power tasks, together with storage, photo voltaic, and EV fleet charging. For extra data, go to www.stem.com.

Supply: Stem, Inc.

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Contacts

For Traders:
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(847) 905-4400

For Information Media:
Suraya Akbarzad, Stem
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