The challenge strengthens Stem’s rising place within the public energy sector; helps Sulfur Springs Valley Electric Co-op present dependable clear energy to its members
Stem (NYSE: STEM), a worldwide chief in AI-driven clear power options and companies, and Arizona Electric Power Cooperative (AEPCO), a non-profit, member-owned electrical era and transmission (G&T) cooperative, in partnership. with Prometheus Power (Prometheus), a nationwide renewable power developer, in the present day introduced the profitable deployment of a co-located storage and photo voltaic challenge to assist ship clear, dependable energy to its distribution co-ops and public energy members.
The challenge for Sulfur Springs Valley Electric Co-op (SSVEC), an AEPCO member co-op, features a 40-megawatt hour (MWh) power storage system and an present 20-megawatt (MW) photovoltaic (PV) system to combine. Athena®, Stem’s award-winning AI-driven clear power software program, to constantly function and monitor storage methods for maximized efficiency on a single, unified platform. The SSVEC challenge is the primary of three similar-sized deployments that Stem will accomplice with Prometheus to supply Stem companies for different AEPCO administration co-ops. All three initiatives are anticipated to return on-line by the tip of the 12 months.
“More than 900 electrical co-ops in 48 states make up the biggest electrical utility community within the U.S. The section is predicted to be one of many quickest rising segments of the front-of-the-meter (FTM) market to by the tip of this decade and is anticipated to characterize over 20% of all future storage deployments,” stated John Carrington, Stem’s Chief Executive Officer. “Stem’s distinctive mixture of AI-driven software program, {hardware}, and companies permits enhanced worth and challenge returns at scale for co-ops and their members. We are excited to convey our confirmed capabilities and market expertise to AEPCO and their members.”
“As a part of our Reliable Energy Plan, AEPCO is concentrated on strategic investments in renewable power property and battery power storage methods (BESS) to assist basically enhance, diversifying, and strengthening AEPCO’s portfolio,” stated Patrick Ledger, AEPCO govt vp and CEO. “With Stem’s confirmed photo voltaic and storage options and experience, we will guarantee economies of scale in bigger initiatives so our member co-ops can profit from the flexibleness and reliability of the bag clear power assets that scale back prices and supply extra dependable clear power for the communities we serve.”
“As Arizona’s largest co-op, SSVEC is working diligently to diversify our power portfolio from having greater than 80% coal-generated power in 2016 to 25% by 2023 with approx. of which 18% is generated from renewable sources. These efforts assist guarantee better power independence, reliability, and worth stability for SSVEC members, with better profit to at least one clear setting,” stated Jason Bowling, Chief Executive Officer of SSVEC. “Working with AEPCO and Stem to make sure the profitable deployment and optimization of our renewable power property will assist SSVEC proceed to honor our commitments to ship reasonably priced, dependable power to our 53,000 members .”
“We are honored to play a key position in constructing this monumental facility for SSVEC,” stated Rohit Garg, Prometheus Manager. “With our developer experience, we’re assured that this challenge will set a brand new customary for co-ops implementing utility-scale renewable power property, pushing ahead the adoption of sustainable practices within the power sector . We sit up for working with Stem on future initiatives for AEPCO.”
This follows latest wins on Stem’s co-op initiatives, together with a 23 MW photo voltaic plus 60 MWh storage challenge for Mohave Electric Cooperative (MEC), an AEPCO distribution co-op, and a 313 MWh standalone power storage challenge with Ameresco for a serious co-op buyer. Stem has booked greater than $1 billion in contracts associated to the rising municipal and co-op utility market share. Typically, AEPCO will host a ribbon reducing ceremony in Sahuarita, Arizona on June 13, 2024.
Learn extra about AEPCO’s clear power methods within the upcoming Stem webinar “AEPCO Leads the Way to Reduce Costs and Improve Reliability for Members,” register at https://www.stem. com/webinar-in-the-spotlight-aepco/.
About the Stem
Stem (NYSE: STEM) supplies clear power options and companies that maximize the financial, environmental, and sustainability worth of power property and portfolios. Stem’s main AI-driven enterprise software program platform, Athena® permits organizations to deploy and unlock worth from clear power property at scale. Powerful functions, together with AdditionallyEnergy’s PowerObserve, simplify and optimize asset administration and join the ecosystem of householders, builders, property, and markets. Stem additionally gives built-in accomplice options that enhance returns on power initiatives, together with storage, photo voltaic, and EV fleet charging. For extra info, go to www.stem.com.
About AEPCO
AEPCO is the era, transmission, and power companies supplier for electrical distribution cooperatives and public utilities in Arizona, California, and Nevada. Headquartered in Benson, Arizona, AEPCO operates with its sister group, Sierra Southwest Cooperative Services, Inc. (Sierra) underneath the umbrella of Arizona G&T Cooperatives. AEPCO owns and operates the Apache Generating Station, situated in Cochise County, which has been underneath AEPCO’s operation since 1961 and is provided with present pure fuel and electrical transmission infrastructure. For extra details about AEPCO and its future initiatives, please go to www.azgt.coop.
