New application will empower user-configured
energy trading strategies through AI-driven automation and
customization tools
Stem (NYSE: STEM), a global leader in AI-driven clean energy
solutions and services, today announced its new Athena®
PowerBidder™ Pro application to help energy professionals actively
manage clean energy assets with confidence, control, and
scalability. Asset owners, traders, and tolling offtakers can
leverage PowerBidder Pro’s AI-driven automated bid optimization
workflows as well as its comprehensive suite of advanced real-time
monitoring and control features to break open the ‘black box’ of
merchant battery storage asset operations and tailor strategies to
their organization’s risk tolerance.
“Stem’s energy experts have long been harnessing the power of
real-time data and deep insights delivered through our Athena
platform to help customers successfully bid into the fast-paced,
dynamic wholesale energy markets,” said Cedric Brehaut, Vice
President of Asset Management Solutions at Stem. “Now with
PowerBidder Pro, customers with their own trading capabilities will
be able to use these same proven bidding tools confidently to
manage energy assets themselves with ease and flexibility for an
added advantage in these highly competitive markets.”
PowerBidder Pro takes an innovative approach to bid optimization
by combining the power of AI and a deep understanding of the
intricacies of energy markets with a full-featured user interface
to manage economic performance. Access to real-time performance
metrics and leading-edge analytics allows energy traders to quickly
react to and even anticipate market shifts for a decisive
advantage. With the application’s intuitive interface, users can
easily fine-tune strategies to seamlessly adjust parameters, test
scenarios, and explore alternative trading avenues, tapping the
power of AI to optimize risk-adjusted returns. PowerBidder Pro’s
configurability enables asset bidding strategies that are better
aligned with each customer’s unique objectives.
Additionally, PowerBidder Pro’s flexible approach to managing
standalone, co-located, and hybrid energy storage assets
enables:
- Transparent Bidding Strategy Control: Direct and dynamic
control of bidding strategies without the limitations of rigid and
inflexible systems.
- Streamlined Workflows: Centralized workflows and data
help streamline management processes for maximum efficiency.
- Real-Time Performance Updates: Systematic and regular
updates remove the time-consuming guesswork of manually derived
asset performance data and analytics.
In addition to PowerBidder Pro, Stem will continue to offer its
world-class services to customers who need direct support in
managing their assets. Leveraging decades of wholesale market
experience, Stem’s energy experts will continue to provide
operating services using PowerBidder Pro on behalf of our
customers. With experience across 200,000 sites in over 50
countries, Athena and PowerBidder Pro bring together a
market-leading solution.
Learn more about PowerBidder Pro at
stem.com/powerbidder-pro.
Forward-Looking Statements
This press release, as well as other statements we make,
contains “forward-looking statements” within the meaning of the
federal securities laws, which include any statements that are not
historical facts. Such statements often contain words such as
“expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,”
“projected,” “projections,” “forecast,” “estimate,” “intend,”
“anticipate,” “ambition,” “goal,” “target,” “think,” “should,”
“could,” “would,” “will,” “hope,” “see,” “likely,” and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as statements the extent to
which Athena® PowerBidder™ Pro application can help actively manage
clean energy assets the integration and optimization of energy
resources; and our business strategies and those of our customers.
Such forward-looking statements are subject to risks,
uncertainties, and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements, including but not limited to our
inability to secure sufficient and timely inventory from our
suppliers, and provide us with contracted quantities of equipment;
our inability to meet contracted customer demand; supply chain
interruptions and manufacturing or delivery delays; disruptions in
sales, production, service or other business activities; general
economic, geopolitical and business conditions in key regions of
the world, including inflationary pressures, general economic
slowdown or a recession, increasing interest rates, changes in
monetary policy, instability in financial institutions, and the
prospect of a shutdown of the U.S. federal government; the direct
and indirect effects of widespread health emergencies on our
workforce, operations, financial results and cash flows; the
ongoing conflict in Ukraine; the results of operations and
financial condition of our customers and suppliers; pricing
pressures; weather and seasonal factors; our inability to continue
to grow and manage our growth effectively; our inability to attract
and retain qualified employees and key personnel; our inability to
comply with, and the effect on our business of, evolving legal
standards and regulations, including concerning data protection and
consumer privacy and evolving labor standards; risks relating to
the development and performance of our energy storage systems and
software-enabled services; the risk that our business, financial
condition and results of operations may be adversely affected by
other political, economic, business and competitive factors; and
other risks and uncertainties discussed in this release and in our
most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the
SEC. If one or more of these or other risks or uncertainties
materialize (or the consequences of any such development changes),
or should our underlying assumptions prove incorrect, actual
outcomes may vary materially from those reflected in our
forward-looking statements. Forward-looking and other statements in
this release regarding our environmental, social, and other
sustainability plans and goals are not an indication that these
statements are necessarily material to investors or required to be
disclosed in our filings with the SEC. In addition, historical,
current, and forward-looking environmental, social, and
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future. Statements in this press release are made
as of the date of this release, and Stem disclaims any intention or
obligation to update publicly or revise such statements, whether as
a result of new information, future events, or otherwise, except as
required by law.
About Stem
Stem (NYSE: STEM) provides clean energy solutions and services
that maximize the economic, environmental, and resiliency value of
energy assets and portfolios. Stem’s leading AI-driven enterprise
software platform, Athena® enables organizations to deploy and
unlock value from clean energy assets at scale. Powerful
applications, including AlsoEnergy’s PowerTrack, simplify and
optimize asset management and connect an ecosystem of owners,
developers, assets, and markets. Stem also offers integrated
partner solutions that can improve returns across energy projects,
including storage, solar, and EV fleet charging. For more
information, visit www.stem.com.
Source: Stem, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230907085629/en/
Stem Investor Contacts Ted Durbin, Stem Marc Silverberg,
ICR IR@stem.com
Stem Media Contact Suraya Akbarzad, Stem
press@stem.com
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