Stem, Inc. Signs California State University Dominguez Hills for Intelligent Energy Storage Services | Business Wire
Inc., the leader in intelligent energy storage, after a thorough
evaluation of multiple providers to deliver software-driven energy
storage services and reduce the university’s energy costs.
“We're excited about our partnership with Stem in executing this
project to deliver real savings for the campus, at an especially
important time to reduce our greenhouse gas footprint and control our
energy costs,” said Ken Seeton, Central Plant Manager and Energy Manager
of CSU Dominguez Hills. “We plan to shift these energy cost savings to
better use elsewhere in our services to our students.”
The CSU Dominguez Hills campus is one of early adopters of innovative
technology and one of the leaders in sustainability in the CSU system.
Stem is moving forward with construction on a 1 MW, 4.2 megawatt-hour
storage system to be housed on campus in Carson, California. Combined
with an existing Stem storage system at this CSU location, the project
will total 2 MW and 6.2 megawatt-hours. The storage systems will
eventually be paired with solar to maximize clean energy generation and
enhance the campus’ onsite sustainability plans.
The storage system Stem is operating for CSU will join a network that
acts as a “Virtual Power Plant,” delivering flexible capacity for the
local utility to help respond to increasingly variable solar generation
after the closure of the San Onofre Nuclear Generating Station in the
highly-congested West Los Angeles Basin. Stem made history
in the fall of 2014 when it was awarded this 85 MW contract—the largest
for any behind-the-meter energy storage provider.
“CSU Dominguez Hills is another example of a higher education leader who
seeks Stem’s automated energy savings while also contributing to more
intelligent grid solutions,” said John Carrington, CEO of Stem.
“California’s universities and colleges want energy storage to help them
control their energy choices, play a strong role in their community.
help transition the state to even higher amounts of renewable energy.”
Stem is the market leader in energy storage for higher education sites,
with the most intelligent storage projects installed and under
construction, including Soka University, Whittier University, the
College of Marin. Many others.
Stem is building and operating the largest digitally-connected energy
storage network and using world-class analytics to optimize the value of
customers’ energy assets to deliver grid services. The company pairs
intelligent software with energy storage to learn building load patterns
and shift energy use away from the most expensive times. With over 120
megawatt-hours across more than 600 locations, Stem is the world leader
in the commercial-scale energy storage market.
About Stem, Inc.
Stem creates innovative technology services that transform the way
energy is distributed and consumed. The company’s mission is to build
and operate the largest digitally connected energy storage network for
our customers. Our world class analytics optimize the value of
customer’s energy assets and facilitate their participation in energy
markets, yielding economic and societal benefits while decarbonizing the
grid. Headquartered in Millbrae, California, Stem is funded by a
consortium of leading investors including Angeleno Group, Iberdrola
(Inversiones Financieras Perseo) GE Ventures, Constellation Technology
Ventures, Total Energy Ventures, Mitsui &. Co. LTD., RWE Supply &.
Trading. Mithril Capital Management. Visit www.stem.com
for more information.