Stem Awarded 68 MWh Storage Projects to aid Low Income California Families

Stem, an AI-driven storage systems provider, has bagged 68 MWh storage projects in the latest California SGIP Non-Residential Equity lottery.

Stem Inc, a leading artificial intelligence (AI)-driven energy storage systems provider has announced that it, along with partners, has been awarded 68 megawatt-hours (MWh) in storage projects from the December 2020 California Self-Generation Incentive Program (SGIP) Non-Residential Equity lottery. This SGIP budget provides incentives to support distributed energy resources for disadvantaged and low-income communities throughout California.

Combined with projects awarded in the May 2020 SGIP Equity lottery, Stem and its partners are delivering an aggregate of 82 MWh of storage capacity, or 41 percent of all Non-Residential Equity capacity awarded for energy storage in all of 2020. These projects amount to more than USD 35 million of smart storage deployments. 

Systems to be developed include large-scale behind-the-meter (BTM) deployments larger than 5 MWh each, as well as various solar plus storage and backup solution deployments for state and local governments, educational institutions, nonprofits, and small businesses. The SGIP awarded the 82 MWh in projects to seven of Stem’s existing and new sales channel partners in California, four of which will develop SGIP projects for the first time.

John  E. Carrington, Chief Executive Officer of Stem said, “the results of this latest SGIP award process are further validation of the demand for smart storage solutions delivered by Stem and our partners. Our smart storage capabilities enabled by our AI-powered software platform Athena will manage these newly awarded sites to provide grid reliability, resilience, and most importantly, energy cost savings to disadvantaged and low-income California communities. 

“Our Partner Program, consisting of more than 500 sales executives and bolstered by our Stem University training platform, amplifies the reach of our sales efforts and is core to unlocking additional smart storage across the US and beyond.”

Self-Generation Incentive Program

The California Public Utility Commission’s (CPUC) Self-Generation Incentive Program (SGIP) provides incentives to support existing, new, and emerging distributed energy resources. SGIP provides rebates for qualifying distributed energy systems installed on the customer’s side of the utility meter. Qualifying technologies include advanced energy storage systems, wind turbines, waste heat to power technologies, pressure reduction turbines, internal combustion engines, micro-turbines, gas turbines, and fuel cells.