Stem Introduces Athena® PowerBidder™ Pro for Bid Optimization in Wholesale Energy Markets

09/07/2023

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.

Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
IR@stem.com

Stem Media Contact
Suraya Akbarzad, Stem
press@stem.com

Source: Stem, Inc.