Stem, Inc. announced the company?s key role in the development and recent completion of the first community battery energy storage site in the Bronx, New York City. The site is owned and operated by NineDot Energy®, a leading developer of community-scale clean energy projects backed by global investment firm Carlyle. NineDot?s first Bronx site features a 3 megawatt (MW)/12 megawatt-hour (MWh) battery energy storage system, a solar canopy, and infrastructure ready for bi-directional electric vehicle chargers.

Stem?s AI-driven Athena ® platform is co-optimizing multiple value streams, including New York?s Value of Distributed Energy Resources (VDER) program incentives. For NineDot Energy, this Bronx site is a model for developing future urban clean energy projects and supports the company?s goal of strengthening the local power grid and providing stable, reliable, and resilient power to tens of thousands of New York City households and businesses. Stem?s Athena software intelligently manages the battery site?s energy storage system to help make the local grid more robust while integrating more clean energy into the grid during times of peak demand.

Athena automatically responds to grid calls within ten minutes, while simultaneously optimizing for VDER tariff rates as well as seasonal system peaks under the VDER capacity program. Stem?s software development team leveraged Athena?s past success in coincident peak prediction in other power markets to develop the New York algorithms, a demonstration of company's operating leverage as company expand into new markets. Stem and NineDot are engaged in multiple additional projects in the New York region.