Stem, Inc. Signs California State University Dominguez Hills for Intelligent Energy Storage Services
Company expands its leadership in higher education
MILLBRAE, Calif.--(BUSINESS WIRE)--California State University (CSU) Dominguez Hills selected Stem, 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 are 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 contractâ€”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, and 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, and 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, and Mithril Capital Management. Visit www.stem.com for more information.