Wednesday, June 02, 2021 6:44:06 AM
Stem, Inc. Announces Collaboration with Ameresco on New Smart Energy Storage Project for Holy Cross Energy
June 02 2021 - 06:30AM
Business Wire
Colorado-based electric cooperative to install 15MWh battery storage system focused on providing sustainability, savings, and resilience
Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the Company will provide smart energy storage services to Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator and renewable energy asset developer, owner, and operator, for a battery storage project with Holy Cross Energy (HCE), an electric cooperative serving Garfield, Pitkin, and Eagle Counties in Western Colorado.
In April 2021, Ameresco announced a five megawatt (MW) solar PV project with 15 megawatt hours (MWh) of battery energy storage for HCE, which utilizes land leased from Colorado Mountain College at its Spring Valley Campus. With Stem’s system design support, Ameresco will build, operate, and maintain the campus facilities while simultaneously helping HCE meet its “100x30” goal of sourcing 100% of electricity used to serve members’ load with renewable resources by 2030. Additionally, this project is expected to reduce annual greenhouse gas emissions by an estimated 6,853 metric tons of carbon dioxide equivalent.
Colorado Mountain College, as a whole, is also expected to move closer to its goal to be carbon neutral by 2050, as the college will receive renewable energy credits from HCE that will offset electrical usage at its Spring Valley, Aspen, and Edwards campuses. Stem’s AthenaTM smart energy software will enable HCE to dispatch the battery into system peaks to minimize costs and maximize efficiency during peak times.
As a certified partner in Stem’s Partner Program, Ameresco will leverage Stem’s smart energy storage solution, which includes the Company’s Athena platform built to seamlessly integrate and optimize energy resources. Stem’s strategic position between distributed energy resources (DERs), the utility, and grid control systems results in renewable optimization and system efficiency.
John Carrington, Chief Executive Officer of Stem, commented, “As more electric cooperatives explore the addition of solar and storage to their systems, Ameresco and Stem offer a unique combination of capabilities to deliver value and enhance project returns. Stem provides turnkey solar plus storage solutions that drive consistent electricity delivery in both front of meter and behind the meter installations, while our AthenaTM system empowers partners and asset owners to monitor performance of their systems to achieve desired energy targets. We look forward to further growing our collaboration with Ameresco in electric cooperative markets and beyond.”
“One of the rewarding things about working in this industry is finding and utilizing solutions that are the best fit for our customers,” said Louis Maltezos, Executive Vice President of Ameresco. “Stem’s support in system design enables us to deliver an innovative solution, customized for Holy Cross Energy and Colorado Mountain College, that will significantly benefit the communities they serve today and over the long-term.”
Recent STEM News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/16/2024 07:28:32 PM
- Stem Announces PowerTrack™ APM for Comprehensive Solar and Storage Energy Portfolio Management • Business Wire • 05/02/2024 08:10:00 PM
- Stem Announces First Quarter 2024 Results • Business Wire • 05/02/2024 08:05:00 PM
- Stem Announces Appointment of AI Industry Leader as New Independent Director • Business Wire • 04/19/2024 08:30:00 PM
- Stem Announces First Quarter 2024 Earnings Results Conference Call • Business Wire • 04/16/2024 12:30:00 PM
- Stem’s PowerBidder™ Pro Selected by Two CCAs in CAISO • Business Wire • 03/19/2024 12:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 02:24:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:43:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:36:56 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:36:38 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:35:43 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:34:55 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:34:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:33:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:04:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:25:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:25:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:23:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:23:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:23:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:22:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:22:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:20:25 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM