Stem Inc said that its portfolio of aggregated battery energy storage systems was called into action to help balance electricity networks across four different states and provinces in the US and Canada during heat waves in June.
Renewable energy investment group CleanCapital and artificial intelligence-driven energy storage provider Stem Inc have provisionally agreed a financing partnership for US energy storage projects of 30MW or under.
Stem Inc’s shares begin trading on the New York Stock Exchange today, after the “artificial intelligence-driven clean energy storage services” company completed its business combination with special purpose acquisition company (SPAC) Star Peak Energy Transition Corp.
Inverter manufacturer Sungrow, which is rapidly becoming also known for its energy storage systems (ESS), will be supplier for Stem Inc.’s forthcoming large-scale solar-plus-storage projects in Massachusetts.
Investment into the Ontario market for commercial energy storage has received another big boost, with US energy storage provider Stem Inc announcing today a significant cash injection from the Ontario Teachers’ Pension Plan group.
The commercial and industrial segment is one of the most promising sub-sectors of the energy storage space. Julian Jansen of IHS Markit describes recent efforts to model the US C&I storage landscape and what it reveals about this dynamic emerging market. As told to Andy Colthorpe.
The CEO of ‘intelligent energy storage’ provider Stem Inc, has said a recently-awarded project in Japan will lean on business models the company has used in the US, while artificial intelligence (AI) technology makes that same transference possible.