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

SAN FRANCISCO–(BUSINESS WIRE)–Stem (NYSE: STEM), a worldwide chief in AI-driven clear power options and providers, right this moment 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 software, and the corporate’s experience in front-of-the-meter (FTM) know-how 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 absolutely automated mannequin choice to consistently enhance the outcomes of its optimization, forecasting and automatic power buying and selling. Stem’s group of power specialists helps all the worth chain and supplies insights on how tasks can seize extra returns given market dynamics throughout jurisdictions. With a continued deal with product management and buyer worth, Stem is properly positioned to proceed consolidating its FTM market management place,” reported Frost & Sullivan.

Frost & Sullivan forecasts international grid-scale battery storage techniques to develop quickly within the coming years, reaching 260 gigawatts (GW) by 2030 at a compound annual progress charge of 34% from 2021. Because the power transition advances and energy technology portfolios and market guidelines change into extra subtle, prospects 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 international 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 prospects,” stated Larsh Johnson, Chief Know-how 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 information to translate that into value-added options for our prospects’ 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 capacity to develop merchandise, providers, or options (with a transparent understanding of disruptive Mega Tendencies) which can be globally relevant, are capable of evolve and develop to serve a number of markets, and are aligned to prospects’ altering wants. The report will be accessed at https://www.stem.com/frost-sullivan-radar-report/.

About Stem

Stem (NYSE: STEM) supplies 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®, permits 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 gives built-in accomplice 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.