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Stock impact report

Stem's PowerBidder™ Pro Selected by Two CCAs in CAISO [Yahoo! Finance]

Stem, Inc. Class A (STEM) 
US:NASDAQ Investor Relations: investor.stemcellsinc.com
Company Research Source: Yahoo! Finance
SAN FRANCISCO, March 19, 2024 BUSINESS WIRE )--Stem (NYSE: STEM), a leader in AI-driven clean energy solutions and services, today announced that its Athena ® PowerBidder™ Pro application has been selected by two community choice aggregators (CCAs) – Central Coast Community Energy (3CE) and Silicon Valley Clean Energy (SVCE) – to support scalable bid optimization management and help maximize the value of multiple battery energy storage systems (BESS) in the California Independent System Operator (CAISO) market. Under this software-only contract, the CCAs will use PowerBidder Pro's advanced price forecasting and optimization features to manage and execute trading strategies for a growing portfolio of utility-scale assets in CAISO. "Stem has been a trusted renewable energy partner in CAISO since 2015 and understands the challenges CCAs face to cost-effectively decarbonize the electricity grid and preserve reliability and resilience for their customers, said Cedric Brehaut, Vice Presi Show less Read more
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