The Challenge
Managing participation in energy markets can be tedious and time-intensive for customer end users. Navigating each unique energy market’s technicalities and procurement processes make participating in these markets even more complex and resource intensive. As energy experts continually growing into new markets, Stem frequently tackles these complexities and demand response nuances in new markets.
The Solution
Stem recently partnered with Leap to support the grid and add new revenue streams for their California customers: Stem optimizes its connected energy storage network to deliver grid services and Leap facilitates wholesale energy market participation.
Case study
Maximizing the value stack for battery storage customers in California
Capacity under management
6,190 kW
⤴ Increased x10+
Sites
33
⤴ Increased 16 fold
Location
California
Annual revenue generated through Leap
$350,000
Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging.
Results
Leap’s automated energy market access platform enables Stem to focus on its mission of accelerating battery storage adoption and grid integration for the clean, resilient energy future.
Through their work together in California, Leap and Stem help maximize the value stack of battery storage projects by unlocking new revenue from energy assets and enrolling them in grid service / resource adequacy programs. As a result of these additional revenue streams, Stem is seeing increased interest directly from California customers in grid services and wholesale market participation.
This partnership allows customers to be active contributors to California’s grid resiliency. The revenue tapped from grid service program participation trickles down to benefit Stem’s end customers as well - Stem provides direct payments or bill credits to customers for participation in the program.
Ranging from capacity to day-ahead and real-time energy programs, Stem has enhanced the value of battery storage energy assets with Leap by stacking grid service programs across meters. Capacity and energy participation can increase monthly customer savings by as much as 25%.
What's next
Stem is now automating key processes with Leap, including bidding and dispatching, that were previously conducted manually. This enables Stem to seamlessly dispatch more capacity across their growing number of sites in California and expand into new energy markets across the U.S.
Remote-first working
Team retreats
Parental leave
Comprehensive health plans
Productivity and ergonomics
Flexible vacation policy
Company values